4, PEARL CLOSE, OTLEY, IPSWICH, IP6 9QP - £440,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

4 PEARL CLOSE is a large detached house of 164m², built sometime between 1996 and 2002. It was last sold for £440,000 in February 2017, which was around 34% above the average February 2017 detached price in the East Suffolk local authority area. The most recent EPC inspection was October 2016, where the current energy rating was D, and the potential energy rating was C.

4 PEARL CLOSE Sold Prices

Land registry data shows three sales for 4 PEARL CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the East Suffolk local authority area for the corresponding sale date. All of the three 4 PEARL CLOSE sales were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2017 1 FEB	£440,000	£329,544	34% above HPI
2007 29 OCT	£392,000	£269,163	46% above HPI
2002 5 APR	£263,500	£147,343	79% above HPI

4 PEARL CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Suffolk local authority area over time, sourced from the HPI. The three 4 PEARL CLOSE sales between April 2002 and February 2017 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the October 2007 sale was for 46% above the HPI. So the extrapolation line tracks at 46% above the HPI over time, until the February 2017 sale, where it falls to 34% above the HPI. The line then continues to track at 34% above the HPI.

How Large is 4 PEARL CLOSE?

4 PEARL CLOSE is 164m² according to the EPC inspection conducted in October 2016. This puts it in the largest 40% of detached houses in Otley, based on EPC data. The below chart shows the distribution of detached houses by size in Otley, and where 4 PEARL CLOSE lies on this distribution: 65% of detached houses are smaller than 4 PEARL CLOSE, and 35% of houses are larger. Note that EPC data is not available for all properties in Otley.

4 PEARL CLOSE: Plot and Title Map

4 PEARL CLOSE sits on a plot of roughly 0.124 of an acre, or 504m². The below map shows the location of 4 PEARL CLOSE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 4 PEARL CLOSE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 4 PEARL CLOSE?

4 PEARL CLOSE is located in OTLEY, in the IP6 postcode district. The below map shows the position of No. 4 on PEARL CLOSE.