43, FARRIERS CLOSE, MARTLESHAM HEATH, IPSWICH, IP5 3SN - £232,500

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

43 FARRIERS CLOSE is a small semi-detached house of 83m², built sometime between 1976 and 1982, which could now be worth an estimated £286,271. It was last sold for £232,500 in October 2018, which was around 3% above the average October 2018 semi-detached price in the East Suffolk local authority area. The most recent EPC inspection was December 2015, where the current energy rating was D, and the potential energy rating was B.

43 FARRIERS CLOSE Sold Prices

Land registry data shows two sales for 43 FARRIERS CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the East Suffolk local authority area for the corresponding sale date. Both of the two 43 FARRIERS 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
2018 5 OCT	£232,500	£226,635	3% above HPI
1998 20 FEB	£59,995	£52,219	15% above HPI

43 FARRIERS CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the East Suffolk local authority area over time, sourced from the HPI. The two 43 FARRIERS CLOSE sales from February 1998 and October 2018 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 February 1998 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the October 2018 sale, where it falls to 3% above the HPI. The line then continues to track at 3% above the HPI.

What might 43 FARRIERS CLOSE be worth now?

43 FARRIERS CLOSE might now be worth an estimated £286,271.

This is based on house price inflation of 23.1%, between October 2018 and February 2025, for semi-detached houses, in the East Suffolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 23.1% inflationary increase is applied to the most recent sale price for 43 FARRIERS CLOSE of £232,500 on 5th October 2018. For the value to have increased from £232,500 to £286,271 over the seven years and eight months to February 2025, the following assumptions must hold true:

• The value of 43 FARRIERS CLOSE has moved in line with the HPI for semi-detached houses in the East Suffolk local authority area.
• The October 2018 sale price of £232,500 represented a fair market value for the property.
• The size, condition, and specification of 43 FARRIERS CLOSE has not materially changed since October 2018.

How Large is 43 FARRIERS CLOSE?

43 FARRIERS CLOSE is 83m² according to the EPC inspection conducted in December 2015. This puts it in the smallest 30% of semi-detached houses houses in Martlesham Heath, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Martlesham Heath, and where 43 FARRIERS CLOSE lies on this distribution: 28% of semi-detached houses houses are smaller than 43 FARRIERS CLOSE, and 72% of houses are larger. Note that EPC data is not available for all properties in Martlesham Heath.

43 FARRIERS CLOSE: Plot and Title Map

43 FARRIERS CLOSE sits on a plot of roughly 0.081 of an acre, or 326m². The below map shows the location of 43 FARRIERS 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 43 FARRIERS 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 43 FARRIERS CLOSE?

43 FARRIERS CLOSE is located in MARTLESHAM HEATH, in the IP5 postcode district. The below map shows the position of No. 43 on FARRIERS CLOSE.