5, GRAYS CLOSE, HADLEIGH, IPSWICH, IP7 6AG - £485,000

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.

5 GRAYS CLOSE is a very large extended detached house of 188m², built sometime between 1976 and 1982, which could now be worth an estimated £602,102. It was last sold for £485,000 in February 2017, which was around 23% above the average February 2017 detached price in the Babergh local authority area. The most recent EPC inspection was April 2012, where the current energy rating was D, and the potential energy rating was C.

5 GRAYS CLOSE Sold Prices

Land registry data shows two sales for 5 GRAYS CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Babergh local authority area for the corresponding sale date. Both of the two 5 GRAYS 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 22 FEB	£485,000	£394,310	23% above HPI
1999 17 JUN	£160,000	£109,656	46% above HPI

5 GRAYS CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Babergh local authority area over time, sourced from the HPI. The two 5 GRAYS CLOSE sales from June 1999 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 June 1999 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 23% above the HPI. The line then continues to track at 23% above the HPI.

What might 5 GRAYS CLOSE be worth now?

5 GRAYS CLOSE might now be worth an estimated £602,102.

This is based on house price inflation of 24.1%, between February 2017 and February 2025, for detached houses, in the Babergh local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 24.1% inflationary increase is applied to the most recent sale price for 5 GRAYS CLOSE of £485,000 on 22nd February 2017. For the value to have increased from £485,000 to £602,102 over the eight years to February 2025, the following assumptions must hold true:

• The value of 5 GRAYS CLOSE has moved in line with the HPI for detached houses in the Babergh local authority area.
• The February 2017 sale price of £485,000 represented a fair market value for the property.
• The size, condition, and specification of 5 GRAYS CLOSE has not materially changed since February 2017.

How Large is 5 GRAYS CLOSE?

5 GRAYS CLOSE is 188m², which includes two extensions, according to the EPC inspection conducted in April 2012. This puts it in the largest 10% of detached houses houses in Hadleigh, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hadleigh, and where 5 GRAYS CLOSE lies on this distribution: 95% of detached houses houses are smaller than 5 GRAYS CLOSE, and 5% of houses are larger. Note that EPC data is not available for all properties in Hadleigh.

5 GRAYS CLOSE: Plot and Title Map

5 GRAYS CLOSE sits on a plot of roughly 0.278 of an acre, or 1,126m². The below map shows the location of 5 GRAYS 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 5 GRAYS 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 5 GRAYS CLOSE?

5 GRAYS CLOSE is located in HADLEIGH, in the IP7 postcode district. The below map shows the position of No. 5 on GRAYS CLOSE.