5, LOTUS CLOSE, IPSWICH, IP1 5QH - £307,000

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

5 LOTUS CLOSE is a midsized extended detached house of 112m², built sometime between 1991 and 1995. It was last sold for £307,000 in April 2019, which was around 11% below the average April 2019 detached price in the Ipswich local authority area. The most recent EPC inspection was August 2018, where the current energy rating was D, and the potential energy rating was B.

5 LOTUS CLOSE Sold Prices

Land registry data shows three sales for 5 LOTUS 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 Ipswich local authority area for the corresponding sale date. All of the three 5 LOTUS CLOSE sales were for below 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
2019 26 APR	£307,000	£343,403	11% below HPI
2004 27 FEB	£196,000	£200,278	2% below HPI
2001 26 OCT	£131,500	£143,938	9% below HPI

5 LOTUS CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Ipswich local authority area over time, sourced from the HPI. The three 5 LOTUS CLOSE sales between October 2001 and April 2019 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 2004 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the April 2019 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is 5 LOTUS CLOSE?

5 LOTUS CLOSE is 112m², which includes one extension, according to the EPC inspection conducted in August 2018. This puts it in the largest 50% of detached houses in Ipswich, based on EPC data. The below chart shows the distribution of detached houses by size in Ipswich, and where 5 LOTUS CLOSE lies on this distribution: 49% of detached houses are smaller than 5 LOTUS CLOSE, and 50% of houses are larger. Note that EPC data is not available for all properties in Ipswich.

5 LOTUS CLOSE: Plot and Title Map

5 LOTUS CLOSE sits on a plot of roughly 0.067 of an acre, or 271m². The below map shows the location of 5 LOTUS 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 LOTUS 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 LOTUS CLOSE?

5 LOTUS CLOSE is located in IPSWICH, in the IP1 postcode district. The below map shows the position of No. 5 on LOTUS CLOSE.