7, MICHIGAN CLOSE, KESGRAVE, IPSWICH, IP5 1HG - £270,000

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.

7 MICHIGAN CLOSE is a small extended semi-detached house of 101m², built sometime between 1967 and 1975, which could now be worth an estimated £388,599. It was last sold for £270,000 in April 2016, which was around 39% above the average April 2016 semi-detached price in the East Suffolk local authority area. The most recent EPC inspection was February 2016, where the current energy rating was D, and the potential energy rating was C.

7 MICHIGAN CLOSE Sold Prices

Land registry data shows two sales for 7 MICHIGAN 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 7 MICHIGAN 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
2016 13 APR	£270,000	£193,885	39% above HPI
2002 15 NOV	£125,000	£107,943	16% above HPI

7 MICHIGAN 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 7 MICHIGAN CLOSE sales from November 2002 and April 2016 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 November 2002 sale was for 16% above the HPI. So the extrapolation line tracks at 16% above the HPI over time, until the April 2016 sale, where it rises to 39% above the HPI. The line then continues to track at 39% above the HPI.

What might 7 MICHIGAN CLOSE be worth now?

7 MICHIGAN CLOSE might now be worth an estimated £388,599.

This is based on house price inflation of 43.9%, between April 2016 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 43.9% inflationary increase is applied to the most recent sale price for 7 MICHIGAN CLOSE of £270,000 on 13th April 2016. For the value to have increased from £270,000 to £388,599 over the nine years and two months to February 2025, the following assumptions must hold true:

• The value of 7 MICHIGAN CLOSE has moved in line with the HPI for semi-detached houses in the East Suffolk local authority area.
• The April 2016 sale price of £270,000 represented a fair market value for the property.
• The size, condition, and specification of 7 MICHIGAN CLOSE has not materially changed since April 2016.

How Large is 7 MICHIGAN CLOSE?

7 MICHIGAN CLOSE is 101m², which includes one extension, according to the EPC inspection conducted in February 2016. This puts it in the smallest 40% of semi-detached houses houses in Kesgrave, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Kesgrave, and where 7 MICHIGAN CLOSE lies on this distribution: 35% of semi-detached houses houses are smaller than 7 MICHIGAN CLOSE, and 64% of houses are larger. Note that EPC data is not available for all properties in Kesgrave.

7 MICHIGAN CLOSE: Plot and Title Map

7 MICHIGAN CLOSE sits on a plot of roughly 0.115 of an acre, or 464m². The below map shows the location of 7 MICHIGAN 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 7 MICHIGAN 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 7 MICHIGAN CLOSE?

7 MICHIGAN CLOSE is located in KESGRAVE, in the IP5 postcode district. The below map shows the position of No. 7 on MICHIGAN CLOSE.