7, PARK CLOSE, MARTLESHAM HEATH, IPSWICH, IP5 3UJ - £287,000

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 PARK CLOSE is a large detached house of 127m², built sometime between 1976 and 1982, which could now be worth an estimated £488,636. It was last sold for £287,000 in April 2013, which was around 16% above the average April 2013 detached price in the East Suffolk local authority area. The most recent EPC inspection was July 2012, where the current energy rating was D, and the potential energy rating was B.

7 PARK CLOSE Sold Prices

Land registry data shows two sales for 7 PARK 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 East Suffolk local authority area for the corresponding sale date. Both of the two 7 PARK 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
2013 25 APR	£287,000	£248,476	16% above HPI
2006 6 OCT	£270,000	£237,597	14% above HPI

7 PARK 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 two 7 PARK CLOSE sales from October 2006 and April 2013 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 2006 sale was for 14% above the HPI. So the extrapolation line tracks at 14% above the HPI over time, until the April 2013 sale, where it rises to 16% above the HPI. The line then continues to track at 16% above the HPI.

What might 7 PARK CLOSE be worth now?

7 PARK CLOSE might now be worth an estimated £488,636.

This is based on house price inflation of 70.3%, between April 2013 and February 2025, for 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 70.3% inflationary increase is applied to the most recent sale price for 7 PARK CLOSE of £287,000 on 25th April 2013. For the value to have increased from £287,000 to £488,636 over the twelve years and two months to February 2025, the following assumptions must hold true:

• The value of 7 PARK CLOSE has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The April 2013 sale price of £287,000 represented a fair market value for the property.
• The size, condition, and specification of 7 PARK CLOSE has not materially changed since April 2013.

How Large is 7 PARK CLOSE?

7 PARK CLOSE is 127m² according to the EPC inspection conducted in July 2012. This puts it in the largest 30% of detached houses houses in Martlesham Heath, based on EPC data. The below chart shows the distribution of detached houses houses by size in Martlesham Heath, and where 7 PARK CLOSE lies on this distribution: 71% of detached houses houses are smaller than 7 PARK CLOSE, and 27% of houses are larger. Note that EPC data is not available for all properties in Martlesham Heath.

7 PARK CLOSE: Plot and Title Map

7 PARK CLOSE sits on a plot of roughly 0.160 of an acre, or 647m². The below map shows the location of 7 PARK 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 PARK 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 PARK CLOSE?

7 PARK CLOSE is located in MARTLESHAM HEATH, in the IP5 postcode district. The below map shows the position of No. 7 on PARK CLOSE.