8, FARRIERS CLOSE, MARTLESHAM HEATH, IPSWICH, IP5 3SW - £236,000

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

8 FARRIERS CLOSE is a very small detached house of 49m², built sometime between 1983 and 1990. It was last sold for £236,000 in March 2021, which was around 36% below the average March 2021 detached price in the East Suffolk local authority area. The most recent EPC inspection was March 2023, where the current energy rating was A, and the potential energy rating was A.

8 FARRIERS CLOSE Sold Prices

Land registry data shows two sales for 8 FARRIERS 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 8 FARRIERS 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
2021 8 MAR	£236,000	£371,419	36% below HPI
2003 30 APR	£100,000	£185,103	46% below HPI

8 FARRIERS 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 8 FARRIERS CLOSE sales from April 2003 and March 2021 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 April 2003 sale was for 46% below the HPI. So the extrapolation line tracks at 46% below the HPI over time, until the March 2021 sale, where it rises to 36% below the HPI. The line then continues to track at 36% below the HPI.

How Large is 8 FARRIERS CLOSE?

8 FARRIERS CLOSE is 49m² according to the EPC inspection conducted in March 2023. This puts it in the smallest 10% of detached houses in Martlesham Heath, based on EPC data. The below chart shows the distribution of detached houses by size in Martlesham Heath, and where 8 FARRIERS CLOSE lies on this distribution: Less than 1% of detached houses are smaller than 8 FARRIERS CLOSE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Martlesham Heath.

8 FARRIERS CLOSE: Plot and Title Map

8 FARRIERS CLOSE sits on a plot of roughly 0.075 of an acre, or 305m². The below map shows the location of 8 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 8 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 8 FARRIERS CLOSE?

8 FARRIERS CLOSE is located in MARTLESHAM HEATH, in the IP5 postcode district. The below map shows the position of No. 8 on FARRIERS CLOSE.