8, LIME TREE CLOSE, NEEDHAM MARKET, IPSWICH, IP6 8TE - £230,000

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 LIME TREE CLOSE is a very small detached house of 79m², built sometime between 1996 and 2002. It was last sold for £230,000 in February 2015, which was around 22% below the average February 2015 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was January 2015, where the current energy rating was D, and the potential energy rating was B.

8 LIME TREE CLOSE Sold Prices

Land registry data shows three sales for 8 LIME TREE 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 Mid Suffolk local authority area for the corresponding sale date. Two of the three 8 LIME TREE CLOSE sales were for below the average price, whilst one was 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
2015 4 FEB	£230,000	£293,744	22% below HPI
2003 29 MAY	£199,950	£198,212	1% above HPI
1999 2 NOV	£97,500	£115,193	15% below HPI

8 LIME TREE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Mid Suffolk local authority area over time, sourced from the HPI. The three 8 LIME TREE CLOSE sales between November 1999 and February 2015 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 May 2003 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the February 2015 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is 8 LIME TREE CLOSE?

8 LIME TREE CLOSE is 79m² according to the EPC inspection conducted in January 2015. This puts it in the smallest 20% of detached houses in Needham Market, based on EPC data. The below chart shows the distribution of detached houses by size in Needham Market, and where 8 LIME TREE CLOSE lies on this distribution: 17% of detached houses are smaller than 8 LIME TREE CLOSE, and 81% of houses are larger. Note that EPC data is not available for all properties in Needham Market.

8 LIME TREE CLOSE: Plot and Title Map

8 LIME TREE CLOSE sits on a plot of roughly 0.092 of an acre, or 372m². The below map shows the location of 8 LIME TREE 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 LIME TREE 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 LIME TREE CLOSE?

8 LIME TREE CLOSE is located in NEEDHAM MARKET, in the IP6 postcode district. The below map shows the position of No. 8 on LIME TREE CLOSE.