8, RILEY CLOSE, IPSWICH, IP1 5QD - £385,000

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.

8 RILEY CLOSE is a midsized extended detached house of 116m², built sometime between 1996 and 2002, which could now be worth an estimated £388,607. It was last sold for £385,000 in December 2023, which was around 2% below the average December 2023 detached price in the Ipswich local authority area. The most recent EPC inspection was August 2022, where the current energy rating was C, and the potential energy rating was B.

8 RILEY CLOSE Sold Prices

Land registry data shows five sales for 8 RILEY CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Ipswich local authority area for the corresponding sale date. Most of the five 8 RILEY 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
2023 4 DEC	£385,000	£394,153	2% below HPI
2020 31 JAN	£330,000	£345,415	4% below HPI
2005 30 SEP	£200,000	£223,931	11% below HPI
2002 24 MAY	£173,000	£159,944	8% above HPI
2001 23 MAY	£124,950	£133,140	6% below HPI

8 RILEY 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 five 8 RILEY CLOSE sales between May 2001 and December 2023 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 January 2020 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the December 2023 sale, where it rises to 2% below the HPI. The line then continues to track at 2% below the HPI.

What might 8 RILEY CLOSE be worth now?

8 RILEY CLOSE might now be worth an estimated £388,607.

This is based on house price inflation of 0.9%, between December 2023 and February 2025, for detached houses, in the Ipswich local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 0.9% inflationary increase is applied to the most recent sale price for 8 RILEY CLOSE of £385,000 on 4th December 2023. For the value to have increased from £385,000 to £388,607 over the two years and ten months to February 2025, the following assumptions must hold true:

• The value of 8 RILEY CLOSE has moved in line with the HPI for detached houses in the Ipswich local authority area.
• The December 2023 sale price of £385,000 represented a fair market value for the property.
• The size, condition, and specification of 8 RILEY CLOSE has not materially changed since December 2023.

How Large is 8 RILEY CLOSE?

8 RILEY CLOSE is 116m², which includes one extension, according to the EPC inspection conducted in August 2022. This puts it in the largest 50% of detached houses houses in Ipswich, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ipswich, and where 8 RILEY CLOSE lies on this distribution: 53% of detached houses houses are smaller than 8 RILEY CLOSE, and 45% of houses are larger. Note that EPC data is not available for all properties in Ipswich.

8 RILEY CLOSE: Plot and Title Map

8 RILEY CLOSE sits on a plot of roughly 0.083 of an acre, or 337m². The below map shows the location of 8 RILEY 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 RILEY 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 RILEY CLOSE?

8 RILEY CLOSE is located in IPSWICH, in the IP1 postcode district. The below map shows the position of No. 8 on RILEY CLOSE.