8, WARENE CLOSE, FRAMLINGHAM, WOODBRIDGE, IP13 9SR - £320,000

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 WARENE CLOSE is a midsized detached house of 115m², built sometime between 1996 and 2002, which could now be worth an estimated £515,021. It was last sold for £320,000 in February 2014, which was around 22% above the average February 2014 detached price in the East Suffolk local authority area. The most recent EPC inspection was August 2012, where the current energy rating was D, and the potential energy rating was B.

8 WARENE CLOSE Sold Prices

Land registry data shows three sales for 8 WARENE 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 East Suffolk local authority area for the corresponding sale date. All of the three 8 WARENE 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
2014 28 FEB	£320,000	£262,853	22% above HPI
2012 7 SEP	£295,000	£251,328	17% above HPI
2001 28 MAR	£176,000	£125,650	40% above HPI

8 WARENE 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 three 8 WARENE CLOSE sales between March 2001 and February 2014 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 September 2012 sale was for 17% above the HPI. So the extrapolation line tracks at 17% above the HPI over time, until the February 2014 sale, where it rises to 22% above the HPI. The line then continues to track at 22% above the HPI.

What might 8 WARENE CLOSE be worth now?

8 WARENE CLOSE might now be worth an estimated £515,021.

This is based on house price inflation of 60.9%, between February 2014 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 60.9% inflationary increase is applied to the most recent sale price for 8 WARENE CLOSE of £320,000 on 28th February 2014. For the value to have increased from £320,000 to £515,021 over the eleven years to February 2025, the following assumptions must hold true:

• The value of 8 WARENE CLOSE has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The February 2014 sale price of £320,000 represented a fair market value for the property.
• The size, condition, and specification of 8 WARENE CLOSE has not materially changed since February 2014.

How Large is 8 WARENE CLOSE?

8 WARENE CLOSE is 115m² according to the EPC inspection conducted in August 2012. This puts it in the largest 50% of detached houses houses in Framlingham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Framlingham, and where 8 WARENE CLOSE lies on this distribution: 55% of detached houses houses are smaller than 8 WARENE CLOSE, and 45% of houses are larger. Note that EPC data is not available for all properties in Framlingham.

8 WARENE CLOSE: Plot and Title Map

8 WARENE CLOSE sits on a plot of roughly 0.155 of an acre, or 628m². The below map shows the location of 8 WARENE 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 WARENE 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 WARENE CLOSE?

8 WARENE CLOSE is located in FRAMLINGHAM, in the IP13 postcode district. The below map shows the position of No. 8 on WARENE CLOSE.