1, SPRING CLOSE, RENDLESHAM, WOODBRIDGE, IP12 2UQ - £235,000

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.

1 SPRING CLOSE is a small detached house of 119m², built sometime between 1983 and 1990, which could now be worth an estimated £317,182. It was last sold for £235,000 in June 2016, which was around 23% below the average June 2016 detached price in the East Suffolk local authority area. The most recent EPC inspection was June 2011, where the current energy rating was D, and the potential energy rating was C.

1 SPRING CLOSE Sold Prices

Land registry data shows three sales for 1 SPRING 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 1 SPRING 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
2016 17 JUN	£235,000	£306,226	23% below HPI
2007 5 JUL	£187,000	£250,828	25% below HPI
2002 19 JUL	£110,000	£158,645	31% below HPI

1 SPRING 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 1 SPRING CLOSE sales between July 2002 and June 2016 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 July 2007 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the June 2016 sale, where it rises to 23% below the HPI. The line then continues to track at 23% below the HPI.

What might 1 SPRING CLOSE be worth now?

1 SPRING CLOSE might now be worth an estimated £317,182.

This is based on house price inflation of 35%, between June 2016 and April 2026, 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 35% inflationary increase is applied to the most recent sale price for 1 SPRING CLOSE of £235,000 on 17th June 2016. For the value to have increased from £235,000 to £317,182 over the ten years and two months to April 2026, the following assumptions must hold true:

• The value of 1 SPRING CLOSE has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The June 2016 sale price of £235,000 represented a fair market value for the property.
• The size, condition, and specification of 1 SPRING CLOSE has not materially changed since June 2016.

How Large is 1 SPRING CLOSE?

1 SPRING CLOSE is 119m² according to the EPC inspection conducted in June 2011. This puts it in the smallest 30% of detached houses houses in Rendlesham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Rendlesham, and where 1 SPRING CLOSE lies on this distribution: 24% of detached houses houses are smaller than 1 SPRING CLOSE, and 76% of houses are larger. Note that EPC data is not available for all properties in Rendlesham.

1 SPRING CLOSE: Plot and Title Map

1 SPRING CLOSE sits on a plot of roughly 0.078 of an acre, or 317m². The below map shows the location of 1 SPRING 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 1 SPRING 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 1 SPRING CLOSE?

1 SPRING CLOSE is located in RENDLESHAM, in the IP12 postcode district. The below map shows the position of No. 1 on SPRING CLOSE.