12, CHESTNUT CLOSE, RENDLESHAM, WOODBRIDGE, IP12 2UW - £215,000

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.

12 CHESTNUT CLOSE is a very small detached house of 94m², built sometime between 1983 and 1990, which could now be worth an estimated £258,083. It was last sold for £215,000 in April 2019, which was around 37% below the average April 2019 detached price in the East Suffolk local authority area. The most recent EPC inspection was November 2018, where the current energy rating was D, and the potential energy rating was B.

12 CHESTNUT CLOSE Sold Prices

Land registry data shows three sales for 12 CHESTNUT 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 12 CHESTNUT 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
2019 12 APR	£215,000	£339,885	37% below HPI
2009 31 JUL	£125,000	£226,622	45% below HPI
2003 7 MAR	£93,750	£183,759	49% below HPI

12 CHESTNUT 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 12 CHESTNUT CLOSE sales between March 2003 and April 2019 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 2009 sale was for 45% below the HPI. So the extrapolation line tracks at 45% below the HPI over time, until the April 2019 sale, where it rises to 37% below the HPI. The line then continues to track at 37% below the HPI.

What might 12 CHESTNUT CLOSE be worth now?

12 CHESTNUT CLOSE might now be worth an estimated £258,083.

This is based on house price inflation of 20%, between April 2019 and May 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 20% inflationary increase is applied to the most recent sale price for 12 CHESTNUT CLOSE of £215,000 on 12th April 2019. For the value to have increased from £215,000 to £258,083 over the six years and eleven months to May 2026, the following assumptions must hold true:

• The value of 12 CHESTNUT CLOSE has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The April 2019 sale price of £215,000 represented a fair market value for the property.
• The size, condition, and specification of 12 CHESTNUT CLOSE has not materially changed since April 2019.

How Large is 12 CHESTNUT CLOSE?

12 CHESTNUT CLOSE is 94m² according to the EPC inspection conducted in November 2018. This puts it in the smallest 10% 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 12 CHESTNUT CLOSE lies on this distribution: 7% of detached houses houses are smaller than 12 CHESTNUT CLOSE, and 92% of houses are larger. Note that EPC data is not available for all properties in Rendlesham.

12 CHESTNUT CLOSE: Plot and Title Map

12 CHESTNUT CLOSE sits on a plot of roughly 0.073 of an acre, or 297m². The below map shows the location of 12 CHESTNUT 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 12 CHESTNUT 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 12 CHESTNUT CLOSE?

12 CHESTNUT CLOSE is located in RENDLESHAM, in the IP12 postcode district. The below map shows the position of No. 12 on CHESTNUT CLOSE.