12, LOTUS CLOSE, IPSWICH, IP1 5QH - £277,000

12 LOTUS CLOSE is a small detached house of 90m², built sometime between 1996 and 2002. It was last sold for £277,000 in January 2020, which was around 18% below the average January 2020 detached price in the Ipswich local authority area. The most recent EPC inspection was December 2013, where the current energy rating was D, and the potential energy rating was C.

12 LOTUS CLOSE Sold Prices

Land registry data shows five sales for 12 LOTUS 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. All of the five 12 LOTUS 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
2020 24 JAN	£277,000	£339,263	18% below HPI
2014 24 APR	£199,000	£247,718	20% below HPI
2007 2 AUG	£198,250	£250,307	21% below HPI
2004 16 AUG	£168,000	£219,731	24% below HPI
2001 23 NOV	£115,000	£145,574	21% below HPI

12 LOTUS 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 12 LOTUS CLOSE sales between November 2001 and January 2020 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 April 2014 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the January 2020 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is 12 LOTUS CLOSE?

12 LOTUS CLOSE is 90m² according to the EPC inspection conducted in December 2013. This puts it in the smallest 30% of detached houses in Ipswich, based on EPC data. The below chart shows the distribution of detached houses by size in Ipswich, and where 12 LOTUS CLOSE lies on this distribution: 24% of detached houses are smaller than 12 LOTUS CLOSE, and 75% of houses are larger. Note that EPC data is not available for all properties in Ipswich.

12 LOTUS CLOSE: Plot and Title Map

12 LOTUS CLOSE sits on a plot of roughly 0.096 of an acre, or 387m². The below map shows the location of 12 LOTUS 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 LOTUS 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 LOTUS CLOSE?

12 LOTUS CLOSE is located in IPSWICH, in the IP1 postcode district. The below map shows the position of No. 12 on LOTUS CLOSE.