12, PAGET CLOSE, NEEDHAM MARKET, IPSWICH, IP6 8XF - £280,000

12 PAGET CLOSE is a very small detached house of 69m², built sometime between 1983 and 1990. It was last sold for £280,000 in May 2022, which was around 34% below the average May 2022 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was September 2021, where the current energy rating was C, and the potential energy rating was B.

12 PAGET CLOSE Sold Prices

Land registry data shows two sales for 12 PAGET CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Mid Suffolk local authority area for the corresponding sale date. Both of the two 12 PAGET 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
2022 20 MAY	£280,000	£426,404	34% below HPI
2013 31 OCT	£174,000	£265,963	35% below HPI

12 PAGET CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Mid Suffolk local authority area over time, sourced from the HPI. The two 12 PAGET CLOSE sales from October 2013 and May 2022 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 October 2013 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the May 2022 sale, where it rises to 34% below the HPI. The line then continues to track at 34% below the HPI.

How Large is 12 PAGET CLOSE?

12 PAGET CLOSE is 69m² according to the EPC inspection conducted in September 2021. This puts it in the smallest 20% of detached houses in Needham Market, based on EPC data. The below chart shows the distribution of detached houses by size in Needham Market, and where 12 PAGET CLOSE lies on this distribution: 11% of detached houses are smaller than 12 PAGET CLOSE, and 88% of houses are larger. Note that EPC data is not available for all properties in Needham Market.

12 PAGET CLOSE: Plot and Title Map

12 PAGET CLOSE sits on a plot of roughly 0.077 of an acre, or 310m². The below map shows the location of 12 PAGET 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 PAGET 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 PAGET CLOSE?

12 PAGET CLOSE is located in NEEDHAM MARKET, in the IP6 postcode district. The below map shows the position of No. 12 on PAGET CLOSE.