15, HERVEY CLOSE, SHOTLEY GATE, IPSWICH, IP9 1RR - £240,000

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.

15 HERVEY CLOSE is a very small semi-detached house of 62m², built sometime between 1991 and 1995, which could now be worth an estimated £235,257. It was last sold for £240,000 in November 2022, which was around 25% below the average November 2022 semi-detached price in the Babergh local authority area. The most recent EPC inspection was February 2015, where the current energy rating was E, and the potential energy rating was C.

15 HERVEY CLOSE Sold Prices

Land registry data shows three sales for 15 HERVEY CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Babergh local authority area for the corresponding sale date. All of the three 15 HERVEY 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 25 NOV	£240,000	£320,601	25% below HPI
2017 21 JUL	£182,000	£258,385	30% below HPI
2016 24 JUN	£159,000	£235,004	32% below HPI

15 HERVEY CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Babergh local authority area over time, sourced from the HPI. The three 15 HERVEY CLOSE sales between June 2016 and November 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 July 2017 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the November 2022 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might 15 HERVEY CLOSE be worth now?

15 HERVEY CLOSE might now be worth an estimated £235,257.

This is based on house price deflation of 2%, between November 2022 and June 2025, for semi-detached houses, in the Babergh local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 2% deflationary decrease is applied to the most recent sale price for 15 HERVEY CLOSE of £240,000 on 25th November 2022. For the value to have decreased from £240,000 to £235,257 over the three years and five months to June 2025, the following assumptions must hold true:

• The value of 15 HERVEY CLOSE has moved in line with the HPI for semi-detached houses in the Babergh local authority area.
• The November 2022 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of 15 HERVEY CLOSE has not materially changed since November 2022.

How Large is 15 HERVEY CLOSE?

15 HERVEY CLOSE is 62m² according to the EPC inspection conducted in February 2015. This puts it in the smallest 10% of semi-detached houses houses in Shotley Gate, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Shotley Gate, and where 15 HERVEY CLOSE lies on this distribution: 1% of semi-detached houses houses are smaller than 15 HERVEY CLOSE, and 99% of houses are larger. Note that EPC data is not available for all properties in Shotley Gate.

15 HERVEY CLOSE: Plot and Title Map

15 HERVEY CLOSE sits on a plot of roughly 0.032 of an acre, or 129m². The below map shows the location of 15 HERVEY 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 15 HERVEY 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 15 HERVEY CLOSE?

15 HERVEY CLOSE is located in SHOTLEY GATE, in the IP9 postcode district. The below map shows the position of No. 15 on HERVEY CLOSE.