16, MICHIGAN CLOSE, KESGRAVE, IPSWICH, IP5 1HG - £250,000

16 MICHIGAN CLOSE is a very small extended detached house of 78m², built sometime between 1950 and 1966. It was last sold for £250,000 in April 2015, which was around 13% below the average April 2015 detached price in the East Suffolk local authority area. The most recent EPC inspection was November 2013, where the current energy rating was F, and the potential energy rating was B.

16 MICHIGAN CLOSE Sold Prices

Land registry data shows three sales for 16 MICHIGAN 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. Two of the three 16 MICHIGAN CLOSE sales were for below the average price, whilst one was for above 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
2015 1 APR	£250,000	£286,842	13% below HPI
2005 5 JUL	£239,995	£223,310	7% above HPI
1998 25 FEB	£84,000	£84,540	1% below HPI

16 MICHIGAN 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 16 MICHIGAN CLOSE sales between February 1998 and April 2015 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 2005 sale was for 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the April 2015 sale, where it falls to 13% below the HPI. The line then continues to track at 13% below the HPI.

How Large is 16 MICHIGAN CLOSE?

16 MICHIGAN CLOSE is 78m², which includes one extension, according to the EPC inspection conducted in November 2013. This puts it in the smallest 20% of detached houses in Kesgrave, based on EPC data. The below chart shows the distribution of detached houses by size in Kesgrave, and where 16 MICHIGAN CLOSE lies on this distribution: 15% of detached houses are smaller than 16 MICHIGAN CLOSE, and 84% of houses are larger. Note that EPC data is not available for all properties in Kesgrave.

16 MICHIGAN CLOSE: Plot and Title Map

16 MICHIGAN CLOSE sits on a plot of roughly 0.126 of an acre, or 508m². The below map shows the location of 16 MICHIGAN 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 16 MICHIGAN 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 16 MICHIGAN CLOSE?

16 MICHIGAN CLOSE is located in KESGRAVE, in the IP5 postcode district. The below map shows the position of No. 16 on MICHIGAN CLOSE.