2, BRIGHTS WALK, KESGRAVE, IPSWICH, IP5 2ED - £174,000

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.

2 BRIGHTS WALK is a very small detached house of 73m², built sometime between 1996 and 2002, which could now be worth an estimated £288,005. It was last sold for £174,000 in June 2011, which was around 31% below the average June 2011 detached price in the East Suffolk local authority area. The most recent EPC inspection was November 2010, where the current energy rating was D, and the potential energy rating was C.

2 BRIGHTS WALK Sold Prices

Land registry data shows three sales for 2 BRIGHTS WALK 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 2 BRIGHTS WALK 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
2011 6 JUN	£174,000	£253,529	31% below HPI
2002 15 NOV	£134,995	£176,535	24% below HPI
2000 28 APR	£97,995	£105,016	7% below HPI

2 BRIGHTS WALK 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 2 BRIGHTS WALK sales between April 2000 and June 2011 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 November 2002 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the June 2011 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

What might 2 BRIGHTS WALK be worth now?

2 BRIGHTS WALK might now be worth an estimated £288,005.

This is based on house price inflation of 65.5%, between June 2011 and October 2025, 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 65.5% inflationary increase is applied to the most recent sale price for 2 BRIGHTS WALK of £174,000 on 6th June 2011. For the value to have increased from £174,000 to £288,005 over the thirteen years and eight months to October 2025, the following assumptions must hold true:

• The value of 2 BRIGHTS WALK has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The June 2011 sale price of £174,000 represented a fair market value for the property.
• The size, condition, and specification of 2 BRIGHTS WALK has not materially changed since June 2011.

How Large is 2 BRIGHTS WALK?

2 BRIGHTS WALK is 73m² according to the EPC inspection conducted in November 2010. This puts it in the smallest 20% of detached houses houses in Kesgrave, based on EPC data. The below chart shows the distribution of detached houses houses by size in Kesgrave, and where 2 BRIGHTS WALK lies on this distribution: 11% of detached houses houses are smaller than 2 BRIGHTS WALK, and 88% of houses are larger. Note that EPC data is not available for all properties in Kesgrave.

2 BRIGHTS WALK: Plot and Title Map

2 BRIGHTS WALK sits on a plot of roughly 0.046 of an acre, or 187m². The below map shows the location of 2 BRIGHTS WALK, 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 2 BRIGHTS WALK). 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 2 BRIGHTS WALK?

2 BRIGHTS WALK is located in KESGRAVE, in the IP5 postcode district. The below map shows the position of No. 2 on BRIGHTS WALK.