2, GARRETT CLOSE, SNAPE, SAXMUNDHAM, IP17 1RN - £405,000

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 GARRETT CLOSE is a small detached house of 114m², built sometime between 1996 and 2002, which could now be worth an estimated £461,708. It was last sold for £405,000 in November 2018, which was around 13% above the average November 2018 detached price in the East Suffolk local authority area. The most recent EPC inspection was January 2018, where the current energy rating was D, and the potential energy rating was C.

2 GARRETT CLOSE Sold Prices

Land registry data shows two sales for 2 GARRETT 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 East Suffolk local authority area for the corresponding sale date. Both of the two 2 GARRETT CLOSE sales were 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
2018 6 NOV	£405,000	£357,883	13% above HPI
2002 20 DEC	£285,000	£175,279	63% above HPI

2 GARRETT 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 two 2 GARRETT CLOSE sales from December 2002 and November 2018 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 December 2002 sale was for 63% above the HPI. So the extrapolation line tracks at 63% above the HPI over time, until the November 2018 sale, where it falls to 13% above the HPI. The line then continues to track at 13% above the HPI.

What might 2 GARRETT CLOSE be worth now?

2 GARRETT CLOSE might now be worth an estimated £461,708.

This is based on house price inflation of 14%, between November 2018 and May 2026, 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 14% inflationary increase is applied to the most recent sale price for 2 GARRETT CLOSE of £405,000 on 6th November 2018. For the value to have increased from £405,000 to £461,708 over the eight years and six months to May 2026, the following assumptions must hold true:

• The value of 2 GARRETT CLOSE has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The November 2018 sale price of £405,000 represented a fair market value for the property.
• The size, condition, and specification of 2 GARRETT CLOSE has not materially changed since November 2018.

How Large is 2 GARRETT CLOSE?

2 GARRETT CLOSE is 114m² according to the EPC inspection conducted in January 2018. This puts it in the smallest 40% of detached houses houses in Snape, based on EPC data. The below chart shows the distribution of detached houses houses by size in Snape, and where 2 GARRETT CLOSE lies on this distribution: 30% of detached houses houses are smaller than 2 GARRETT CLOSE, and 70% of houses are larger. Note that EPC data is not available for all properties in Snape.

2 GARRETT CLOSE: Plot and Title Map

2 GARRETT CLOSE sits on a plot of roughly 0.119 of an acre, or 481m². The below map shows the location of 2 GARRETT 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 2 GARRETT 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 2 GARRETT CLOSE?

2 GARRETT CLOSE is located in SNAPE, in the IP17 postcode district. The below map shows the position of No. 2 on GARRETT CLOSE.