2, WELL CLOSE SQUARE, FRAMLINGHAM, WOODBRIDGE, IP13 9DU - £180,000

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 WELL CLOSE SQUARE is a small extended terraced house of 92m², built sometime before 1900, which could now be worth an estimated £234,579. It was last sold for £180,000 in March 2018, which was around 12% above the average March 2018 terraced price in the East Suffolk local authority area. The most recent EPC inspection was September 2024, where the current energy rating was C, and the potential energy rating was B.

2 WELL CLOSE SQUARE Sold Prices

Land registry data shows four sales for 2 WELL CLOSE SQUARE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the East Suffolk local authority area for the corresponding sale date. Most of the four 2 WELL CLOSE SQUARE 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
2018 16 MAR	£180,000	£160,990	12% above HPI
2006 20 NOV	£121,000	£122,745	1% below HPI
2002 15 NOV	£75,000	£77,190	3% below HPI
1996 28 JUN	£30,000	£34,658	13% below HPI

2 WELL CLOSE SQUARE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the East Suffolk local authority area over time, sourced from the HPI. The four 2 WELL CLOSE SQUARE sales between June 1996 and March 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 November 2006 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the March 2018 sale, where it rises to 12% above the HPI. The line then continues to track at 12% above the HPI.

What might 2 WELL CLOSE SQUARE be worth now?

2 WELL CLOSE SQUARE might now be worth an estimated £234,579.

This is based on house price inflation of 30.3%, between March 2018 and April 2026, for terraced 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 30.3% inflationary increase is applied to the most recent sale price for 2 WELL CLOSE SQUARE of £180,000 on 16th March 2018. For the value to have increased from £180,000 to £234,579 over the seven years and eleven months to April 2026, the following assumptions must hold true:

• The value of 2 WELL CLOSE SQUARE has moved in line with the HPI for terraced houses in the East Suffolk local authority area.
• The March 2018 sale price of £180,000 represented a fair market value for the property.
• The size, condition, and specification of 2 WELL CLOSE SQUARE has not materially changed since March 2018.

How Large is 2 WELL CLOSE SQUARE?

2 WELL CLOSE SQUARE is 92m², which includes one extension, according to the EPC inspection conducted in September 2024. This puts it in the smallest 30% of terraced houses houses in Framlingham, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Framlingham, and where 2 WELL CLOSE SQUARE lies on this distribution: 25% of terraced houses houses are smaller than 2 WELL CLOSE SQUARE, and 74% of houses are larger. Note that EPC data is not available for all properties in Framlingham.

2 WELL CLOSE SQUARE: Plot and Title Map

2 WELL CLOSE SQUARE sits on a plot of roughly 0.019 of an acre, or 75m². The below map shows the location of 2 WELL CLOSE SQUARE, 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 WELL CLOSE SQUARE). 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 WELL CLOSE SQUARE?

2 WELL CLOSE SQUARE is located in FRAMLINGHAM, in the IP13 postcode district. The below map shows the position of No. 2 on WELL CLOSE SQUARE.