22, NEWARK CLOSE, IPSWICH, IP2 9TS - £300,000

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.

22 NEWARK CLOSE is a small extended semi-detached house of 103m², built sometime between 1983 and 1990, which could now be worth an estimated £330,015. It was last sold for £300,000 in June 2021, which was around 28% above the average June 2021 semi-detached price in the Ipswich local authority area. The most recent EPC inspection was August 2020, where the current energy rating was C, and the potential energy rating was B.

22 NEWARK CLOSE Sold Prices

Land registry data shows two sales for 22 NEWARK CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Ipswich local authority area for the corresponding sale date. Both of the two 22 NEWARK 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
2021 29 JUN	£300,000	£235,245	28% above HPI
2006 25 SEP	£166,000	£154,030	8% above HPI

22 NEWARK CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Ipswich local authority area over time, sourced from the HPI. The two 22 NEWARK CLOSE sales from September 2006 and June 2021 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 September 2006 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the June 2021 sale, where it rises to 28% above the HPI. The line then continues to track at 28% above the HPI.

What might 22 NEWARK CLOSE be worth now?

22 NEWARK CLOSE might now be worth an estimated £330,015.

This is based on house price inflation of 10%, between June 2021 and May 2026, for semi-detached houses, in the Ipswich local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 10% inflationary increase is applied to the most recent sale price for 22 NEWARK CLOSE of £300,000 on 29th June 2021. For the value to have increased from £300,000 to £330,015 over the five years and one month to May 2026, the following assumptions must hold true:

• The value of 22 NEWARK CLOSE has moved in line with the HPI for semi-detached houses in the Ipswich local authority area.
• The June 2021 sale price of £300,000 represented a fair market value for the property.
• The size, condition, and specification of 22 NEWARK CLOSE has not materially changed since June 2021.

How Large is 22 NEWARK CLOSE?

22 NEWARK CLOSE is 103m², which includes two extensions, according to the EPC inspection conducted in August 2020. This puts it in the smallest 40% of semi-detached houses houses in Ipswich, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Ipswich, and where 22 NEWARK CLOSE lies on this distribution: 38% of semi-detached houses houses are smaller than 22 NEWARK CLOSE, and 61% of houses are larger. Note that EPC data is not available for all properties in Ipswich.

22 NEWARK CLOSE: Plot and Title Map

22 NEWARK CLOSE sits on a plot of roughly 0.058 of an acre, or 236m². The below map shows the location of 22 NEWARK 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 22 NEWARK 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 22 NEWARK CLOSE?

22 NEWARK CLOSE is located in IPSWICH, in the IP2 postcode district. The below map shows the position of No. 22 on NEWARK CLOSE.