24, MICHIGAN CLOSE, KESGRAVE, IPSWICH, IP5 1HG - £195,000

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.

24 MICHIGAN CLOSE is a small extended semi-detached house of 87m², built sometime between 1967 and 1975, which could now be worth an estimated £343,624. It was last sold for £195,000 in September 2012, which was around 22% above the average September 2012 semi-detached price in the East Suffolk local authority area. The most recent EPC inspection was April 2012, where the current energy rating was D, and the potential energy rating was B.

24 MICHIGAN CLOSE Sold Prices

Land registry data shows two sales for 24 MICHIGAN 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 East Suffolk local authority area for the corresponding sale date. Both of the two 24 MICHIGAN 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
2012 19 SEP	£195,000	£159,528	22% above HPI
2005 26 JAN	£173,000	£144,786	19% above HPI

24 MICHIGAN CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the East Suffolk local authority area over time, sourced from the HPI. The two 24 MICHIGAN CLOSE sales from January 2005 and September 2012 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 January 2005 sale was for 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the September 2012 sale, where it rises to 22% above the HPI. The line then continues to track at 22% above the HPI.

What might 24 MICHIGAN CLOSE be worth now?

24 MICHIGAN CLOSE might now be worth an estimated £343,624.

This is based on house price inflation of 76.2%, between September 2012 and March 2025, for semi-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 76.2% inflationary increase is applied to the most recent sale price for 24 MICHIGAN CLOSE of £195,000 on 19th September 2012. For the value to have increased from £195,000 to £343,624 over the thirteen years and six months to March 2025, the following assumptions must hold true:

• The value of 24 MICHIGAN CLOSE has moved in line with the HPI for semi-detached houses in the East Suffolk local authority area.
• The September 2012 sale price of £195,000 represented a fair market value for the property.
• The size, condition, and specification of 24 MICHIGAN CLOSE has not materially changed since September 2012.

How Large is 24 MICHIGAN CLOSE?

24 MICHIGAN CLOSE is 87m², which includes one extension, according to the EPC inspection conducted in April 2012. This puts it in the smallest 30% of semi-detached houses houses in Kesgrave, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Kesgrave, and where 24 MICHIGAN CLOSE lies on this distribution: 22% of semi-detached houses houses are smaller than 24 MICHIGAN CLOSE, and 77% of houses are larger. Note that EPC data is not available for all properties in Kesgrave.

24 MICHIGAN CLOSE: Plot and Title Map

24 MICHIGAN CLOSE sits on a plot of roughly 0.135 of an acre, or 548m². The below map shows the location of 24 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 24 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 24 MICHIGAN CLOSE?

24 MICHIGAN CLOSE is located in KESGRAVE, in the IP5 postcode district. The below map shows the position of No. 24 on MICHIGAN CLOSE.