3, BRIGHTS WALK, KESGRAVE, IPSWICH, IP5 2ED - £235,000

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.

3 BRIGHTS WALK is a very small terraced house of 64m², built sometime between 1991 and 1995, which could now be worth an estimated £255,495. It was last sold for £235,000 in June 2021, which was around 22% above the average June 2021 terraced price in the East Suffolk local authority area. The most recent EPC inspection was September 2009, where the current energy rating was C, and the potential energy rating was C.

3 BRIGHTS WALK Sold Prices

Land registry data shows six sales for 3 BRIGHTS WALK since 1^st January 1995. The below table shows the price paid for the six sales, along with the average terraced price in the East Suffolk local authority area for the corresponding sale date. All of the six 3 BRIGHTS WALK 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 4 JUN	£235,000	£193,404	22% above HPI
2016 1 JUL	£210,000	£151,166	39% above HPI
2009 6 NOV	£159,995	£120,528	33% above HPI
2004 25 JUN	£146,995	£104,107	41% above HPI
2003 24 OCT	£127,000	£90,677	40% above HPI
2000 18 FEB	£84,995	£45,670	86% above HPI

3 BRIGHTS WALK 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 six 3 BRIGHTS WALK sales between February 2000 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 July 2016 sale was for 39% above the HPI. So the extrapolation line tracks at 39% above the HPI over time, until the June 2021 sale, where it falls to 22% above the HPI. The line then continues to track at 22% above the HPI.

What might 3 BRIGHTS WALK be worth now?

3 BRIGHTS WALK might now be worth an estimated £255,495.

This is based on house price inflation of 8.7%, between June 2021 and June 2025, 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 8.7% inflationary increase is applied to the most recent sale price for 3 BRIGHTS WALK of £235,000 on 4th June 2021. For the value to have increased from £235,000 to £255,495 over the four years to June 2025, the following assumptions must hold true:

• The value of 3 BRIGHTS WALK has moved in line with the HPI for terraced houses in the East Suffolk local authority area.
• The June 2021 sale price of £235,000 represented a fair market value for the property.
• The size, condition, and specification of 3 BRIGHTS WALK has not materially changed since June 2021.

How Large is 3 BRIGHTS WALK?

3 BRIGHTS WALK is 64m² according to the EPC inspection conducted in September 2009. This puts it in the smallest 10% of terraced houses houses in Kesgrave, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Kesgrave, and where 3 BRIGHTS WALK lies on this distribution: 3% of terraced houses houses are smaller than 3 BRIGHTS WALK, and 97% of houses are larger. Note that EPC data is not available for all properties in Kesgrave.

3 BRIGHTS WALK: Plot and Title Map

3 BRIGHTS WALK sits on a plot of roughly 0.026 of an acre, or 104m². The below map shows the location of 3 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 3 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 3 BRIGHTS WALK?

3 BRIGHTS WALK is located in KESGRAVE, in the IP5 postcode district. The below map shows the position of No. 3 on BRIGHTS WALK.