3, HERVEY CLOSE, SHOTLEY GATE, IPSWICH, IP9 1RR - £160,000

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 HERVEY CLOSE is a very small detached house of 67m², built sometime between 1996 and 2002, which could now be worth an estimated £217,716. It was last sold for £160,000 in December 2015, which was around 56% below the average December 2015 detached price in the Babergh local authority area. The most recent EPC inspection was February 2009, where the current energy rating was E, and the potential energy rating was D.

3 HERVEY CLOSE Sold Prices

Land registry data shows four sales for 3 HERVEY CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Babergh local authority area for the corresponding sale date. All of the four 3 HERVEY CLOSE 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
2015 17 DEC	£160,000	£360,124	56% below HPI
2005 21 DEC	£150,000	£257,251	42% below HPI
1998 2 SEP	£52,000	£107,525	52% below HPI
1995 11 AUG	£46,000	£83,730	45% below HPI

3 HERVEY CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Babergh local authority area over time, sourced from the HPI. The four 3 HERVEY CLOSE sales between August 1995 and December 2015 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 2005 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the December 2015 sale, where it falls to 56% below the HPI. The line then continues to track at 56% below the HPI.

What might 3 HERVEY CLOSE be worth now?

3 HERVEY CLOSE might now be worth an estimated £217,716.

This is based on house price inflation of 36.1%, between December 2015 and June 2025, for detached houses, in the Babergh local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 36.1% inflationary increase is applied to the most recent sale price for 3 HERVEY CLOSE of £160,000 on 17th December 2015. For the value to have increased from £160,000 to £217,716 over the ten years and six months to June 2025, the following assumptions must hold true:

• The value of 3 HERVEY CLOSE has moved in line with the HPI for detached houses in the Babergh local authority area.
• The December 2015 sale price of £160,000 represented a fair market value for the property.
• The size, condition, and specification of 3 HERVEY CLOSE has not materially changed since December 2015.

How Large is 3 HERVEY CLOSE?

3 HERVEY CLOSE is 67m² according to the EPC inspection conducted in February 2009. This puts it in the smallest 10% of detached houses houses in Shotley Gate, based on EPC data. The below chart shows the distribution of detached houses houses by size in Shotley Gate, and where 3 HERVEY CLOSE lies on this distribution: 5% of detached houses houses are smaller than 3 HERVEY CLOSE, and 95% of houses are larger. Note that EPC data is not available for all properties in Shotley Gate.

3 HERVEY CLOSE: Plot and Title Map

3 HERVEY CLOSE sits on a plot of roughly 0.062 of an acre, or 251m². The below map shows the location of 3 HERVEY 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 3 HERVEY 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 3 HERVEY CLOSE?

3 HERVEY CLOSE is located in SHOTLEY GATE, in the IP9 postcode district. The below map shows the position of No. 3 on HERVEY CLOSE.