38, SURREY CLOSE, FRAMLINGHAM, WOODBRIDGE, IP13 9SJ - £172,500

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.

38 SURREY CLOSE is a very small terraced house of 54m², built sometime between 1976 and 1982, which could now be worth an estimated £210,434. It was last sold for £172,500 in September 2018, which was around 2% above the average September 2018 terraced price in the East Suffolk local authority area. The most recent EPC inspection was August 2012, where the current energy rating was C, and the potential energy rating was B.

38 SURREY CLOSE Sold Prices

Land registry data shows two sales for 38 SURREY CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the East Suffolk local authority area for the corresponding sale date. Both of the two 38 SURREY 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
2018 28 SEP	£172,500	£169,379	2% above HPI
1996 21 JUN	£40,500	£34,658	17% above HPI

38 SURREY CLOSE 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 two 38 SURREY CLOSE sales from June 1996 and September 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 June 1996 sale was for 17% above the HPI. So the extrapolation line tracks at 17% above the HPI over time, until the September 2018 sale, where it falls to 2% above the HPI. The line then continues to track at 2% above the HPI.

What might 38 SURREY CLOSE be worth now?

38 SURREY CLOSE might now be worth an estimated £210,434.

This is based on house price inflation of 22%, between September 2018 and May 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 22% inflationary increase is applied to the most recent sale price for 38 SURREY CLOSE of £172,500 on 28th September 2018. For the value to have increased from £172,500 to £210,434 over the eight years and four months to May 2026, the following assumptions must hold true:

• The value of 38 SURREY CLOSE has moved in line with the HPI for terraced houses in the East Suffolk local authority area.
• The September 2018 sale price of £172,500 represented a fair market value for the property.
• The size, condition, and specification of 38 SURREY CLOSE has not materially changed since September 2018.

How Large is 38 SURREY CLOSE?

38 SURREY CLOSE is 54m² according to the EPC inspection conducted in August 2012. This puts it in the smallest 10% 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 38 SURREY CLOSE lies on this distribution: 1% of terraced houses houses are smaller than 38 SURREY CLOSE, and 99% of houses are larger. Note that EPC data is not available for all properties in Framlingham.

38 SURREY CLOSE: Plot and Title Map

38 SURREY CLOSE sits on a plot of roughly 0.023 of an acre, or 92m². The below map shows the location of 38 SURREY 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 38 SURREY 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 38 SURREY CLOSE?

38 SURREY CLOSE is located in FRAMLINGHAM, in the IP13 postcode district. The below map shows the position of No. 38 on SURREY CLOSE.