4, WELBURN CLOSE, RENDLESHAM, WOODBRIDGE, IP12 2UH - £265,000

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.

4 WELBURN CLOSE is a small detached house of 122m², built sometime between 1983 and 1990, which could now be worth an estimated £317,945. It was last sold for £265,000 in May 2019, which was around 22% below the average May 2019 detached price in the East Suffolk local authority area. The most recent EPC inspection was April 2016, where the current energy rating was E, and the potential energy rating was D.

4 WELBURN CLOSE Sold Prices

Land registry data shows three sales for 4 WELBURN CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the East Suffolk local authority area for the corresponding sale date. All of the three 4 WELBURN 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
2019 30 MAY	£265,000	£340,054	22% below HPI
2008 30 MAY	£185,000	£256,416	28% below HPI
2001 15 MAY	£94,500	£129,359	27% below HPI

4 WELBURN CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Suffolk local authority area over time, sourced from the HPI. The three 4 WELBURN CLOSE sales between May 2001 and May 2019 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 May 2008 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the May 2019 sale, where it rises to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might 4 WELBURN CLOSE be worth now?

4 WELBURN CLOSE might now be worth an estimated £317,945.

This is based on house price inflation of 20%, between May 2019 and May 2026, for 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 20% inflationary increase is applied to the most recent sale price for 4 WELBURN CLOSE of £265,000 on 30th May 2019. For the value to have increased from £265,000 to £317,945 over the seven years to May 2026, the following assumptions must hold true:

• The value of 4 WELBURN CLOSE has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The May 2019 sale price of £265,000 represented a fair market value for the property.
• The size, condition, and specification of 4 WELBURN CLOSE has not materially changed since May 2019.

How Large is 4 WELBURN CLOSE?

4 WELBURN CLOSE is 122m² according to the EPC inspection conducted in April 2016. This puts it in the smallest 30% of detached houses houses in Rendlesham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Rendlesham, and where 4 WELBURN CLOSE lies on this distribution: 27% of detached houses houses are smaller than 4 WELBURN CLOSE, and 71% of houses are larger. Note that EPC data is not available for all properties in Rendlesham.

4 WELBURN CLOSE: Plot and Title Map

4 WELBURN CLOSE sits on a plot of roughly 0.080 of an acre, or 324m². The below map shows the location of 4 WELBURN 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 4 WELBURN 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 4 WELBURN CLOSE?

4 WELBURN CLOSE is located in RENDLESHAM, in the IP12 postcode district. The below map shows the position of No. 4 on WELBURN CLOSE.