7, WADES GROVE, KESGRAVE, IPSWICH, IP5 2EF - £225,500

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.

7 WADES GROVE is a very small detached house of 72m², built sometime between 1996 and 2002, which could now be worth an estimated £266,536. It was last sold for £225,500 in August 2018, which was around 37% below the average August 2018 detached price in the East Suffolk local authority area. The most recent EPC inspection was May 2019, where the current energy rating was D, and the potential energy rating was B.

7 WADES GROVE Sold Prices

Land registry data shows three sales for 7 WADES GROVE 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 7 WADES GROVE 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
2018 22 AUG	£225,500	£357,913	37% below HPI
2002 9 DEC	£122,000	£175,279	30% below HPI
2001 9 MAR	£97,450	£125,650	22% below HPI

7 WADES GROVE 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 7 WADES GROVE sales between March 2001 and August 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 December 2002 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the August 2018 sale, where it falls to 37% below the HPI. The line then continues to track at 37% below the HPI.

What might 7 WADES GROVE be worth now?

7 WADES GROVE might now be worth an estimated £266,536.

This is based on house price inflation of 18.2%, between August 2018 and February 2025, 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 18.2% inflationary increase is applied to the most recent sale price for 7 WADES GROVE of £225,500 on 22nd August 2018. For the value to have increased from £225,500 to £266,536 over the seven years and six months to February 2025, the following assumptions must hold true:

• The value of 7 WADES GROVE has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The August 2018 sale price of £225,500 represented a fair market value for the property.
• The size, condition, and specification of 7 WADES GROVE has not materially changed since August 2018.

How Large is 7 WADES GROVE?

7 WADES GROVE is 72m² according to the EPC inspection conducted in May 2019. This puts it in the smallest 10% of detached houses houses in Kesgrave, based on EPC data. The below chart shows the distribution of detached houses houses by size in Kesgrave, and where 7 WADES GROVE lies on this distribution: 10% of detached houses houses are smaller than 7 WADES GROVE, and 89% of houses are larger. Note that EPC data is not available for all properties in Kesgrave.

7 WADES GROVE: Plot and Title Map

7 WADES GROVE sits on a plot of roughly 0.027 of an acre, or 108m². The below map shows the location of 7 WADES GROVE, 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 7 WADES GROVE). 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 7 WADES GROVE?

7 WADES GROVE is located in KESGRAVE, in the IP5 postcode district. The below map shows the position of No. 7 on WADES GROVE.