7, WESTMINSTER CLOSE, IPSWICH, IP4 5EF - £133,000

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.

7 WESTMINSTER CLOSE is a very small terraced house of 44m², built sometime between 1967 and 1975, which could now be worth an estimated £140,313. It was last sold for £133,000 in December 2021, which was around 31% below the average December 2021 terraced price in the Ipswich local authority area. The most recent EPC inspection was November 2021, where the current energy rating was C, and the potential energy rating was C.

7 WESTMINSTER CLOSE Sold Prices

Land registry data shows four sales for 7 WESTMINSTER CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Ipswich local authority area for the corresponding sale date. All of the four 7 WESTMINSTER 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
2021 22 DEC	£133,000	£193,154	31% below HPI
2012 10 FEB	£77,500	£116,618	34% below HPI
2003 31 JAN	£72,995	£85,540	15% below HPI
1998 2 NOV	£24,000	£41,373	42% below HPI

7 WESTMINSTER CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Ipswich local authority area over time, sourced from the HPI. The four 7 WESTMINSTER CLOSE sales between November 1998 and December 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 February 2012 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the December 2021 sale, where it rises to 31% below the HPI. The line then continues to track at 31% below the HPI.

What might 7 WESTMINSTER CLOSE be worth now?

7 WESTMINSTER CLOSE might now be worth an estimated £140,313.

This is based on house price inflation of 5.5%, between December 2021 and May 2026, for terraced houses, in the Ipswich local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 5.5% inflationary increase is applied to the most recent sale price for 7 WESTMINSTER CLOSE of £133,000 on 22nd December 2021. For the value to have increased from £133,000 to £140,313 over the five years and seven months to May 2026, the following assumptions must hold true:

• The value of 7 WESTMINSTER CLOSE has moved in line with the HPI for terraced houses in the Ipswich local authority area.
• The December 2021 sale price of £133,000 represented a fair market value for the property.
• The size, condition, and specification of 7 WESTMINSTER CLOSE has not materially changed since December 2021.

How Large is 7 WESTMINSTER CLOSE?

7 WESTMINSTER CLOSE is 44m² according to the EPC inspection conducted in November 2021. This puts it in the smallest 10% of terraced houses houses in Ipswich, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Ipswich, and where 7 WESTMINSTER CLOSE lies on this distribution: Less than 1% of terraced houses houses are smaller than 7 WESTMINSTER CLOSE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Ipswich.

7 WESTMINSTER CLOSE: Plot and Title Map

7 WESTMINSTER CLOSE sits on a plot of roughly 1.3 acres, or 5,326m². The below map shows the location of 7 WESTMINSTER 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 7 WESTMINSTER 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 7 WESTMINSTER CLOSE?

7 WESTMINSTER CLOSE is located in IPSWICH, in the IP4 postcode district. The below map shows the position of No. 7 on WESTMINSTER CLOSE.