8, PLATTEN CLOSE, NEEDHAM MARKET, IPSWICH, IP6 8XE - £255,000

8 PLATTEN CLOSE is a very small extended detached house of 75m², built sometime between 1983 and 1990. It was last sold for £255,000 in August 2019, which was around 31% below the average August 2019 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was April 2019, where the current energy rating was C, and the potential energy rating was B.

8 PLATTEN CLOSE Sold Prices

Land registry data shows two sales for 8 PLATTEN CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Mid Suffolk local authority area for the corresponding sale date. Both of the two 8 PLATTEN 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 16 AUG	£255,000	£370,050	31% below HPI
2007 10 AUG	£192,000	£269,567	29% below HPI

8 PLATTEN CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Mid Suffolk local authority area over time, sourced from the HPI. The two 8 PLATTEN CLOSE sales from August 2007 and August 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 August 2007 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the August 2019 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

How Large is 8 PLATTEN CLOSE?

8 PLATTEN CLOSE is 75m², which includes one extension, according to the EPC inspection conducted in April 2019. This puts it in the smallest 20% of detached houses in Needham Market, based on EPC data. The below chart shows the distribution of detached houses by size in Needham Market, and where 8 PLATTEN CLOSE lies on this distribution: 16% of detached houses are smaller than 8 PLATTEN CLOSE, and 84% of houses are larger. Note that EPC data is not available for all properties in Needham Market.

8 PLATTEN CLOSE: Plot and Title Map

8 PLATTEN CLOSE sits on a plot of roughly 0.048 of an acre, or 196m². The below map shows the location of 8 PLATTEN 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 8 PLATTEN 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 8 PLATTEN CLOSE?

8 PLATTEN CLOSE is located in NEEDHAM MARKET, in the IP6 postcode district. The below map shows the position of No. 8 on PLATTEN CLOSE.