22, WELL CLOSE SQUARE, FRAMLINGHAM, WOODBRIDGE, IP13 9DS - £185,000

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.

22 WELL CLOSE SQUARE is a flat, which could now be worth an estimated £243,678. It was last sold for £185,000 in June 2012, which was around 72% above the average June 2012 flat price in the East Suffolk local authority area.

22 WELL CLOSE SQUARE Sold Prices

Land registry data shows two sales for 22 WELL CLOSE SQUARE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average flat price in the East Suffolk local authority area for the corresponding sale date. Both of the two 22 WELL CLOSE SQUARE 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
2012 14 JUN	£185,000	£107,401	72% above HPI
2005 19 JUL	£170,000	£105,855	61% above HPI

What might 22 WELL CLOSE SQUARE be worth now?

22 WELL CLOSE SQUARE might now be worth an estimated £243,678.

This is based on house price inflation of 31.7%, between June 2012 and May 2026, for flats, 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 31.7% inflationary increase is applied to the most recent sale price for 22 WELL CLOSE SQUARE of £185,000 on 14th June 2012. For the value to have increased from £185,000 to £243,678 over the fourteen years and one month to May 2026, the following assumptions must hold true:

• The value of 22 WELL CLOSE SQUARE has moved in line with the HPI for flats in the East Suffolk local authority area.
• The June 2012 sale price of £185,000 represented a fair market value for the property.
• The size, condition, and specification of 22 WELL CLOSE SQUARE has not materially changed since June 2012.

Where is 22 WELL CLOSE SQUARE?

22 WELL CLOSE SQUARE is located in FRAMLINGHAM, in the IP13 postcode district.