2, Drake Close
2, Drake Close
Description & Estimates
2, Drake Close, Saxmundham is recorded publicly as a modern freehold house across 678 ft2 of internal area, sitting on a 176 m2 plot.
Locally, houses of this size normally have 3 bedrooms with a garden.
Our estimate of the sale value of 2, Drake Close, Saxmundham is £234,176 and its rental estimate is £1,195 per month, given the available information and assuming reasonable condition.
Drake Close, Saxmundham, IP17 falls within the IP17 postal district, in the borough of East Suffolk.
Our Data Sources
2, Drake Close, Saxmundham has 2 entries in the Land Registry , most recently in June 2019 and a single entry in the EPC database dated December 2015.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 out of 5 and is considered of high accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 2, Drake Close, Saxmundham, we estimate a market value of £245,884 and a rental value of £1,254 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £217,783 and £1,111 per month respectively.
Recent Market Change
Over the last year, 2, Drake Close, Saxmundham has seen its estimated sale value move down by £10,183 (4.3%) and its estimated rental value increase by £35 per month (2.9%). This results in an estimated gross rental yield of 6.1%.
Plot Size
HM Land Registry records the plot of land for 2, Drake Close, Saxmundham as measuring 176 m2.
That makes it the 4th largest plot in the postcode, where 7 of the 15 other houses have recorded plot data.
Energy Efficiency
2, Drake Close, Saxmundham has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 07 Dec 2015.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of 2, Drake Close, Saxmundham completed on 25th June 2019 at £202,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold twice.
Values of comparable properties have risen by 49.7% over the period since June 2019.
- Sold Jun 2019£202,000
- Sold Dec 2015£174,995
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 2, Drake Close, Saxmundham have sold within a radius of 1.2 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 14th October 2024, was 47, Montagu Drive, Saxmundham, IP17 1FL, a freehold house which sold for £260,000.
Read more about house prices in IP17.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 15 addresses on Drake Close, Saxmundham, IP17, 2, Drake Close, Saxmundham comes out as the 12th largest and the 12th most expensive in our analysis of the public data.
It is also £121k less expensive than the average property across the IP17 district.
More reading links
Schools Nearby
- 700mSaxmundham Primary School
- 1.6kmKelsale Church of England Voluntary Controlled Primary School
- 1.8kmBenhall St Mary's Church of England Primary School
- 7.4kmAlde Valley Academy
- 10.3kmThomas Mills High School & Sixth Form
- 17.4kmFarlingaye High School
More reading links
Public Transport Nearby
From 2, Drake Close, Saxmundham, the nearest station is Saxmundham, 800 metres away.
- 800mSaxmundham
- 7.2kmDarsham
- 8.9kmWickham Market
Available Internet Speeds
Internet coverage here is poor, based on recent Ofcom data, and connectivity may be weak or unavailable.
According to recent data from Ofcom, Slow/none broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
