1, PARK ROAD, WETHERDEN, STOWMARKET, IP14 3JR - £223,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 PARK ROAD is a small extended detached house of 111m², built sometime before 1900. It was last sold for £223,000 in June 2007, which was around 14% below the average June 2007 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was June 2010, where the current energy rating was F, and the potential energy rating was E.

1 PARK ROAD Sold Prices

Land registry data shows two sales for 1 PARK ROAD 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 1 PARK ROAD 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
2007 26 JUN	£223,000	£260,127	14% below HPI
2003 19 DEC	£180,000	£213,044	16% below HPI

1 PARK ROAD 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 1 PARK ROAD sales from December 2003 and June 2007 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 2003 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the June 2007 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

How Large is 1 PARK ROAD?

1 PARK ROAD is 111m², which includes two extensions, according to the EPC inspection conducted in June 2010. This puts it in the smallest 30% of detached houses in Wetherden, based on EPC data. The below chart shows the distribution of detached houses by size in Wetherden, and where 1 PARK ROAD lies on this distribution: 30% of detached houses are smaller than 1 PARK ROAD, and 70% of houses are larger. Note that EPC data is not available for all properties in Wetherden.

1 PARK ROAD: Plot and Title Map

1 PARK ROAD sits on a plot of roughly 0.058 of an acre, or 233m². The below map shows the location of 1 PARK ROAD, 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 1 PARK ROAD). 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 1 PARK ROAD?

1 PARK ROAD is located in WETHERDEN, in the IP14 postcode district. The below map shows the position of No. 1 on PARK ROAD.