1, PRIESTLY CLOSE, STOWMARKET, IP14 1UJ - £250,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

1 PRIESTLY CLOSE is a small extended detached house of 81m², built sometime between 2003 and 2006. It was last sold for £250,000 in August 2021, which was around 37% below the average August 2021 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was June 2017, where the current energy rating was C, and the potential energy rating was B.

1 PRIESTLY CLOSE Sold Prices

Land registry data shows three sales for 1 PRIESTLY CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Mid Suffolk local authority area for the corresponding sale date. All of the three 1 PRIESTLY 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 6 AUG	£250,000	£397,918	37% below HPI
2018 23 MAR	£238,000	£376,029	37% below HPI
2003 16 JUN	£155,000	£202,517	23% below HPI

1 PRIESTLY 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 three 1 PRIESTLY CLOSE sales between June 2003 and August 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 March 2018 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the August 2021 sale, which was also at 37% below the HPI.

What might 1 PRIESTLY CLOSE be worth now?

1 PRIESTLY CLOSE might now be worth an estimated £277,175.

This is based on house price inflation of 10.9%, between August 2021 and December 2024, for detached houses, in the Mid Suffolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 10.9% inflationary increase is applied to the most recent sale price for 1 PRIESTLY CLOSE of £250,000 on 6th August 2021. For the value to have increased from £250,000 to £277,175 over the two years and eight months to December 2024, the following assumptions must hold true:

• The value of 1 PRIESTLY CLOSE has moved in line with the HPI for detached houses in the Mid Suffolk local authority area.
• The August 2021 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 1 PRIESTLY CLOSE has not materially changed since August 2021.

How Large is 1 PRIESTLY CLOSE?

1 PRIESTLY CLOSE is 81m², which includes one extension, according to the EPC inspection conducted in June 2017. This puts it in the smallest 30% of detached houses houses in Stowmarket, based on EPC data. The below chart shows the distribution of detached houses houses by size in Stowmarket, and where 1 PRIESTLY CLOSE lies on this distribution: 23% of detached houses houses are smaller than 1 PRIESTLY CLOSE, and 75% of houses are larger. Note that EPC data is not available for all properties in Stowmarket.

1 PRIESTLY CLOSE: Plot and Title Map

1 PRIESTLY CLOSE sits on a plot of roughly 0.054 of an acre, or 220m². The below map shows the location of 1 PRIESTLY 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 1 PRIESTLY 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 1 PRIESTLY CLOSE?

1 PRIESTLY CLOSE is located in STOWMARKET, in the IP14 postcode district. The below map shows the position of No. 1 on PRIESTLY CLOSE.