11, LOCK CLOSE, DEBENHAM, STOWMARKET, IP14 6RS - £305,000

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

11 LOCK CLOSE is a small extended detached house of 93m², built sometime between 1950 and 1966. It was last sold for £305,000 in October 2023, which was around 28% below the average October 2023 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was May 2023, where the current energy rating was D, and the potential energy rating was C.

11 LOCK CLOSE Sold Prices

Land registry data shows two sales for 11 LOCK 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 11 LOCK 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
2023 26 OCT	£305,000	£422,854	28% below HPI
1997 22 MAY	£46,000	£83,085	45% below HPI

11 LOCK 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 11 LOCK CLOSE sales from May 1997 and October 2023 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 May 1997 sale was for 45% below the HPI. So the extrapolation line tracks at 45% below the HPI over time, until the October 2023 sale, where it rises to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is 11 LOCK CLOSE?

11 LOCK CLOSE is 93m², which includes two extensions, according to the EPC inspection conducted in May 2023. This puts it in the smallest 40% of detached houses in Debenham, based on EPC data. The below chart shows the distribution of detached houses by size in Debenham, and where 11 LOCK CLOSE lies on this distribution: 31% of detached houses are smaller than 11 LOCK CLOSE, and 68% of houses are larger. Note that EPC data is not available for all properties in Debenham.

11 LOCK CLOSE: Plot and Title Map

11 LOCK CLOSE sits on a plot of roughly 0.073 of an acre, or 296m². The below map shows the location of 11 LOCK 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 11 LOCK 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 11 LOCK CLOSE?

11 LOCK CLOSE is located in DEBENHAM, in the IP14 postcode district. The below map shows the position of No. 11 on LOCK CLOSE.