12, LARK CLOSE, STOWMARKET, IP14 5QW - £312,000

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

12 LARK CLOSE is a small detached house of 91m², built sometime between 2003 and 2006. It was last sold for £312,000 in September 2022, which was around 30% below the average September 2022 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was March 2016, where the current energy rating was C, and the potential energy rating was B.

12 LARK CLOSE Sold Prices

Land registry data shows three sales for 12 LARK 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 12 LARK 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
2022 16 SEP	£312,000	£448,906	30% below HPI
2016 15 JUL	£212,000	£340,803	38% below HPI
2003 27 JUN	£149,995	£202,517	26% below HPI

12 LARK 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 12 LARK CLOSE sales between June 2003 and September 2022 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 July 2016 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the September 2022 sale, where it rises to 30% below the HPI. The line then continues to track at 30% below the HPI.

What might 12 LARK CLOSE be worth now?

12 LARK CLOSE might now be worth an estimated £306,624.

This is based on house price deflation of 1.7%, between September 2022 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 1.7% deflationary decrease is applied to the most recent sale price for 12 LARK CLOSE of £312,000 on 16th September 2022. For the value to have decreased from £312,000 to £306,624 over the one year and nine months to December 2024, the following assumptions must hold true:

• The value of 12 LARK CLOSE has moved in line with the HPI for detached houses in the Mid Suffolk local authority area.
• The September 2022 sale price of £312,000 represented a fair market value for the property.
• The size, condition, and specification of 12 LARK CLOSE has not materially changed since September 2022.

How Large is 12 LARK CLOSE?

12 LARK CLOSE is 91m² according to the EPC inspection conducted in March 2016. This puts it in the smallest 40% 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 12 LARK CLOSE lies on this distribution: 40% of detached houses houses are smaller than 12 LARK CLOSE, and 59% of houses are larger. Note that EPC data is not available for all properties in Stowmarket.

12 LARK CLOSE: Plot and Title Map

12 LARK CLOSE sits on a plot of roughly 0.056 of an acre, or 226m². The below map shows the location of 12 LARK 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 12 LARK 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 12 LARK CLOSE?

12 LARK CLOSE is located in STOWMARKET, in the IP14 postcode district. The below map shows the position of No. 12 on LARK CLOSE.