12, PRIESTLY CLOSE, STOWMARKET, IP14 1UJ - £169,250

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 PRIESTLY CLOSE is a very small detached house of 76m², built sometime between 1976 and 1982. It was last sold for £169,250 in February 2007, which was around 36% below the average February 2007 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was September 2016, where the current energy rating was E, and the potential energy rating was B.

12 PRIESTLY CLOSE Sold Prices

Land registry data shows two sales for 12 PRIESTLY 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 12 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
2007 9 FEB	£169,250	£262,713	36% below HPI
2002 12 AUG	£138,950	£187,099	26% below HPI

12 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 two 12 PRIESTLY CLOSE sales from August 2002 and February 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 August 2002 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the February 2007 sale, where it falls to 36% below the HPI. The line then continues to track at 36% below the HPI.

What might 12 PRIESTLY CLOSE be worth now?

12 PRIESTLY CLOSE might now be worth an estimated £284,220.

This is based on house price inflation of 67.9%, between February 2007 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 67.9% inflationary increase is applied to the most recent sale price for 12 PRIESTLY CLOSE of £169,250 on 9th February 2007. For the value to have increased from £169,250 to £284,220 over the sixteen years and two months to December 2024, the following assumptions must hold true:

• The value of 12 PRIESTLY CLOSE has moved in line with the HPI for detached houses in the Mid Suffolk local authority area.
• The February 2007 sale price of £169,250 represented a fair market value for the property.
• The size, condition, and specification of 12 PRIESTLY CLOSE has not materially changed since February 2007.

How Large is 12 PRIESTLY CLOSE?

12 PRIESTLY CLOSE is 76m² according to the EPC inspection conducted in September 2016. This puts it in the smallest 20% 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 PRIESTLY CLOSE lies on this distribution: 15% of detached houses houses are smaller than 12 PRIESTLY CLOSE, and 85% of houses are larger. Note that EPC data is not available for all properties in Stowmarket.

12 PRIESTLY CLOSE: Plot and Title Map

12 PRIESTLY CLOSE sits on a plot of roughly 0.080 of an acre, or 325m². The below map shows the location of 12 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 12 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 12 PRIESTLY CLOSE?

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