127, SPENCER WAY, STOWMARKET, IP14 1UQ - £232,500

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

127 SPENCER WAY is a very small extended detached house of 73m², built sometime between 1976 and 1982. It was last sold for £232,500 in January 2018, which was around 37% below the average January 2018 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was June 2018, where the current energy rating was C, and the potential energy rating was B.

127 SPENCER WAY Sold Prices

Land registry data shows three sales for 127 SPENCER WAY 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 127 SPENCER WAY 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
2018 31 JAN	£232,500	£369,551	37% below HPI
2004 2 APR	£144,000	£206,426	30% below HPI
1998 30 APR	£69,750	£93,788	26% below HPI

127 SPENCER WAY 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 127 SPENCER WAY sales between April 1998 and January 2018 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 April 2004 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the January 2018 sale, where it falls to 37% below the HPI. The line then continues to track at 37% below the HPI.

How Large is 127 SPENCER WAY?

127 SPENCER WAY is 73m², which includes one extension, according to the EPC inspection conducted in June 2018. This puts it in the smallest 20% of detached houses in Stowmarket, based on EPC data. The below chart shows the distribution of detached houses by size in Stowmarket, and where 127 SPENCER WAY lies on this distribution: 12% of detached houses are smaller than 127 SPENCER WAY, and 87% of houses are larger. Note that EPC data is not available for all properties in Stowmarket.

127 SPENCER WAY: Plot and Title Map

127 SPENCER WAY sits on a plot of roughly 0.043 of an acre, or 176m². The below map shows the location of 127 SPENCER WAY, 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 127 SPENCER WAY). 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 127 SPENCER WAY?

127 SPENCER WAY is located in STOWMARKET, in the IP14 postcode district. The below map shows the position of No. 127 on SPENCER WAY.