129, SPENCER WAY, STOWMARKET, IP14 1UQ - £245,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

129 SPENCER WAY is a very small semi-detached house of 71m², built sometime between 1996 and 2002, which could now be worth an estimated £260,231. It was last sold for £245,000 in July 2023, which was around 9% below the average July 2023 semi-detached price in the Mid Suffolk local authority area. The most recent EPC inspection was October 2015, where the current energy rating was C, and the potential energy rating was B.

129 SPENCER WAY Sold Prices

Land registry data shows five sales for 129 SPENCER WAY since 1^st January 1995. The below table shows the price paid for the five sales, along with the average semi-detached price in the Mid Suffolk local authority area for the corresponding sale date. All of the five 129 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
2023 19 JUL	£245,000	£267,882	9% below HPI
2021 16 JUL	£222,000	£243,813	9% below HPI
2016 4 MAY	£194,000	£211,963	8% below HPI
2003 8 AUG	£118,000	£128,062	8% below HPI
1999 5 MAR	£61,995	£65,827	6% below HPI

129 SPENCER WAY Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Mid Suffolk local authority area over time, sourced from the HPI. The five 129 SPENCER WAY sales between March 1999 and July 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 July 2021 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the July 2023 sale, which was also at 9% below the HPI.

What might 129 SPENCER WAY be worth now?

129 SPENCER WAY might now be worth an estimated £260,231.

This is based on house price inflation of 6.2%, between July 2023 and February 2025, for semi-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 6.2% inflationary increase is applied to the most recent sale price for 129 SPENCER WAY of £245,000 on 19th July 2023. For the value to have increased from £245,000 to £260,231 over the two years and five months to February 2025, the following assumptions must hold true:

• The value of 129 SPENCER WAY has moved in line with the HPI for semi-detached houses in the Mid Suffolk local authority area.
• The July 2023 sale price of £245,000 represented a fair market value for the property.
• The size, condition, and specification of 129 SPENCER WAY has not materially changed since July 2023.

How Large is 129 SPENCER WAY?

129 SPENCER WAY is 71m² according to the EPC inspection conducted in October 2015. This puts it in the smallest 20% of semi-detached houses houses in Stowmarket, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Stowmarket, and where 129 SPENCER WAY lies on this distribution: 10% of semi-detached houses houses are smaller than 129 SPENCER WAY, and 89% of houses are larger. Note that EPC data is not available for all properties in Stowmarket.

129 SPENCER WAY: Plot and Title Map

129 SPENCER WAY sits on a plot of roughly 0.043 of an acre, or 173m². The below map shows the location of 129 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 129 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 129 SPENCER WAY?

129 SPENCER WAY is located in STOWMARKET, in the IP14 postcode district. The below map shows the position of No. 129 on SPENCER WAY.