13, BURES CLOSE, STOWMARKET, IP14 2PL - £247,500

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.

13 BURES CLOSE is a midsized detached house of 98m², built sometime between 1976 and 1982, which could now be worth an estimated £297,853. It was last sold for £247,500 in August 2019, which was around 35% below the average August 2019 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was July 2019, where the current energy rating was D, and the potential energy rating was B.

13 BURES CLOSE Sold Prices

Land registry data shows three sales for 13 BURES 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 13 BURES 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
2019 30 AUG	£247,500	£378,768	35% below HPI
2012 4 MAY	£171,000	£260,668	34% below HPI
1996 28 MAR	£72,500	£80,811	10% below HPI

13 BURES 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 13 BURES CLOSE sales between March 1996 and August 2019 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 2012 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the August 2019 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

What might 13 BURES CLOSE be worth now?

13 BURES CLOSE might now be worth an estimated £297,853.

This is based on house price inflation of 20.3%, between August 2019 and February 2025, 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 20.3% inflationary increase is applied to the most recent sale price for 13 BURES CLOSE of £247,500 on 30th August 2019. For the value to have increased from £247,500 to £297,853 over the six years and six months to February 2025, the following assumptions must hold true:

• The value of 13 BURES CLOSE has moved in line with the HPI for detached houses in the Mid Suffolk local authority area.
• The August 2019 sale price of £247,500 represented a fair market value for the property.
• The size, condition, and specification of 13 BURES CLOSE has not materially changed since August 2019.

How Large is 13 BURES CLOSE?

13 BURES CLOSE is 98m² according to the EPC inspection conducted in July 2019. This puts it in the smallest 50% 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 13 BURES CLOSE lies on this distribution: 47% of detached houses houses are smaller than 13 BURES CLOSE, and 52% of houses are larger. Note that EPC data is not available for all properties in Stowmarket.

13 BURES CLOSE: Plot and Title Map

13 BURES CLOSE sits on a plot of roughly 0.067 of an acre, or 271m². The below map shows the location of 13 BURES 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 13 BURES 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 13 BURES CLOSE?

13 BURES CLOSE is located in STOWMARKET, in the IP14 postcode district. The below map shows the position of No. 13 on BURES CLOSE.