142, SPENCER WAY, STOWMARKET, IP14 1UQ - £295,000

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

142 SPENCER WAY is a very small extended detached house of 79m², built sometime between 1996 and 2002. It was last sold for £295,000 in June 2024, which was around 30% below the average June 2024 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was February 2020, where the current energy rating was C, and the potential energy rating was B.

142 SPENCER WAY Sold Prices

Land registry data shows four sales for 142 SPENCER WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Mid Suffolk local authority area for the corresponding sale date. All of the four 142 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
2024 20 JUN	£295,000	£422,670	30% below HPI
2021 10 SEP	£250,000	£389,810	36% below HPI
2007 25 JUL	£174,995	£265,489	34% below HPI
1998 12 OCT	£78,995	£101,611	22% below HPI

142 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 four 142 SPENCER WAY sales between October 1998 and June 2024 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 September 2021 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the June 2024 sale, where it rises to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is 142 SPENCER WAY?

142 SPENCER WAY is 79m², which includes one extension, according to the EPC inspection conducted in February 2020. 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 142 SPENCER WAY lies on this distribution: 19% of detached houses are smaller than 142 SPENCER WAY, and 79% of houses are larger. Note that EPC data is not available for all properties in Stowmarket.

142 SPENCER WAY: Plot and Title Map

142 SPENCER WAY sits on a plot of roughly 0.099 of an acre, or 401m². The below map shows the location of 142 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 142 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 142 SPENCER WAY?

142 SPENCER WAY is located in STOWMARKET, in the IP14 postcode district. The below map shows the position of No. 142 on SPENCER WAY.