16, MILLFIELD AVENUE, STOWMARKET, IP14 1QZ - £215,000

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

16 MILLFIELD AVENUE is a very small detached house of 73m², built sometime between 1967 and 1975. It was last sold for £215,000 in June 2014, which was around 25% below the average June 2014 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was January 2014, where the current energy rating was D, and the potential energy rating was B.

16 MILLFIELD AVENUE Sold Prices

Land registry data shows two sales for 16 MILLFIELD AVENUE 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 16 MILLFIELD AVENUE 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
2014 16 JUN	£215,000	£287,714	25% below HPI
2001 2 AUG	£109,000	£144,689	25% below HPI

16 MILLFIELD AVENUE 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 16 MILLFIELD AVENUE sales from August 2001 and June 2014 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 2001 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the June 2014 sale, which was also at 25% below the HPI.

What might 16 MILLFIELD AVENUE be worth now?

16 MILLFIELD AVENUE might now be worth an estimated £329,674.

This is based on house price inflation of 53.3%, between June 2014 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 53.3% inflationary increase is applied to the most recent sale price for 16 MILLFIELD AVENUE of £215,000 on 16th June 2014. For the value to have increased from £215,000 to £329,674 over the nine years and six months to December 2024, the following assumptions must hold true:

• The value of 16 MILLFIELD AVENUE has moved in line with the HPI for detached houses in the Mid Suffolk local authority area.
• The June 2014 sale price of £215,000 represented a fair market value for the property.
• The size, condition, and specification of 16 MILLFIELD AVENUE has not materially changed since June 2014.

How Large is 16 MILLFIELD AVENUE?

16 MILLFIELD AVENUE is 73m² according to the EPC inspection conducted in January 2014. 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 16 MILLFIELD AVENUE lies on this distribution: 12% of detached houses houses are smaller than 16 MILLFIELD AVENUE, and 88% of houses are larger. Note that EPC data is not available for all properties in Stowmarket.

16 MILLFIELD AVENUE: Plot and Title Map

16 MILLFIELD AVENUE sits on a plot of roughly 0.113 of an acre, or 458m². The below map shows the location of 16 MILLFIELD AVENUE, 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 16 MILLFIELD AVENUE). 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 16 MILLFIELD AVENUE?

16 MILLFIELD AVENUE is located in STOWMARKET, in the IP14 postcode district. The below map shows the position of No. 16 on MILLFIELD AVENUE.