16, SOAMES CLOSE, STOWMARKET, IP14 1PA - £255,000

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

16 SOAMES CLOSE is a very small detached house of 64m², built sometime between 1996 and 2002. It was last sold for £255,000 in March 2021, which was around 34% below the average March 2021 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was November 2019, where the current energy rating was B, and the potential energy rating was A.

16 SOAMES CLOSE Sold Prices

Land registry data shows four sales for 16 SOAMES CLOSE 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 16 SOAMES 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
2021 5 MAR	£255,000	£388,004	34% below HPI
2007 16 AUG	£180,000	£269,567	33% below HPI
2002 20 AUG	£136,500	£182,793	25% below HPI
2001 5 APR	£99,950	£128,501	22% below HPI

16 SOAMES 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 four 16 SOAMES CLOSE sales between April 2001 and March 2021 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 2007 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the March 2021 sale, where it falls to 34% below the HPI. The line then continues to track at 34% below the HPI.

How Large is 16 SOAMES CLOSE?

16 SOAMES CLOSE is 64m² according to the EPC inspection conducted in November 2019. This puts it in the smallest 10% of detached houses in Stowmarket, based on EPC data. The below chart shows the distribution of detached houses by size in Stowmarket, and where 16 SOAMES CLOSE lies on this distribution: 6% of detached houses are smaller than 16 SOAMES CLOSE, and 94% of houses are larger. Note that EPC data is not available for all properties in Stowmarket.

16 SOAMES CLOSE: Plot and Title Map

16 SOAMES CLOSE sits on a plot of roughly 0.065 of an acre, or 262m². The below map shows the location of 16 SOAMES 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 16 SOAMES 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 16 SOAMES CLOSE?

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