18, SPENCER WAY, STOWMARKET, IP14 1UB - £192,000

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

18 SPENCER WAY is a midsized extended detached house of 106m², built sometime between 1983 and 1990. It was last sold for £192,000 in January 2014, which was around 30% below the average January 2014 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was October 2012, where the current energy rating was C, and the potential energy rating was B.

18 SPENCER WAY Sold Prices

Land registry data shows two sales for 18 SPENCER WAY 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 18 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
2014 31 JAN	£192,000	£275,529	30% below HPI
2007 30 MAR	£212,000	£260,720	19% below HPI

18 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 two 18 SPENCER WAY sales from March 2007 and January 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 March 2007 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the January 2014 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is 18 SPENCER WAY?

18 SPENCER WAY is 106m², which includes two extensions, according to the EPC inspection conducted in October 2012. This puts it in the largest 50% of detached houses in Stowmarket, based on EPC data. The below chart shows the distribution of detached houses by size in Stowmarket, and where 18 SPENCER WAY lies on this distribution: 56% of detached houses are smaller than 18 SPENCER WAY, and 43% of houses are larger. Note that EPC data is not available for all properties in Stowmarket.

18 SPENCER WAY: Plot and Title Map

18 SPENCER WAY sits on a plot of roughly 0.071 of an acre, or 287m². The below map shows the location of 18 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 18 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 18 SPENCER WAY?

18 SPENCER WAY is located in STOWMARKET, in the IP14 postcode district. The below map shows the position of No. 18 on SPENCER WAY.