2, MEADWAY, MENDLESHAM, STOWMARKET, IP14 5SJ - £225,000

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

2 MEADWAY is a very small detached house of 66m², built sometime between 1950 and 1966. It was last sold for £225,000 in July 2015, which was around 24% below the average July 2015 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was February 2014, where the current energy rating was D, and the potential energy rating was B.

2 MEADWAY Sold Prices

Land registry data shows two sales for 2 MEADWAY 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 2 MEADWAY 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
2015 28 JUL	£225,000	£297,484	24% below HPI
2005 16 DEC	£142,500	£235,595	40% below HPI

2 MEADWAY 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 2 MEADWAY sales from December 2005 and July 2015 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 December 2005 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the July 2015 sale, where it rises to 24% below the HPI. The line then continues to track at 24% below the HPI.

How Large is 2 MEADWAY?

2 MEADWAY is 66m² according to the EPC inspection conducted in February 2014. This puts it in the smallest 10% of detached houses in Mendlesham, based on EPC data. The below chart shows the distribution of detached houses by size in Mendlesham, and where 2 MEADWAY lies on this distribution: 8% of detached houses are smaller than 2 MEADWAY, and 92% of houses are larger. Note that EPC data is not available for all properties in Mendlesham.

2 MEADWAY: Plot and Title Map

2 MEADWAY sits on a plot of roughly 0.139 of an acre, or 564m². The below map shows the location of 2 MEADWAY, 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 2 MEADWAY). 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 2 MEADWAY?

2 MEADWAY is located in MENDLESHAM, in the IP14 postcode district. The below map shows the position of No. 2 on MEADWAY.