2, MILDEN CLOSE, STOWMARKET, IP14 2RF - £278,000

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

2 MILDEN CLOSE is a very small detached house of 77m², built sometime between 1991 and 1995, which could now be worth an estimated £272,237. It was last sold for £278,000 in November 2024, which was around 38% below the average November 2024 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was March 2019, where the current energy rating was C, and the potential energy rating was B.

2 MILDEN CLOSE Sold Prices

Land registry data shows three sales for 2 MILDEN CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Mid Suffolk local authority area for the corresponding sale date. All of the three 2 MILDEN 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
2024 25 NOV	£278,000	£450,510	38% below HPI
2019 31 MAY	£228,000	£372,707	39% below HPI
1997 29 AUG	£58,500	£91,855	36% below HPI

2 MILDEN 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 three 2 MILDEN CLOSE sales between August 1997 and November 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 May 2019 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the November 2024 sale, where it rises to 38% below the HPI. The line then continues to track at 38% below the HPI.

What might 2 MILDEN CLOSE be worth now?

2 MILDEN CLOSE might now be worth an estimated £272,237.

This is based on house price deflation of 2.1%, between November 2024 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 2.1% deflationary decrease is applied to the most recent sale price for 2 MILDEN CLOSE of £278,000 on 25th November 2024. For the value to have decreased from £278,000 to £272,237 over the eleven months to December 2024, the following assumptions must hold true:

• The value of 2 MILDEN CLOSE has moved in line with the HPI for detached houses in the Mid Suffolk local authority area.
• The November 2024 sale price of £278,000 represented a fair market value for the property.
• The size, condition, and specification of 2 MILDEN CLOSE has not materially changed since November 2024.

How Large is 2 MILDEN CLOSE?

2 MILDEN CLOSE is 77m² according to the EPC inspection conducted in March 2019. 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 2 MILDEN CLOSE lies on this distribution: 16% of detached houses houses are smaller than 2 MILDEN CLOSE, and 83% of houses are larger. Note that EPC data is not available for all properties in Stowmarket.

2 MILDEN CLOSE: Plot and Title Map

2 MILDEN CLOSE sits on a plot of roughly 0.045 of an acre, or 182m². The below map shows the location of 2 MILDEN 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 2 MILDEN 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 2 MILDEN CLOSE?

2 MILDEN CLOSE is located in STOWMARKET, in the IP14 postcode district. The below map shows the position of No. 2 on MILDEN CLOSE.