2, MILLERS CLOSE, STOWMARKET, IP14 2NR - £280,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

2 MILLERS CLOSE is a very small detached house of 56m², built sometime between 1991 and 1995, which could now be worth an estimated £284,656. It was last sold for £280,000 in December 2022, which was around 39% below the average December 2022 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was March 2022, where the current energy rating was D, and the potential energy rating was B.

2 MILLERS CLOSE Sold Prices

Land registry data shows two sales for 2 MILLERS CLOSE 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 MILLERS 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
2022 12 DEC	£280,000	£457,383	39% below HPI
2001 28 AUG	£86,000	£144,689	41% below HPI

2 MILLERS 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 two 2 MILLERS CLOSE sales from August 2001 and December 2022 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 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the December 2022 sale, where it rises to 39% below the HPI. The line then continues to track at 39% below the HPI.

What might 2 MILLERS CLOSE be worth now?

2 MILLERS CLOSE might now be worth an estimated £284,656.

This is based on house price inflation of 1.7%, between December 2022 and March 2025, 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 1.7% inflationary increase is applied to the most recent sale price for 2 MILLERS CLOSE of £280,000 on 12th December 2022. For the value to have increased from £280,000 to £284,656 over the three years and nine months to March 2025, the following assumptions must hold true:

• The value of 2 MILLERS CLOSE has moved in line with the HPI for detached houses in the Mid Suffolk local authority area.
• The December 2022 sale price of £280,000 represented a fair market value for the property.
• The size, condition, and specification of 2 MILLERS CLOSE has not materially changed since December 2022.

How Large is 2 MILLERS CLOSE?

2 MILLERS CLOSE is 56m² according to the EPC inspection conducted in March 2022. This puts it in the smallest 10% 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 MILLERS CLOSE lies on this distribution: 2% of detached houses houses are smaller than 2 MILLERS CLOSE, and 98% of houses are larger. Note that EPC data is not available for all properties in Stowmarket.

2 MILLERS CLOSE: Plot and Title Map

2 MILLERS CLOSE sits on a plot of roughly 0.064 of an acre, or 259m². The below map shows the location of 2 MILLERS 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 MILLERS 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 MILLERS CLOSE?

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