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

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

2 MILLERS CLOSE is a very small detached house of 56m², built sometime between 1991 and 1995. It was last sold for £280,000 in December 2022, which was around 37% 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	£446,856	37% below HPI
2001 28 AUG	£86,000	£141,359	39% 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 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the December 2022 sale, where it rises to 37% below the HPI. The line then continues to track at 37% below the HPI.

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 in Stowmarket, based on EPC data. The below chart shows the distribution of detached houses by size in Stowmarket, and where 2 MILLERS CLOSE lies on this distribution: 2% of detached houses are smaller than 2 MILLERS CLOSE, and 97% 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.