2, OTTER CLOSE, STOWMARKET, IP14 2FA - £152,500

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 OTTER CLOSE is a very small semi-detached house of 69m², built sometime between 2003 and 2006. It was last sold for £152,500 in July 2014, which was around 47% below the average July 2014 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was February 2024, where the current energy rating was C, and the potential energy rating was B.

2 OTTER CLOSE Sold Prices

Land registry data shows two sales for 2 OTTER 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 OTTER 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
2014 23 JUL	£152,500	£289,270	47% below HPI
2006 28 APR	£130,000	£236,419	45% below HPI

2 OTTER 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 OTTER CLOSE sales from April 2006 and July 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 April 2006 sale was for 45% below the HPI. So the extrapolation line tracks at 45% below the HPI over time, until the July 2014 sale, where it falls to 47% below the HPI. The line then continues to track at 47% below the HPI.

How Large is 2 OTTER CLOSE?

2 OTTER CLOSE is 69m² according to the EPC inspection conducted in February 2024. 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 OTTER CLOSE lies on this distribution: 9% of detached houses are smaller than 2 OTTER CLOSE, and 91% of houses are larger. Note that EPC data is not available for all properties in Stowmarket.

2 OTTER CLOSE: Plot and Title Map

2 OTTER CLOSE sits on a plot of roughly 0.046 of an acre, or 187m². The below map shows the location of 2 OTTER 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 OTTER 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 OTTER CLOSE?

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