2, SWIFT DRIVE, STOWMARKET, IP14 5NB - £350,000

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 SWIFT DRIVE is a large detached house of 127m², built sometime between 1996 and 2002. It was last sold for £350,000 in November 2020, which was around 12% below the average November 2020 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was September 2019, where the current energy rating was C, and the potential energy rating was B.

2 SWIFT DRIVE Sold Prices

Land registry data shows three sales for 2 SWIFT DRIVE 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 SWIFT DRIVE 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
2020 20 NOV	£350,000	£397,984	12% below HPI
2007 24 JUL	£245,000	£271,743	10% below HPI
2002 12 DEC	£189,950	£196,979	4% below HPI

2 SWIFT DRIVE 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 SWIFT DRIVE sales between December 2002 and November 2020 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 July 2007 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the November 2020 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might 2 SWIFT DRIVE be worth now?

2 SWIFT DRIVE might now be worth an estimated £387,980.

This is based on house price inflation of 10.9%, between November 2020 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 10.9% inflationary increase is applied to the most recent sale price for 2 SWIFT DRIVE of £350,000 on 20th November 2020. For the value to have increased from £350,000 to £387,980 over the three years and eleven months to December 2024, the following assumptions must hold true:

• The value of 2 SWIFT DRIVE has moved in line with the HPI for detached houses in the Mid Suffolk local authority area.
• The November 2020 sale price of £350,000 represented a fair market value for the property.
• The size, condition, and specification of 2 SWIFT DRIVE has not materially changed since November 2020.

How Large is 2 SWIFT DRIVE?

2 SWIFT DRIVE is 127m² according to the EPC inspection conducted in September 2019. This puts it in the largest 30% 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 SWIFT DRIVE lies on this distribution: 77% of detached houses houses are smaller than 2 SWIFT DRIVE, and 22% of houses are larger. Note that EPC data is not available for all properties in Stowmarket.

2 SWIFT DRIVE: Plot and Title Map

2 SWIFT DRIVE sits on a plot of roughly 0.079 of an acre, or 321m². The below map shows the location of 2 SWIFT DRIVE, 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 SWIFT DRIVE). 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 SWIFT DRIVE?

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