2, WHEELWRIGHT CLOSE, COMBS, STOWMARKET, IP14 2FH - £345,000

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 WHEELWRIGHT CLOSE is a very small detached house of 79m². It was last sold for £345,000 in June 2024, which was around 19% below the average June 2024 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was August 2019, where the current energy rating was B, and the potential energy rating was A.

2 WHEELWRIGHT CLOSE Sold Prices

Land registry data shows two sales for 2 WHEELWRIGHT 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 WHEELWRIGHT 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 19 JUN	£345,000	£424,174	19% below HPI
2019 20 SEP	£295,000	£385,683	24% below HPI

2 WHEELWRIGHT 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 WHEELWRIGHT CLOSE sales from September 2019 and June 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 September 2019 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the June 2024 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might 2 WHEELWRIGHT CLOSE be worth now?

2 WHEELWRIGHT CLOSE might now be worth an estimated £358,824.

This is based on house price inflation of 4%, between June 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 4% inflationary increase is applied to the most recent sale price for 2 WHEELWRIGHT CLOSE of £345,000 on 19th June 2024. For the value to have increased from £345,000 to £358,824 over the six months to December 2024, the following assumptions must hold true:

• The value of 2 WHEELWRIGHT CLOSE has moved in line with the HPI for detached houses in the Mid Suffolk local authority area.
• The June 2024 sale price of £345,000 represented a fair market value for the property.
• The size, condition, and specification of 2 WHEELWRIGHT CLOSE has not materially changed since June 2024.

How Large is 2 WHEELWRIGHT CLOSE?

2 WHEELWRIGHT CLOSE is 79m² according to the EPC inspection conducted in August 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 WHEELWRIGHT CLOSE lies on this distribution: 19% of detached houses houses are smaller than 2 WHEELWRIGHT CLOSE, and 79% of houses are larger. Note that EPC data is not available for all properties in Stowmarket.

2 WHEELWRIGHT CLOSE: Plot and Title Map

2 WHEELWRIGHT CLOSE sits on a plot of roughly 7.1 acres, or 28,631m². The below map shows the location of 2 WHEELWRIGHT 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 WHEELWRIGHT 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 WHEELWRIGHT CLOSE?

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