21, SPENCER WAY, STOWMARKET, IP14 1UB - £192,500

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

21 SPENCER WAY is a very small extended detached house of 78m², built sometime between 1983 and 1990. It was last sold for £192,500 in May 2013, which was around 25% below the average May 2013 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was November 2021, where the current energy rating was C, and the potential energy rating was B.

21 SPENCER WAY Sold Prices

Land registry data shows three sales for 21 SPENCER WAY 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 21 SPENCER WAY 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
2013 15 MAY	£192,500	£255,389	25% below HPI
2011 7 SEP	£173,000	£255,130	32% below HPI
2007 26 NOV	£185,000	£279,161	34% below HPI

21 SPENCER WAY 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 21 SPENCER WAY sales between November 2007 and May 2013 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 2011 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the May 2013 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 21 SPENCER WAY?

21 SPENCER WAY is 78m², which includes one extension, according to the EPC inspection conducted in November 2021. This puts it in the smallest 20% of detached houses in Stowmarket, based on EPC data. The below chart shows the distribution of detached houses by size in Stowmarket, and where 21 SPENCER WAY lies on this distribution: 17% of detached houses are smaller than 21 SPENCER WAY, and 81% of houses are larger. Note that EPC data is not available for all properties in Stowmarket.

21 SPENCER WAY: Plot and Title Map

21 SPENCER WAY sits on a plot of roughly 0.057 of an acre, or 233m². The below map shows the location of 21 SPENCER WAY, 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 21 SPENCER WAY). 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 21 SPENCER WAY?

21 SPENCER WAY is located in STOWMARKET, in the IP14 postcode district. The below map shows the position of No. 21 on SPENCER WAY.