22, NEEDHAM ROAD, STOWMARKET, IP14 2AN - £343,000

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

22 NEEDHAM ROAD is a large detached house of 124m², built sometime between 2003 and 2006. It was last sold for £343,000 in March 2022, which was around 19% below the average March 2022 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was June 2016, where the current energy rating was C, and the potential energy rating was B.

22 NEEDHAM ROAD Sold Prices

Land registry data shows two sales for 22 NEEDHAM ROAD 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 22 NEEDHAM ROAD 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 28 MAR	£343,000	£421,851	19% below HPI
2006 14 DEC	£249,700	£258,039	3% below HPI

22 NEEDHAM ROAD 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 22 NEEDHAM ROAD sales from December 2006 and March 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 December 2006 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the March 2022 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is 22 NEEDHAM ROAD?

22 NEEDHAM ROAD is 124m² according to the EPC inspection conducted in June 2016. This puts it in the largest 30% of detached houses in Stowmarket, based on EPC data. The below chart shows the distribution of detached houses by size in Stowmarket, and where 22 NEEDHAM ROAD lies on this distribution: 74% of detached houses are smaller than 22 NEEDHAM ROAD, and 25% of houses are larger. Note that EPC data is not available for all properties in Stowmarket.

22 NEEDHAM ROAD: Plot and Title Map

22 NEEDHAM ROAD sits on a plot of roughly 0.062 of an acre, or 249m². The below map shows the location of 22 NEEDHAM ROAD, 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 22 NEEDHAM ROAD). 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 22 NEEDHAM ROAD?

22 NEEDHAM ROAD is located in STOWMARKET, in the IP14 postcode district. The below map shows the position of No. 22 on NEEDHAM ROAD.