22, SOAMES CLOSE, STOWMARKET, IP14 1PA - £237,000

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

22 SOAMES CLOSE is a very small detached house of 74m², built sometime between 1991 and 1995. It was last sold for £237,000 in October 2016, which was around 33% below the average October 2016 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was March 2012, where the current energy rating was D, and the potential energy rating was C.

22 SOAMES CLOSE Sold Prices

Land registry data shows three sales for 22 SOAMES CLOSE 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 22 SOAMES 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
2016 6 OCT	£237,000	£353,153	33% below HPI
2013 1 MAR	£148,000	£259,898	43% below HPI
2000 20 DEC	£94,500	£131,040	28% below HPI

22 SOAMES 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 three 22 SOAMES CLOSE sales between December 2000 and October 2016 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 March 2013 sale was for 43% below the HPI. So the extrapolation line tracks at 43% below the HPI over time, until the October 2016 sale, where it rises to 33% below the HPI. The line then continues to track at 33% below the HPI.

What might 22 SOAMES CLOSE be worth now?

22 SOAMES CLOSE might now be worth an estimated £296,069.

This is based on house price inflation of 24.9%, between October 2016 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 24.9% inflationary increase is applied to the most recent sale price for 22 SOAMES CLOSE of £237,000 on 6th October 2016. For the value to have increased from £237,000 to £296,069 over the seven years and ten months to December 2024, the following assumptions must hold true:

• The value of 22 SOAMES CLOSE has moved in line with the HPI for detached houses in the Mid Suffolk local authority area.
• The October 2016 sale price of £237,000 represented a fair market value for the property.
• The size, condition, and specification of 22 SOAMES CLOSE has not materially changed since October 2016.

How Large is 22 SOAMES CLOSE?

22 SOAMES CLOSE is 74m² according to the EPC inspection conducted in March 2012. 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 22 SOAMES CLOSE lies on this distribution: 13% of detached houses houses are smaller than 22 SOAMES CLOSE, and 87% of houses are larger. Note that EPC data is not available for all properties in Stowmarket.

22 SOAMES CLOSE: Plot and Title Map

22 SOAMES CLOSE sits on a plot of roughly 0.057 of an acre, or 231m². The below map shows the location of 22 SOAMES 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 22 SOAMES 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 22 SOAMES CLOSE?

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