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

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

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 31% 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	£345,025	31% below HPI
2013 1 MAR	£148,000	£253,917	42% below HPI
2000 20 DEC	£94,500	£128,024	26% 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 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the October 2016 sale, where it rises to 31% below the HPI. The line then continues to track at 31% below the HPI.

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 in Stowmarket, based on EPC data. The below chart shows the distribution of detached houses by size in Stowmarket, and where 22 SOAMES CLOSE lies on this distribution: 13% of detached 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.