24, BINYON CLOSE, STOWMARKET, IP14 1UU - £265,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

24 BINYON CLOSE is a large semi-detached house of 110m², which could now be worth an estimated £325,916. It was last sold for £265,000 in September 2018, which was around 11% above the average September 2018 semi-detached price in the Mid Suffolk local authority area. The most recent EPC inspection was May 2016, where the current energy rating was B, and the potential energy rating was A.

24 BINYON CLOSE Sold Prices

Land registry data shows two sales for 24 BINYON CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Mid Suffolk local authority area for the corresponding sale date. Both of the two 24 BINYON CLOSE sales were for above 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
2018 6 SEP	£265,000	£238,132	11% above HPI
2016 30 JUN	£244,995	£213,785	15% above HPI

24 BINYON CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Mid Suffolk local authority area over time, sourced from the HPI. The two 24 BINYON CLOSE sales from June 2016 and September 2018 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 June 2016 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the September 2018 sale, where it falls to 11% above the HPI. The line then continues to track at 11% above the HPI.

What might 24 BINYON CLOSE be worth now?

24 BINYON CLOSE might now be worth an estimated £325,916.

This is based on house price inflation of 23%, between September 2018 and March 2025, for semi-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 23% inflationary increase is applied to the most recent sale price for 24 BINYON CLOSE of £265,000 on 6th September 2018. For the value to have increased from £265,000 to £325,916 over the seven years and six months to March 2025, the following assumptions must hold true:

• The value of 24 BINYON CLOSE has moved in line with the HPI for semi-detached houses in the Mid Suffolk local authority area.
• The September 2018 sale price of £265,000 represented a fair market value for the property.
• The size, condition, and specification of 24 BINYON CLOSE has not materially changed since September 2018.

How Large is 24 BINYON CLOSE?

24 BINYON CLOSE is 110m² according to the EPC inspection conducted in May 2016. This puts it in the largest 40% of semi-detached houses houses in Stowmarket, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Stowmarket, and where 24 BINYON CLOSE lies on this distribution: 61% of semi-detached houses houses are smaller than 24 BINYON CLOSE, and 38% of houses are larger. Note that EPC data is not available for all properties in Stowmarket.

24 BINYON CLOSE: Plot and Title Map

24 BINYON CLOSE sits on a plot of roughly 0.056 of an acre, or 227m². The below map shows the location of 24 BINYON 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 24 BINYON 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 24 BINYON CLOSE?

24 BINYON CLOSE is located in STOWMARKET, in the IP14 postcode district. The below map shows the position of No. 24 on BINYON CLOSE.