24, NEEDHAM ROAD, STOWMARKET, IP14 2AN - £425,000

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

24 NEEDHAM ROAD is a large extended detached house of 111m², built sometime between 1900 and 1929. It was last sold for £425,000 in June 2024, which was around 1% above the average June 2024 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was August 2021, where the current energy rating was E, and the potential energy rating was C.

24 NEEDHAM ROAD Sold Prices

Land registry data shows two sales for 24 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. One of the two 24 NEEDHAM ROAD sales was for above the average price, whilst the other was 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
2024 28 JUN	£425,000	£422,567	1% above HPI
2010 18 NOV	£209,000	£256,172	18% below HPI

24 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 24 NEEDHAM ROAD sales from November 2010 and June 2024 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 November 2010 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the June 2024 sale, where it rises to 1% above the HPI. The line then continues to track at 1% above the HPI.

How Large is 24 NEEDHAM ROAD?

24 NEEDHAM ROAD is 111m², which includes one extension, according to the EPC inspection conducted in August 2021. This puts it in the largest 40% of detached houses in Stowmarket, based on EPC data. The below chart shows the distribution of detached houses by size in Stowmarket, and where 24 NEEDHAM ROAD lies on this distribution: 62% of detached houses are smaller than 24 NEEDHAM ROAD, and 37% of houses are larger. Note that EPC data is not available for all properties in Stowmarket.

24 NEEDHAM ROAD: Plot and Title Map

24 NEEDHAM ROAD sits on a plot of roughly 0.267 of an acre, or 1,079m². The below map shows the location of 24 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 24 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 24 NEEDHAM ROAD?

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