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

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

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 about 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 roughly equal to 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	£424,174	Close to HPI
2010 18 NOV	£209,000	£262,207	20% 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 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the June 2024 sale, where it rises to roughly the same level as the HPI. The line then continues to track in line with the HPI.

What might 24 NEEDHAM ROAD be worth now?

24 NEEDHAM ROAD might now be worth an estimated £442,030.

This is based on house price inflation of 4%, between June 2024 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 4% inflationary increase is applied to the most recent sale price for 24 NEEDHAM ROAD of £425,000 on 28th June 2024. For the value to have increased from £425,000 to £442,030 over the six months to December 2024, the following assumptions must hold true:

• The value of 24 NEEDHAM ROAD has moved in line with the HPI for detached houses in the Mid Suffolk local authority area.
• The June 2024 sale price of £425,000 represented a fair market value for the property.
• The size, condition, and specification of 24 NEEDHAM ROAD has not materially changed since June 2024.

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 houses in Stowmarket, based on EPC data. The below chart shows the distribution of detached houses houses by size in Stowmarket, and where 24 NEEDHAM ROAD lies on this distribution: 62% of detached houses 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.