28, SPENCER WAY, STOWMARKET, IP14 1UB - £230,000

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

28 SPENCER WAY is a very small detached house of 71m², built sometime between 1996 and 2002. It was last sold for £230,000 in March 2020, which was around 36% below the average March 2020 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was July 2019, where the current energy rating was C, and the potential energy rating was B.

28 SPENCER WAY Sold Prices

Land registry data shows five sales for 28 SPENCER WAY since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Mid Suffolk local authority area for the corresponding sale date. All of the five 28 SPENCER WAY 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
2020 6 MAR	£230,000	£359,318	36% below HPI
2019 13 DEC	£245,000	£370,311	34% below HPI
2004 30 JAN	£143,500	£210,472	32% below HPI
2000 22 NOV	£88,500	£131,223	33% below HPI
1997 29 AUG	£64,500	£89,741	28% below HPI

28 SPENCER WAY 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 five 28 SPENCER WAY sales between August 1997 and March 2020 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 December 2019 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the March 2020 sale, where it falls to 36% below the HPI. The line then continues to track at 36% below the HPI.

How Large is 28 SPENCER WAY?

28 SPENCER WAY is 71m² according to the EPC inspection conducted in July 2019. 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 28 SPENCER WAY lies on this distribution: 10% of detached houses are smaller than 28 SPENCER WAY, and 89% of houses are larger. Note that EPC data is not available for all properties in Stowmarket.

28 SPENCER WAY: Plot and Title Map

28 SPENCER WAY sits on a plot of roughly 0.060 of an acre, or 243m². The below map shows the location of 28 SPENCER WAY, 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 28 SPENCER WAY). 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 28 SPENCER WAY?

28 SPENCER WAY is located in STOWMARKET, in the IP14 postcode district. The below map shows the position of No. 28 on SPENCER WAY.