3, REDWING DRIVE, STOWMARKET, IP14 5FN - £249,000

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.

3 REDWING DRIVE is a large detached house of 126m², built sometime between 2003 and 2006, which could now be worth an estimated £443,161. It was last sold for £249,000 in November 2011, which was around 5% below the average November 2011 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was August 2011, where the current energy rating was C, and the potential energy rating was C.

3 REDWING DRIVE Sold Prices

Land registry data shows three sales for 3 REDWING DRIVE 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 3 REDWING DRIVE 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
2011 11 NOV	£249,000	£261,264	5% below HPI
2007 18 OCT	£250,000	£278,916	10% below HPI
2005 16 DEC	£230,000	£241,145	5% below HPI

3 REDWING DRIVE 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 3 REDWING DRIVE sales between December 2005 and November 2011 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 October 2007 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the November 2011 sale, where it rises to 5% below the HPI. The line then continues to track at 5% below the HPI.

What might 3 REDWING DRIVE be worth now?

3 REDWING DRIVE might now be worth an estimated £443,161.

This is based on house price inflation of 78%, between November 2011 and March 2025, 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 78% inflationary increase is applied to the most recent sale price for 3 REDWING DRIVE of £249,000 on 11th November 2011. For the value to have increased from £249,000 to £443,161 over the fourteen years and eight months to March 2025, the following assumptions must hold true:

• The value of 3 REDWING DRIVE has moved in line with the HPI for detached houses in the Mid Suffolk local authority area.
• The November 2011 sale price of £249,000 represented a fair market value for the property.
• The size, condition, and specification of 3 REDWING DRIVE has not materially changed since November 2011.

How Large is 3 REDWING DRIVE?

3 REDWING DRIVE is 126m² according to the EPC inspection conducted in August 2011. This puts it in the largest 30% 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 3 REDWING DRIVE lies on this distribution: 76% of detached houses houses are smaller than 3 REDWING DRIVE, and 24% of houses are larger. Note that EPC data is not available for all properties in Stowmarket.

3 REDWING DRIVE: Plot and Title Map

3 REDWING DRIVE sits on a plot of roughly 0.088 of an acre, or 357m². The below map shows the location of 3 REDWING DRIVE, 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 3 REDWING DRIVE). 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 3 REDWING DRIVE?

3 REDWING DRIVE is located in STOWMARKET, in the IP14 postcode district. The below map shows the position of No. 3 on REDWING DRIVE.