38, CORMORANT DRIVE, STOWMARKET, IP14 5UE - £310,000

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

38 CORMORANT DRIVE is a midsized detached house of 101m², built sometime between 1996 and 2002. It was last sold for £310,000 in June 2021, which was around 19% below the average June 2021 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was March 2021, where the current energy rating was C, and the potential energy rating was B.

38 CORMORANT DRIVE Sold Prices

Land registry data shows three sales for 38 CORMORANT 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 38 CORMORANT 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
2021 30 JUN	£310,000	£385,084	19% below HPI
2011 24 AUG	£182,000	£254,008	28% below HPI
2006 10 NOV	£189,995	£259,020	27% below HPI

38 CORMORANT 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 38 CORMORANT DRIVE sales between November 2006 and June 2021 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 August 2011 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the June 2021 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is 38 CORMORANT DRIVE?

38 CORMORANT DRIVE is 101m² according to the EPC inspection conducted in March 2021. This puts it in the largest 50% of detached houses in Stowmarket, based on EPC data. The below chart shows the distribution of detached houses by size in Stowmarket, and where 38 CORMORANT DRIVE lies on this distribution: 51% of detached houses are smaller than 38 CORMORANT DRIVE, and 48% of houses are larger. Note that EPC data is not available for all properties in Stowmarket.

38 CORMORANT DRIVE: Plot and Title Map

38 CORMORANT DRIVE sits on a plot of roughly 0.044 of an acre, or 178m². The below map shows the location of 38 CORMORANT 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 38 CORMORANT 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 38 CORMORANT DRIVE?

38 CORMORANT DRIVE is located in STOWMARKET, in the IP14 postcode district. The below map shows the position of No. 38 on CORMORANT DRIVE.