4, RUSSET CLOSE, FINNINGHAM, STOWMARKET, IP14 4TU - £321,000

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

4 RUSSET CLOSE is a very small detached house of 107m², built sometime between 2003 and 2006. It was last sold for £321,000 in May 2019, which was around 12% below the average May 2019 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was August 2013, where the current energy rating was C, and the potential energy rating was B.

4 RUSSET CLOSE Sold Prices

Land registry data shows three sales for 4 RUSSET CLOSE 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. Two of the three 4 RUSSET CLOSE sales were for below the average price, whilst one was for above 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
2019 17 MAY	£321,000	£364,129	12% below HPI
2006 13 FEB	£232,500	£239,590	3% below HPI
2003 17 APR	£205,000	£194,353	5% above HPI

4 RUSSET CLOSE 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 4 RUSSET CLOSE sales between April 2003 and May 2019 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 February 2006 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the May 2019 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

How Large is 4 RUSSET CLOSE?

4 RUSSET CLOSE is 107m² according to the EPC inspection conducted in August 2013. This puts it in the smallest 10% of detached houses in Finningham, based on EPC data. The below chart shows the distribution of detached houses by size in Finningham, and where 4 RUSSET CLOSE lies on this distribution: 5% of detached houses are smaller than 4 RUSSET CLOSE, and 95% of houses are larger. Note that EPC data is not available for all properties in Finningham.

4 RUSSET CLOSE: Plot and Title Map

4 RUSSET CLOSE sits on a plot of roughly 0.128 of an acre, or 517m². The below map shows the location of 4 RUSSET CLOSE, 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 4 RUSSET CLOSE). 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 4 RUSSET CLOSE?

4 RUSSET CLOSE is located in FINNINGHAM, in the IP14 postcode district. The below map shows the position of No. 4 on RUSSET CLOSE.