40, SPENCER WAY, STOWMARKET, IP14 1UB - £177,995

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

40 SPENCER WAY is a very small detached house of 74m², built sometime between 1976 and 1982. It was last sold for £177,995 in August 2013, which was around 31% below the average August 2013 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was September 2016, where the current energy rating was E, and the potential energy rating was B.

40 SPENCER WAY Sold Prices

Land registry data shows four sales for 40 SPENCER WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Mid Suffolk local authority area for the corresponding sale date. All of the four 40 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
2013 30 AUG	£177,995	£257,172	31% below HPI
2003 27 MAR	£149,995	£193,290	22% below HPI
1996 3 DEC	£62,995	£81,742	23% below HPI
1995 8 SEP	£59,995	£78,984	24% below HPI

40 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 four 40 SPENCER WAY sales between September 1995 and August 2013 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 March 2003 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the August 2013 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

How Large is 40 SPENCER WAY?

40 SPENCER WAY is 74m² according to the EPC inspection conducted in September 2016. 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 40 SPENCER WAY lies on this distribution: 13% of detached houses are smaller than 40 SPENCER WAY, and 86% of houses are larger. Note that EPC data is not available for all properties in Stowmarket.

40 SPENCER WAY: Plot and Title Map

40 SPENCER WAY sits on a plot of roughly 0.051 of an acre, or 205m². The below map shows the location of 40 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 40 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 40 SPENCER WAY?

40 SPENCER WAY is located in STOWMARKET, in the IP14 postcode district. The below map shows the position of No. 40 on SPENCER WAY.