5, PRIESTLY CLOSE, STOWMARKET, IP14 1UJ - £277,500

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

5 PRIESTLY CLOSE is a small detached house of 81m², built sometime between 2003 and 2006. It was last sold for £277,500 in May 2022, which was around 36% below the average May 2022 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was August 2017, where the current energy rating was C, and the potential energy rating was B.

5 PRIESTLY CLOSE Sold Prices

Land registry data shows three sales for 5 PRIESTLY 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. All of the three 5 PRIESTLY CLOSE 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
2022 16 MAY	£277,500	£435,798	36% below HPI
2018 8 FEB	£240,000	£382,861	37% below HPI
2003 27 JUN	£149,500	£202,517	26% below HPI

5 PRIESTLY 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 5 PRIESTLY CLOSE sales between June 2003 and May 2022 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 2018 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the May 2022 sale, where it rises to 36% below the HPI. The line then continues to track at 36% below the HPI.

What might 5 PRIESTLY CLOSE be worth now?

5 PRIESTLY CLOSE might now be worth an estimated £280,921.

This is based on house price inflation of 1.2%, between May 2022 and December 2024, 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 1.2% inflationary increase is applied to the most recent sale price for 5 PRIESTLY CLOSE of £277,500 on 16th May 2022. For the value to have increased from £277,500 to £280,921 over the one year and five months to December 2024, the following assumptions must hold true:

• The value of 5 PRIESTLY CLOSE has moved in line with the HPI for detached houses in the Mid Suffolk local authority area.
• The May 2022 sale price of £277,500 represented a fair market value for the property.
• The size, condition, and specification of 5 PRIESTLY CLOSE has not materially changed since May 2022.

How Large is 5 PRIESTLY CLOSE?

5 PRIESTLY CLOSE is 81m² according to the EPC inspection conducted in August 2017. This puts it in the smallest 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 5 PRIESTLY CLOSE lies on this distribution: 23% of detached houses houses are smaller than 5 PRIESTLY CLOSE, and 75% of houses are larger. Note that EPC data is not available for all properties in Stowmarket.

5 PRIESTLY CLOSE: Plot and Title Map

5 PRIESTLY CLOSE sits on a plot of roughly 0.046 of an acre, or 186m². The below map shows the location of 5 PRIESTLY 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 5 PRIESTLY 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 5 PRIESTLY CLOSE?

5 PRIESTLY CLOSE is located in STOWMARKET, in the IP14 postcode district. The below map shows the position of No. 5 on PRIESTLY CLOSE.