5, SPENCER WAY, STOWMARKET, IP14 1UB - £265,000

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

5 SPENCER WAY is a midsized detached house of 92m², built sometime between 1983 and 1990. It was last sold for £265,000 in January 2019, which was around 28% below the average January 2019 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was November 2017, where the current energy rating was C, and the potential energy rating was B.

5 SPENCER WAY Sold Prices

Land registry data shows two sales for 5 SPENCER WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Mid Suffolk local authority area for the corresponding sale date. Both of the two 5 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
2019 18 JAN	£265,000	£369,697	28% below HPI
2012 24 AUG	£171,000	£253,833	33% below HPI

5 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 two 5 SPENCER WAY sales from August 2012 and January 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 August 2012 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the January 2019 sale, where it rises to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is 5 SPENCER WAY?

5 SPENCER WAY is 92m² according to the EPC inspection conducted in November 2017. This puts it in the smallest 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 5 SPENCER WAY lies on this distribution: 41% of detached houses are smaller than 5 SPENCER WAY, and 58% of houses are larger. Note that EPC data is not available for all properties in Stowmarket.

5 SPENCER WAY: Plot and Title Map

5 SPENCER WAY sits on a plot of roughly 0.067 of an acre, or 269m². The below map shows the location of 5 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 5 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 5 SPENCER WAY?

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