6, READ CLOSE, STOWMARKET, IP14 1XP - £370,000

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

6 READ CLOSE is a midsized detached house of 107m². It was last sold for £370,000 in October 2023, which was around 14% below the average October 2023 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was November 2019, where the current energy rating was B, and the potential energy rating was A.

6 READ CLOSE Sold Prices

Land registry data shows two sales for 6 READ CLOSE 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 6 READ 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
2023 6 OCT	£370,000	£432,300	14% below HPI
2019 20 DEC	£305,000	£379,034	20% below HPI

6 READ 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 two 6 READ CLOSE sales from December 2019 and October 2023 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 December 2019 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the October 2023 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 6 READ CLOSE be worth now?

6 READ CLOSE might now be worth an estimated £377,593.

This is based on house price inflation of 2.1%, between October 2023 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 2.1% inflationary increase is applied to the most recent sale price for 6 READ CLOSE of £370,000 on 6th October 2023. For the value to have increased from £370,000 to £377,593 over the ten months to December 2024, the following assumptions must hold true:

• The value of 6 READ CLOSE has moved in line with the HPI for detached houses in the Mid Suffolk local authority area.
• The October 2023 sale price of £370,000 represented a fair market value for the property.
• The size, condition, and specification of 6 READ CLOSE has not materially changed since October 2023.

How Large is 6 READ CLOSE?

6 READ CLOSE is 107m² according to the EPC inspection conducted in November 2019. This puts it in the largest 50% 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 6 READ CLOSE lies on this distribution: 57% of detached houses houses are smaller than 6 READ CLOSE, and 41% of houses are larger. Note that EPC data is not available for all properties in Stowmarket.

6 READ CLOSE: Plot and Title Map

6 READ CLOSE sits on a plot of roughly 0.057 of an acre, or 230m². The below map shows the location of 6 READ 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 6 READ 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 6 READ CLOSE?

6 READ CLOSE is located in STOWMARKET, in the IP14 postcode district. The below map shows the position of No. 6 on READ CLOSE.