6, SHERIDAN CLOSE, STOWMARKET, IP14 1UL - £245,000

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 SHERIDAN CLOSE is a very small detached house of 77m², built sometime between 1996 and 2002. It was last sold for £245,000 in October 2015, which was around 25% below the average October 2015 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was March 2012, where the current energy rating was C, and the potential energy rating was C.

6 SHERIDAN CLOSE Sold Prices

Land registry data shows two sales for 6 SHERIDAN 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 SHERIDAN 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
2015 29 OCT	£245,000	£326,519	25% below HPI
2002 24 SEP	£148,500	£188,356	21% below HPI

6 SHERIDAN 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 SHERIDAN CLOSE sales from September 2002 and October 2015 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 September 2002 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the October 2015 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might 6 SHERIDAN CLOSE be worth now?

6 SHERIDAN CLOSE might now be worth an estimated £331,028.

This is based on house price inflation of 35.1%, between October 2015 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 35.1% inflationary increase is applied to the most recent sale price for 6 SHERIDAN CLOSE of £245,000 on 29th October 2015. For the value to have increased from £245,000 to £331,028 over the eight years and ten months to December 2024, the following assumptions must hold true:

• The value of 6 SHERIDAN CLOSE has moved in line with the HPI for detached houses in the Mid Suffolk local authority area.
• The October 2015 sale price of £245,000 represented a fair market value for the property.
• The size, condition, and specification of 6 SHERIDAN CLOSE has not materially changed since October 2015.

How Large is 6 SHERIDAN CLOSE?

6 SHERIDAN CLOSE is 77m² according to the EPC inspection conducted in March 2012. This puts it in the smallest 20% 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 SHERIDAN CLOSE lies on this distribution: 16% of detached houses houses are smaller than 6 SHERIDAN CLOSE, and 84% of houses are larger. Note that EPC data is not available for all properties in Stowmarket.

6 SHERIDAN CLOSE: Plot and Title Map

6 SHERIDAN CLOSE sits on a plot of roughly 0.061 of an acre, or 246m². The below map shows the location of 6 SHERIDAN 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 SHERIDAN 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 SHERIDAN CLOSE?

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