7, ELMSETT CLOSE, STOWMARKET, IP14 2NU - £240,000

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

7 ELMSETT CLOSE is a very small extended detached house of 76m², built sometime between 1983 and 1990. It was last sold for £240,000 in January 2021, which was around 41% below the average January 2021 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was July 2020, where the current energy rating was C, and the potential energy rating was B.

7 ELMSETT CLOSE Sold Prices

Land registry data shows three sales for 7 ELMSETT 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 7 ELMSETT 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
2021 7 JAN	£240,000	£405,343	41% below HPI
1999 28 MAY	£70,500	£109,103	35% below HPI
1998 30 JUL	£34,700	£97,975	65% below HPI

7 ELMSETT 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 7 ELMSETT CLOSE sales between July 1998 and January 2021 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 May 1999 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the January 2021 sale, where it falls to 41% below the HPI. The line then continues to track at 41% below the HPI.

What might 7 ELMSETT CLOSE be worth now?

7 ELMSETT CLOSE might now be worth an estimated £261,213.

This is based on house price inflation of 8.8%, between January 2021 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 8.8% inflationary increase is applied to the most recent sale price for 7 ELMSETT CLOSE of £240,000 on 7th January 2021. For the value to have increased from £240,000 to £261,213 over the two years and one month to December 2024, the following assumptions must hold true:

• The value of 7 ELMSETT CLOSE has moved in line with the HPI for detached houses in the Mid Suffolk local authority area.
• The January 2021 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of 7 ELMSETT CLOSE has not materially changed since January 2021.

How Large is 7 ELMSETT CLOSE?

7 ELMSETT CLOSE is 76m², which includes one extension, according to the EPC inspection conducted in July 2020. 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 7 ELMSETT CLOSE lies on this distribution: 15% of detached houses houses are smaller than 7 ELMSETT CLOSE, and 85% of houses are larger. Note that EPC data is not available for all properties in Stowmarket.

7 ELMSETT CLOSE: Plot and Title Map

7 ELMSETT CLOSE sits on a plot of roughly 0.043 of an acre, or 175m². The below map shows the location of 7 ELMSETT 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 7 ELMSETT 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 7 ELMSETT CLOSE?

7 ELMSETT CLOSE is located in STOWMARKET, in the IP14 postcode district. The below map shows the position of No. 7 on ELMSETT CLOSE.