7, RUSKIN CLOSE, STOWMARKET, IP14 1TY - £348,500

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

7 RUSKIN CLOSE is a midsized extended detached house of 101m², built sometime between 1996 and 2002, which could now be worth an estimated £375,334. It was last sold for £348,500 in November 2021, which was around 18% below the average November 2021 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was June 2017, where the current energy rating was C, and the potential energy rating was B.

7 RUSKIN CLOSE Sold Prices

Land registry data shows four sales for 7 RUSKIN CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Mid Suffolk local authority area for the corresponding sale date. All of the four 7 RUSKIN 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 5 NOV	£348,500	£423,238	18% below HPI
2018 23 FEB	£289,000	£382,861	25% below HPI
2001 26 JUL	£138,000	£139,744	1% below HPI
1998 20 OCT	£89,250	£104,004	14% below HPI

7 RUSKIN 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 four 7 RUSKIN CLOSE sales between October 1998 and November 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 February 2018 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the November 2021 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might 7 RUSKIN CLOSE be worth now?

7 RUSKIN CLOSE might now be worth an estimated £375,334.

This is based on house price inflation of 7.7%, between November 2021 and February 2025, 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 7.7% inflationary increase is applied to the most recent sale price for 7 RUSKIN CLOSE of £348,500 on 5th November 2021. For the value to have increased from £348,500 to £375,334 over the four years and nine months to February 2025, the following assumptions must hold true:

• The value of 7 RUSKIN CLOSE has moved in line with the HPI for detached houses in the Mid Suffolk local authority area.
• The November 2021 sale price of £348,500 represented a fair market value for the property.
• The size, condition, and specification of 7 RUSKIN CLOSE has not materially changed since November 2021.

How Large is 7 RUSKIN CLOSE?

7 RUSKIN CLOSE is 101m², which includes one extension, according to the EPC inspection conducted in June 2017. 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 7 RUSKIN CLOSE lies on this distribution: 51% of detached houses houses are smaller than 7 RUSKIN CLOSE, and 48% of houses are larger. Note that EPC data is not available for all properties in Stowmarket.

7 RUSKIN CLOSE: Plot and Title Map

7 RUSKIN CLOSE sits on a plot of roughly 0.088 of an acre, or 355m². The below map shows the location of 7 RUSKIN 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 RUSKIN 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 RUSKIN CLOSE?

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