78, SPENCER WAY, STOWMARKET, IP14 1UQ - £170,500

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.

78 SPENCER WAY is a very small semi-detached house of 71m², built sometime between 1976 and 1982, which could now be worth an estimated £250,660. It was last sold for £170,500 in May 2015, which was around 12% below the average May 2015 semi-detached price in the Mid Suffolk local authority area. The most recent EPC inspection was January 2022, where the current energy rating was C, and the potential energy rating was B.

78 SPENCER WAY Sold Prices

Land registry data shows five sales for 78 SPENCER WAY since 1^st January 1995. The below table shows the price paid for the five sales, along with the average semi-detached price in the Mid Suffolk local authority area for the corresponding sale date. Most of the five 78 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
2015 29 MAY	£170,500	£193,542	12% below HPI
2012 29 JUN	£142,000	£160,839	12% below HPI
2007 7 DEC	£164,000	£183,404	11% below HPI
2006 29 MAR	£144,900	£156,174	7% below HPI
1999 19 MAR	£67,850	£65,827	3% above HPI

78 SPENCER WAY Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Mid Suffolk local authority area over time, sourced from the HPI. The five 78 SPENCER WAY sales between March 1999 and May 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 June 2012 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the May 2015 sale, which was also at 12% below the HPI.

What might 78 SPENCER WAY be worth now?

78 SPENCER WAY might now be worth an estimated £250,660.

This is based on house price inflation of 47%, between May 2015 and February 2025, for semi-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 47% inflationary increase is applied to the most recent sale price for 78 SPENCER WAY of £170,500 on 29th May 2015. For the value to have increased from £170,500 to £250,660 over the ten years and three months to February 2025, the following assumptions must hold true:

• The value of 78 SPENCER WAY has moved in line with the HPI for semi-detached houses in the Mid Suffolk local authority area.
• The May 2015 sale price of £170,500 represented a fair market value for the property.
• The size, condition, and specification of 78 SPENCER WAY has not materially changed since May 2015.

How Large is 78 SPENCER WAY?

78 SPENCER WAY is 71m² according to the EPC inspection conducted in January 2022. This puts it in the smallest 20% of semi-detached houses houses in Stowmarket, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Stowmarket, and where 78 SPENCER WAY lies on this distribution: 10% of semi-detached houses houses are smaller than 78 SPENCER WAY, and 89% of houses are larger. Note that EPC data is not available for all properties in Stowmarket.

78 SPENCER WAY: Plot and Title Map

78 SPENCER WAY sits on a plot of roughly 0.037 of an acre, or 149m². The below map shows the location of 78 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 78 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 78 SPENCER WAY?

78 SPENCER WAY is located in STOWMARKET, in the IP14 postcode district. The below map shows the position of No. 78 on SPENCER WAY.