8, RUSKIN CLOSE, STOWMARKET, IP14 1TY - £345,000

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

8 RUSKIN CLOSE is a large detached house of 120m², built sometime between 1996 and 2002. It was last sold for £345,000 in January 2022, which was around 20% below the average January 2022 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was September 2021, where the current energy rating was C, and the potential energy rating was B.

8 RUSKIN CLOSE Sold Prices

Land registry data shows two sales for 8 RUSKIN 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 8 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
2022 6 JAN	£345,000	£428,863	20% below HPI
1999 14 APR	£89,950	£109,626	18% below HPI

8 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 two 8 RUSKIN CLOSE sales from April 1999 and January 2022 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 April 1999 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the January 2022 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might 8 RUSKIN CLOSE be worth now?

8 RUSKIN CLOSE might now be worth an estimated £354,901.

This is based on house price inflation of 2.9%, between January 2022 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 2.9% inflationary increase is applied to the most recent sale price for 8 RUSKIN CLOSE of £345,000 on 6th January 2022. For the value to have increased from £345,000 to £354,901 over the one year and one month to December 2024, the following assumptions must hold true:

• The value of 8 RUSKIN CLOSE has moved in line with the HPI for detached houses in the Mid Suffolk local authority area.
• The January 2022 sale price of £345,000 represented a fair market value for the property.
• The size, condition, and specification of 8 RUSKIN CLOSE has not materially changed since January 2022.

How Large is 8 RUSKIN CLOSE?

8 RUSKIN CLOSE is 120m² according to the EPC inspection conducted in September 2021. This puts it in the largest 30% 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 8 RUSKIN CLOSE lies on this distribution: 72% of detached houses houses are smaller than 8 RUSKIN CLOSE, and 27% of houses are larger. Note that EPC data is not available for all properties in Stowmarket.

8 RUSKIN CLOSE: Plot and Title Map

8 RUSKIN CLOSE sits on a plot of roughly 0.067 of an acre, or 270m². The below map shows the location of 8 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 8 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 8 RUSKIN CLOSE?

8 RUSKIN CLOSE is located in STOWMARKET, in the IP14 postcode district. The below map shows the position of No. 8 on RUSKIN CLOSE.