9, LARK CLOSE, STOWMARKET, IP14 5QW - £321,500

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.

9 LARK CLOSE is a midsized extended detached house of 97m², built sometime between 2003 and 2006, which could now be worth an estimated £406,474. It was last sold for £321,500 in March 2020, which was around 13% below the average March 2020 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was September 2019, where the current energy rating was C, and the potential energy rating was B.

9 LARK CLOSE Sold Prices

Land registry data shows four sales for 9 LARK 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 9 LARK 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
2020 24 MAR	£321,500	£367,782	13% below HPI
2009 26 JUN	£172,000	£226,949	24% below HPI
2004 7 JUL	£193,000	£226,584	15% below HPI
2003 2 MAY	£172,995	£202,881	15% below HPI

9 LARK 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 9 LARK CLOSE sales between May 2003 and March 2020 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 2009 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the March 2020 sale, where it rises to 13% below the HPI. The line then continues to track at 13% below the HPI.

What might 9 LARK CLOSE be worth now?

9 LARK CLOSE might now be worth an estimated £406,474.

This is based on house price inflation of 26.4%, between March 2020 and March 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 26.4% inflationary increase is applied to the most recent sale price for 9 LARK CLOSE of £321,500 on 24th March 2020. For the value to have increased from £321,500 to £406,474 over the five years to March 2025, the following assumptions must hold true:

• The value of 9 LARK CLOSE has moved in line with the HPI for detached houses in the Mid Suffolk local authority area.
• The March 2020 sale price of £321,500 represented a fair market value for the property.
• The size, condition, and specification of 9 LARK CLOSE has not materially changed since March 2020.

How Large is 9 LARK CLOSE?

9 LARK CLOSE is 97m², which includes one extension, according to the EPC inspection conducted in September 2019. This puts it in the smallest 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 9 LARK CLOSE lies on this distribution: 46% of detached houses houses are smaller than 9 LARK CLOSE, and 53% of houses are larger. Note that EPC data is not available for all properties in Stowmarket.

9 LARK CLOSE: Plot and Title Map

9 LARK CLOSE sits on a plot of roughly 0.072 of an acre, or 290m². The below map shows the location of 9 LARK 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 9 LARK 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 9 LARK CLOSE?

9 LARK CLOSE is located in STOWMARKET, in the IP14 postcode district. The below map shows the position of No. 9 on LARK CLOSE.