HOMEWOOD, STATION ROAD, HAUGHLEY, STOWMARKET, IP14 3PL - £185,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

HOMEWOOD is a very small detached house of 69m², built sometime between 1967 and 1975. It was last sold for £185,000 in April 2014, which was around 31% below the average April 2014 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was May 2020, where the current energy rating was D, and the potential energy rating was B.

HOMEWOOD Sold Prices

Land registry data shows four sales for HOMEWOOD 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 HOMEWOOD 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
2014 25 APR	£185,000	£268,247	31% below HPI
2011 24 JUN	£143,000	£245,708	42% below HPI
2004 23 SEP	£162,500	£232,440	30% below HPI
1998 24 MAR	£48,000	£94,275	49% below HPI

HOMEWOOD 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 HOMEWOOD sales between March 1998 and April 2014 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 2011 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the April 2014 sale, where it rises to 31% below the HPI. The line then continues to track at 31% below the HPI.

How Large is HOMEWOOD?

HOMEWOOD is 69m² according to the EPC inspection conducted in May 2020. This puts it in the smallest 20% of detached houses in Haughley, based on EPC data. The below chart shows the distribution of detached houses by size in Haughley, and where HOMEWOOD lies on this distribution: 12% of detached houses are smaller than HOMEWOOD, and 88% of houses are larger. Note that EPC data is not available for all properties in Haughley.

HOMEWOOD: Plot and Title Map

HOMEWOOD sits on a plot of roughly 0.085 of an acre, or 345m². The below map shows the location of HOMEWOOD, 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 HOMEWOOD). 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 HOMEWOOD?

HOMEWOOD is located on STATION ROAD in HAUGHLEY, in the IP14 postcode district. The below map shows the position of HOMEWOOD on STATION ROAD.