NORTHGATE, NORTH CLOSE, BACTON, STOWMARKET, IP14 4LT - £167,000

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.

NORTHGATE is a very small semi-detached house of 69m², built sometime between 2003 and 2006, which could now be worth an estimated £275,192. It was last sold for £167,000 in February 2014, which was around 3% below the average February 2014 semi-detached price in the Mid Suffolk local authority area. The most recent EPC inspection was September 2013, where the current energy rating was C, and the potential energy rating was A.

NORTHGATE Sold Prices

Land registry data shows two sales for NORTHGATE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Mid Suffolk local authority area for the corresponding sale date. Both of the two NORTHGATE 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 7 FEB	£167,000	£172,670	3% below HPI
2008 22 FEB	£163,500	£178,387	8% below HPI

NORTHGATE 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 two NORTHGATE sales from February 2008 and February 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 February 2008 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the February 2014 sale, where it rises to 3% below the HPI. The line then continues to track at 3% below the HPI.

What might NORTHGATE be worth now?

NORTHGATE might now be worth an estimated £275,192.

This is based on house price inflation of 64.8%, between February 2014 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 64.8% inflationary increase is applied to the most recent sale price for NORTHGATE of £167,000 on 7th February 2014. For the value to have increased from £167,000 to £275,192 over the eleven years to February 2025, the following assumptions must hold true:

• The value of NORTHGATE has moved in line with the HPI for semi-detached houses in the Mid Suffolk local authority area.
• The February 2014 sale price of £167,000 represented a fair market value for the property.
• The size, condition, and specification of NORTHGATE has not materially changed since February 2014.

How Large is NORTHGATE?

NORTHGATE is 69m² according to the EPC inspection conducted in September 2013. This puts it in the smallest 20% of semi-detached houses houses in Bacton, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Bacton, and where NORTHGATE lies on this distribution: 15% of semi-detached houses houses are smaller than NORTHGATE, and 85% of houses are larger. Note that EPC data is not available for all properties in Bacton.

NORTHGATE: Plot and Title Map

NORTHGATE sits on a plot of roughly 0.059 of an acre, or 239m². The below map shows the location of NORTHGATE, 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 NORTHGATE). 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 NORTHGATE?

NORTHGATE is located on NORTH CLOSE in BACTON, in the IP14 postcode district. The below map shows the position of NORTHGATE on NORTH CLOSE.