PROSPECT PLACE, PARK ROAD, COMBS, STOWMARKET, IP14 2JN - £260,000

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

PROSPECT PLACE is a large extended detached house of 170m², built sometime before 1900, which could now be worth an estimated £431,419. It was last sold for £260,000 in August 2008, which was around 2% below the average August 2008 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was July 2015, where the current energy rating was E, and the potential energy rating was B.

PROSPECT PLACE Sold Prices

Land registry data shows four sales for PROSPECT PLACE 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. Most of the four PROSPECT PLACE sales were for above 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
2008 8 AUG	£260,000	£265,877	2% below HPI
2005 22 DEC	£320,000	£241,145	33% above HPI
2001 12 APR	£175,000	£131,528	33% above HPI
1999 7 JUN	£135,000	£108,253	25% above HPI

PROSPECT PLACE 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 PROSPECT PLACE sales between June 1999 and August 2008 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 December 2005 sale was for 33% above the HPI. So the extrapolation line tracks at 33% above the HPI over time, until the August 2008 sale, where it falls to 2% below the HPI. The line then continues to track at 2% below the HPI.

What might PROSPECT PLACE be worth now?

PROSPECT PLACE might now be worth an estimated £431,419.

This is based on house price inflation of 65.9%, between August 2008 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 65.9% inflationary increase is applied to the most recent sale price for PROSPECT PLACE of £260,000 on 8th August 2008. For the value to have increased from £260,000 to £431,419 over the fifteen years and eight months to December 2024, the following assumptions must hold true:

• The value of PROSPECT PLACE has moved in line with the HPI for detached houses in the Mid Suffolk local authority area.
• The August 2008 sale price of £260,000 represented a fair market value for the property.
• The size, condition, and specification of PROSPECT PLACE has not materially changed since August 2008.

How Large is PROSPECT PLACE?

PROSPECT PLACE is 170m², which includes two extensions, according to the EPC inspection conducted in July 2015. This puts it in the largest 40% of detached houses houses in Combs, based on EPC data. The below chart shows the distribution of detached houses houses by size in Combs, and where PROSPECT PLACE lies on this distribution: 70% of detached houses houses are smaller than PROSPECT PLACE, and 30% of houses are larger. Note that EPC data is not available for all properties in Combs.

PROSPECT PLACE: Plot and Title Map

PROSPECT PLACE sits on a plot of roughly 0.343 of an acre, or 1,389m². The below map shows the location of PROSPECT PLACE, 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 PROSPECT PLACE). 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 PROSPECT PLACE?

PROSPECT PLACE is located on PARK ROAD in COMBS, in the IP14 postcode district. The below map shows the position of PROSPECT PLACE on PARK ROAD.