SPRINGFIELD, WINDGAP LANE, HAUGHLEY, STOWMARKET, IP14 3PB - £175,000

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

SPRINGFIELD is a very small detached house of 70m², built sometime between 1996 and 2002. It was last sold for £175,000 in February 2013, which was around 32% below the average February 2013 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was May 2015, where the current energy rating was D, and the potential energy rating was B.

SPRINGFIELD Sold Prices

Land registry data shows two sales for SPRINGFIELD 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 SPRINGFIELD 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
2013 15 FEB	£175,000	£259,107	32% below HPI
1996 19 NOV	£68,950	£83,028	17% below HPI

SPRINGFIELD 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 SPRINGFIELD sales from November 1996 and February 2013 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 November 1996 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the February 2013 sale, where it falls to 32% below the HPI. The line then continues to track at 32% below the HPI.

What might SPRINGFIELD be worth now?

SPRINGFIELD might now be worth an estimated £297,965.

This is based on house price inflation of 70.3%, between February 2013 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 70.3% inflationary increase is applied to the most recent sale price for SPRINGFIELD of £175,000 on 15th February 2013. For the value to have increased from £175,000 to £297,965 over the ten years and two months to December 2024, the following assumptions must hold true:

• The value of SPRINGFIELD has moved in line with the HPI for detached houses in the Mid Suffolk local authority area.
• The February 2013 sale price of £175,000 represented a fair market value for the property.
• The size, condition, and specification of SPRINGFIELD has not materially changed since February 2013.

How Large is SPRINGFIELD?

SPRINGFIELD is 70m² according to the EPC inspection conducted in May 2015. This puts it in the smallest 20% of detached houses houses in Haughley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Haughley, and where SPRINGFIELD lies on this distribution: 13% of detached houses houses are smaller than SPRINGFIELD, and 87% of houses are larger. Note that EPC data is not available for all properties in Haughley.

SPRINGFIELD: Plot and Title Map

SPRINGFIELD sits on a plot of roughly 0.127 of an acre, or 515m². The below map shows the location of SPRINGFIELD, 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 SPRINGFIELD). 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 SPRINGFIELD?

SPRINGFIELD is located on WINDGAP LANE in HAUGHLEY, in the IP14 postcode district. The below map shows the position of SPRINGFIELD on WINDGAP LANE.