THE FIRS, CREETING ROAD EAST, STOWUPLAND, STOWMARKET, IP14 5BT - £395,000

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

THE FIRS is a large detached house of 128m², built sometime between 2003 and 2006. It was last sold for £395,000 in October 2024, which was around 13% below the average October 2024 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was August 2015, where the current energy rating was C, and the potential energy rating was B.

THE FIRS Sold Prices

Land registry data shows two sales for THE FIRS 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 THE FIRS 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
2024 23 OCT	£395,000	£454,673	13% below HPI
2015 4 DEC	£286,000	£333,617	14% below HPI

THE FIRS 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 THE FIRS sales from December 2015 and October 2024 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 2015 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the October 2024 sale, where it rises to 13% below the HPI. The line then continues to track at 13% below the HPI.

What might THE FIRS be worth now?

THE FIRS might now be worth an estimated £383,270.

This is based on house price deflation of 3%, between October 2024 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 3% deflationary decrease is applied to the most recent sale price for THE FIRS of £395,000 on 23rd October 2024. For the value to have decreased from £395,000 to £383,270 over the ten months to December 2024, the following assumptions must hold true:

• The value of THE FIRS has moved in line with the HPI for detached houses in the Mid Suffolk local authority area.
• The October 2024 sale price of £395,000 represented a fair market value for the property.
• The size, condition, and specification of THE FIRS has not materially changed since October 2024.

How Large is THE FIRS?

THE FIRS is 128m² according to the EPC inspection conducted in August 2015. This puts it in the largest 30% 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 THE FIRS lies on this distribution: 78% of detached houses houses are smaller than THE FIRS, and 21% of houses are larger. Note that EPC data is not available for all properties in Stowmarket.

THE FIRS: Plot and Title Map

THE FIRS sits on a plot of roughly 0.076 of an acre, or 307m². The below map shows the location of THE FIRS, 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 THE FIRS). 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 THE FIRS?

THE FIRS is located on CREETING ROAD EAST in STOWUPLAND, in the IP14 postcode district. The below map shows the position of THE FIRS on CREETING ROAD EAST.