THE LAURELS, LOWER FARM ROAD, RINGSHALL, STOWMARKET, IP14 2JB - £345,000

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

THE LAURELS is a small detached house of 126m², built sometime between 1950 and 1966. It was last sold for £345,000 in October 2017, which was around 7% below the average October 2017 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was March 2017, where the current energy rating was D, and the potential energy rating was C.

THE LAURELS Sold Prices

Land registry data shows three sales for THE LAURELS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Mid Suffolk local authority area for the corresponding sale date. Two of the three THE LAURELS sales were for below the average price, whilst one was 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
2017 10 OCT	£345,000	£372,013	7% below HPI
2006 27 APR	£249,995	£236,419	6% above HPI
2001 7 SEP	£145,000	£148,071	2% below HPI

THE LAURELS 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 three THE LAURELS sales between September 2001 and October 2017 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 April 2006 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the October 2017 sale, where it falls to 7% below the HPI. The line then continues to track at 7% below the HPI.

How Large is THE LAURELS?

THE LAURELS is 126m² according to the EPC inspection conducted in March 2017. This puts it in the smallest 30% of detached houses in Ringshall Stocks, based on EPC data. The below chart shows the distribution of detached houses by size in Ringshall Stocks, and where THE LAURELS lies on this distribution: 29% of detached houses are smaller than THE LAURELS, and 71% of houses are larger. Note that EPC data is not available for all properties in Ringshall Stocks.

THE LAURELS: Plot and Title Map

THE LAURELS sits on a plot of roughly 0.162 of an acre, or 654m². The below map shows the location of THE LAURELS, 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 LAURELS). 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 LAURELS?

THE LAURELS is located on LOWER FARM ROAD in RINGSHALL, in the IP14 postcode district. The below map shows the position of THE LAURELS on LOWER FARM ROAD.