THE PEERS, OAKFIELD ROAD, BACTON, STOWMARKET, IP14 4LY - £346,000

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 PEERS is a midsized detached house of 116m², built sometime from 2012 onwards. It was last sold for £346,000 in October 2023, which was around 18% below the average October 2023 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was February 2023, where the current energy rating was C, and the potential energy rating was B.

THE PEERS Sold Prices

Land registry data shows three sales for THE PEERS 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 PEERS 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
2023 11 OCT	£346,000	£422,854	18% below HPI
2014 29 MAY	£244,137	£273,410	11% below HPI
2010 6 AUG	£365,000	£260,185	40% above HPI

THE PEERS 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 PEERS sales between August 2010 and October 2023 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 May 2014 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the October 2023 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is THE PEERS?

THE PEERS is 116m² according to the EPC inspection conducted in February 2023. This puts it in the largest 50% of detached houses in Bacton, based on EPC data. The below chart shows the distribution of detached houses by size in Bacton, and where THE PEERS lies on this distribution: 52% of detached houses are smaller than THE PEERS, and 48% of houses are larger. Note that EPC data is not available for all properties in Bacton.

THE PEERS: Plot and Title Map

THE PEERS sits on a plot of roughly 0.111 of an acre, or 450m². The below map shows the location of THE PEERS, 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 PEERS). 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 PEERS?

THE PEERS is located on OAKFIELD ROAD in BACTON, in the IP14 postcode district. The below map shows the position of THE PEERS on OAKFIELD ROAD.