2, MILDEN CLOSE, STOWMARKET, IP14 2RF - £228,000

2 MILDEN CLOSE is a very small detached house of 77m², built sometime between 1991 and 1995. It was last sold for £228,000 in May 2019, which was around 37% below the average May 2019 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was March 2019, where the current energy rating was C, and the potential energy rating was B.

2 MILDEN CLOSE Sold Prices

Land registry data shows two sales for 2 MILDEN CLOSE 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 2 MILDEN CLOSE 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
2019 31 MAY	£228,000	£364,129	37% below HPI
1997 29 AUG	£58,500	£89,741	35% below HPI

2 MILDEN CLOSE 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 2 MILDEN CLOSE sales from August 1997 and May 2019 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 August 1997 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the May 2019 sale, where it falls to 37% below the HPI. The line then continues to track at 37% below the HPI.

How Large is 2 MILDEN CLOSE?

2 MILDEN CLOSE is 77m² according to the EPC inspection conducted in March 2019. This puts it in the smallest 20% of detached houses in Stowmarket, based on EPC data. The below chart shows the distribution of detached houses by size in Stowmarket, and where 2 MILDEN CLOSE lies on this distribution: 16% of detached houses are smaller than 2 MILDEN CLOSE, and 83% of houses are larger. Note that EPC data is not available for all properties in Stowmarket.

2 MILDEN CLOSE: Plot and Title Map

2 MILDEN CLOSE sits on a plot of roughly 0.045 of an acre, or 182m². The below map shows the location of 2 MILDEN CLOSE, 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 2 MILDEN CLOSE). 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 2 MILDEN CLOSE?

2 MILDEN CLOSE is located in STOWMARKET, in the IP14 postcode district. The below map shows the position of No. 2 on MILDEN CLOSE.