2, OLD SCHOOL MEWS, STOWMARKET, IP14 1ND - £137,500

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

2 OLD SCHOOL MEWS is a very small extended terraced house of 61m², built sometime between 1983 and 1990, which could now be worth an estimated £160,829. It was last sold for £137,500 in July 2020, which was around 29% below the average July 2020 terraced price in the Mid Suffolk local authority area. The most recent EPC inspection was May 2013, where the current energy rating was D, and the potential energy rating was B.

2 OLD SCHOOL MEWS Sold Prices

Land registry data shows four sales for 2 OLD SCHOOL MEWS since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Mid Suffolk local authority area for the corresponding sale date. Most of the four 2 OLD SCHOOL MEWS 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
2020 7 JUL	£137,500	£193,056	29% below HPI
2015 23 NOV	£120,000	£169,349	29% below HPI
2013 30 AUG	£122,000	£137,083	11% below HPI
2001 30 MAY	£67,250	£62,691	7% above HPI

2 OLD SCHOOL MEWS Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Mid Suffolk local authority area over time, sourced from the HPI. The four 2 OLD SCHOOL MEWS sales between May 2001 and July 2020 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 2015 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the July 2020 sale, which was also at 29% below the HPI.

What might 2 OLD SCHOOL MEWS be worth now?

2 OLD SCHOOL MEWS might now be worth an estimated £160,829.

This is based on house price inflation of 17%, between July 2020 and July 2025, for terraced 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 17% inflationary increase is applied to the most recent sale price for 2 OLD SCHOOL MEWS of £137,500 on 7th July 2020. For the value to have increased from £137,500 to £160,829 over the five years to July 2025, the following assumptions must hold true:

• The value of 2 OLD SCHOOL MEWS has moved in line with the HPI for terraced houses in the Mid Suffolk local authority area.
• The July 2020 sale price of £137,500 represented a fair market value for the property.
• The size, condition, and specification of 2 OLD SCHOOL MEWS has not materially changed since July 2020.

How Large is 2 OLD SCHOOL MEWS?

2 OLD SCHOOL MEWS is 61m², which includes one extension, according to the EPC inspection conducted in May 2013. This puts it in the smallest 10% of terraced houses houses in Stowmarket, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Stowmarket, and where 2 OLD SCHOOL MEWS lies on this distribution: 4% of terraced houses houses are smaller than 2 OLD SCHOOL MEWS, and 96% of houses are larger. Note that EPC data is not available for all properties in Stowmarket.

2 OLD SCHOOL MEWS: Plot and Title Map

2 OLD SCHOOL MEWS sits on a plot of roughly 1.9 acres, or 7,508m². The below map shows the location of 2 OLD SCHOOL MEWS, 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 OLD SCHOOL MEWS). 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 OLD SCHOOL MEWS?

2 OLD SCHOOL MEWS is located in STOWMARKET, in the IP14 postcode district. The below map shows the position of No. 2 on OLD SCHOOL MEWS.