2, REGENCY CLOSE, BACTON, STOWMARKET, IP14 4FZ - £605,000

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 REGENCY CLOSE is a very large detached house of 192m², built in 2022, which could now be worth an estimated £594,656. It was last sold for £605,000 in April 2023, which was around 35% above the average April 2023 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was March 2023, where the current energy rating was A, and the potential energy rating was A.

2 REGENCY CLOSE Sold Prices

Land registry data shows two sales for 2 REGENCY 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 REGENCY CLOSE sales were 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 19 APR	£605,000	£448,851	35% above HPI
2021 24 FEB	£2,600,000	£401,218	548% above HPI

2 REGENCY 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 REGENCY CLOSE sales from February 2021 and April 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 February 2021 sale was for 548% above the HPI. So the extrapolation line tracks at 548% above the HPI over time, until the April 2023 sale, where it falls to 35% above the HPI. The line then continues to track at 35% above the HPI.

What might 2 REGENCY CLOSE be worth now?

2 REGENCY CLOSE might now be worth an estimated £594,656.

This is based on house price deflation of 1.7%, between April 2023 and April 2026, 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 1.7% deflationary decrease is applied to the most recent sale price for 2 REGENCY CLOSE of £605,000 on 19th April 2023. For the value to have decreased from £605,000 to £594,656 over the three years to April 2026, the following assumptions must hold true:

• The value of 2 REGENCY CLOSE has moved in line with the HPI for detached houses in the Mid Suffolk local authority area.
• The April 2023 sale price of £605,000 represented a fair market value for the property.
• The size, condition, and specification of 2 REGENCY CLOSE has not materially changed since April 2023.

How Large is 2 REGENCY CLOSE?

2 REGENCY CLOSE is 192m² according to the EPC inspection conducted in March 2023. This puts it in the largest 10% of detached houses houses in Bacton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bacton, and where 2 REGENCY CLOSE lies on this distribution: 89% of detached houses houses are smaller than 2 REGENCY CLOSE, and 9% of houses are larger. Note that EPC data is not available for all properties in Bacton.

2 REGENCY CLOSE: Plot and Title Map

2 REGENCY CLOSE sits on a plot of roughly 9.3 acres, or 37,777m². The below map shows the location of 2 REGENCY 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 REGENCY 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 REGENCY CLOSE?

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