2, SWIFT DRIVE, STOWMARKET, IP14 5NB - £350,000

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

2 SWIFT DRIVE is a large detached house of 127m², built sometime between 1996 and 2002. It was last sold for £350,000 in November 2020, which was around 10% below the average November 2020 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was September 2019, where the current energy rating was C, and the potential energy rating was B.

2 SWIFT DRIVE Sold Prices

Land registry data shows three sales for 2 SWIFT DRIVE 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. All of the three 2 SWIFT DRIVE 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 20 NOV	£350,000	£388,824	10% below HPI
2007 24 JUL	£245,000	£265,489	8% below HPI
2002 12 DEC	£189,950	£192,446	1% below HPI

2 SWIFT DRIVE 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 2 SWIFT DRIVE sales between December 2002 and November 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 July 2007 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the November 2020 sale, where it falls to 10% below the HPI. The line then continues to track at 10% below the HPI.

How Large is 2 SWIFT DRIVE?

2 SWIFT DRIVE is 127m² according to the EPC inspection conducted in September 2019. This puts it in the largest 30% 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 SWIFT DRIVE lies on this distribution: 76% of detached houses are smaller than 2 SWIFT DRIVE, and 22% of houses are larger. Note that EPC data is not available for all properties in Stowmarket.

2 SWIFT DRIVE: Plot and Title Map

2 SWIFT DRIVE sits on a plot of roughly 0.079 of an acre, or 321m². The below map shows the location of 2 SWIFT DRIVE, 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 SWIFT DRIVE). 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 SWIFT DRIVE?

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