31, SHEARWATER WAY, STOWMARKET, IP14 5UG - £219,000

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.

31 SHEARWATER WAY is a very small semi-detached house of 75m², built sometime between 2003 and 2006, which could now be worth an estimated £269,120. It was last sold for £219,000 in February 2020, which was around 5% below the average February 2020 semi-detached price in the Mid Suffolk local authority area. The most recent EPC inspection was October 2019, where the current energy rating was C, and the potential energy rating was B.

31 SHEARWATER WAY Sold Prices

Land registry data shows two sales for 31 SHEARWATER WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Mid Suffolk local authority area for the corresponding sale date. One of the two 31 SHEARWATER WAY sales was for below the average price, whilst the other 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
2020 14 FEB	£219,000	£231,544	5% below HPI
2003 1 DEC	£140,000	£134,888	4% above HPI

31 SHEARWATER WAY Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Mid Suffolk local authority area over time, sourced from the HPI. The two 31 SHEARWATER WAY sales from December 2003 and February 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 December 2003 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the February 2020 sale, where it falls to 5% below the HPI. The line then continues to track at 5% below the HPI.

What might 31 SHEARWATER WAY be worth now?

31 SHEARWATER WAY might now be worth an estimated £269,120.

This is based on house price inflation of 22.9%, between February 2020 and February 2025, for semi-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 22.9% inflationary increase is applied to the most recent sale price for 31 SHEARWATER WAY of £219,000 on 14th February 2020. For the value to have increased from £219,000 to £269,120 over the five years to February 2025, the following assumptions must hold true:

• The value of 31 SHEARWATER WAY has moved in line with the HPI for semi-detached houses in the Mid Suffolk local authority area.
• The February 2020 sale price of £219,000 represented a fair market value for the property.
• The size, condition, and specification of 31 SHEARWATER WAY has not materially changed since February 2020.

How Large is 31 SHEARWATER WAY?

31 SHEARWATER WAY is 75m² according to the EPC inspection conducted in October 2019. This puts it in the smallest 20% of semi-detached houses houses in Stowmarket, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Stowmarket, and where 31 SHEARWATER WAY lies on this distribution: 14% of semi-detached houses houses are smaller than 31 SHEARWATER WAY, and 85% of houses are larger. Note that EPC data is not available for all properties in Stowmarket.

31 SHEARWATER WAY: Plot and Title Map

31 SHEARWATER WAY sits on a plot of roughly 0.049 of an acre, or 200m². The below map shows the location of 31 SHEARWATER WAY, 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 31 SHEARWATER WAY). 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 31 SHEARWATER WAY?

31 SHEARWATER WAY is located in STOWMARKET, in the IP14 postcode district. The below map shows the position of No. 31 on SHEARWATER WAY.