63, REEDS WAY, STOWUPLAND, STOWMARKET, IP14 4BP - £255,000

63 REEDS WAY is a very small detached house of 51m², built sometime between 1983 and 1990. It was last sold for £255,000 in October 2019, which was around 33% below the average October 2019 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was September 2021, where the current energy rating was D, and the potential energy rating was B.

63 REEDS WAY Sold Prices

Land registry data shows four sales for 63 REEDS WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Mid Suffolk local authority area for the corresponding sale date. All of the four 63 REEDS WAY 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 28 OCT	£255,000	£378,702	33% below HPI
2017 27 JAN	£225,000	£347,417	35% below HPI
2011 15 APR	£158,500	£247,974	36% below HPI
1999 8 JUL	£60,000	£104,574	43% below HPI

63 REEDS WAY 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 four 63 REEDS WAY sales between July 1999 and October 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 January 2017 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the October 2019 sale, where it rises to 33% below the HPI. The line then continues to track at 33% below the HPI.

How Large is 63 REEDS WAY?

63 REEDS WAY is 51m² according to the EPC inspection conducted in September 2021. This puts it in the smallest 10% of detached houses in Stowupland, based on EPC data. The below chart shows the distribution of detached houses by size in Stowupland, and where 63 REEDS WAY lies on this distribution: 1% of detached houses are smaller than 63 REEDS WAY, and 99% of houses are larger. Note that EPC data is not available for all properties in Stowupland.

63 REEDS WAY: Plot and Title Map

63 REEDS WAY sits on a plot of roughly 0.069 of an acre, or 280m². The below map shows the location of 63 REEDS 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 63 REEDS 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 63 REEDS WAY?

63 REEDS WAY is located in STOWUPLAND, in the IP14 postcode district. The below map shows the position of No. 63 on REEDS WAY.