7, ELMSETT CLOSE, STOWMARKET, IP14 2NU - £240,000

7 ELMSETT CLOSE is a very small extended detached house of 76m², built sometime between 1983 and 1990. It was last sold for £240,000 in January 2021, which was around 39% below the average January 2021 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was July 2020, where the current energy rating was C, and the potential energy rating was B.

7 ELMSETT CLOSE Sold Prices

Land registry data shows three sales for 7 ELMSETT CLOSE 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 7 ELMSETT CLOSE 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
2021 7 JAN	£240,000	£396,014	39% below HPI
1999 28 MAY	£70,500	£106,592	34% below HPI
1998 30 JUL	£34,700	£95,720	64% below HPI

7 ELMSETT 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 three 7 ELMSETT CLOSE sales between July 1998 and January 2021 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 May 1999 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the January 2021 sale, where it falls to 39% below the HPI. The line then continues to track at 39% below the HPI.

How Large is 7 ELMSETT CLOSE?

7 ELMSETT CLOSE is 76m², which includes one extension, according to the EPC inspection conducted in July 2020. This puts it in the smallest 20% of detached houses in Stowmarket, based on EPC data. The below chart shows the distribution of detached houses by size in Stowmarket, and where 7 ELMSETT CLOSE lies on this distribution: 15% of detached houses are smaller than 7 ELMSETT CLOSE, and 85% of houses are larger. Note that EPC data is not available for all properties in Stowmarket.

7 ELMSETT CLOSE: Plot and Title Map

7 ELMSETT CLOSE sits on a plot of roughly 0.043 of an acre, or 175m². The below map shows the location of 7 ELMSETT 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 7 ELMSETT 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 7 ELMSETT CLOSE?

7 ELMSETT CLOSE is located in STOWMARKET, in the IP14 postcode district. The below map shows the position of No. 7 on ELMSETT CLOSE.