7, MILLERS CLOSE, STOWMARKET, IP14 2NR - £228,500

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

7 MILLERS CLOSE is a midsized detached house of 99m², built sometime between 1983 and 1990. It was last sold for £228,500 in July 2020, which was around 39% below the average July 2020 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was August 2019, where the current energy rating was C, and the potential energy rating was B.

7 MILLERS CLOSE Sold Prices

Land registry data shows two sales for 7 MILLERS 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 7 MILLERS 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
2020 21 JUL	£228,500	£371,945	39% below HPI
1996 4 DEC	£72,000	£81,742	12% below HPI

7 MILLERS 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 7 MILLERS CLOSE sales from December 1996 and July 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 1996 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the July 2020 sale, where it falls to 39% below the HPI. The line then continues to track at 39% below the HPI.

How Large is 7 MILLERS CLOSE?

7 MILLERS CLOSE is 99m² according to the EPC inspection conducted in August 2019. This puts it in the smallest 50% 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 MILLERS CLOSE lies on this distribution: 48% of detached houses are smaller than 7 MILLERS CLOSE, and 51% of houses are larger. Note that EPC data is not available for all properties in Stowmarket.

7 MILLERS CLOSE: Plot and Title Map

7 MILLERS CLOSE sits on a plot of roughly 0.076 of an acre, or 309m². The below map shows the location of 7 MILLERS 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 MILLERS 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 MILLERS CLOSE?

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