7, NORTH CLOSE, BACTON, STOWMARKET, IP14 4LT - £222,500

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.

7 NORTH CLOSE is a very small terraced house of 73m², built sometime between 1967 and 1975, which could now be worth an estimated £218,323. It was last sold for £222,500 in January 2023, which was around 2% below the average January 2023 terraced price in the Mid Suffolk local authority area. The most recent EPC inspection was April 2018, where the current energy rating was D, and the potential energy rating was A.

7 NORTH CLOSE Sold Prices

Land registry data shows seven sales for 7 NORTH CLOSE since 1^st January 1995. The below table shows the price paid for the seven sales, along with the average terraced price in the Mid Suffolk local authority area for the corresponding sale date. The seven 7 NORTH CLOSE sales were a mix of below the average price, and roughly equal to 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
2023 31 JAN	£222,500	£227,745	2% below HPI
2018 6 JUL	£182,500	£194,019	6% below HPI
2014 9 JAN	£125,000	£146,416	15% below HPI
2006 9 JUN	£119,995	£133,149	10% below HPI
2001 4 MAY	£63,000	£62,691	Close to HPI
1998 28 AUG	£46,000	£49,139	6% below HPI
1995 26 MAY	£40,000	£40,184	Close to HPI

7 NORTH CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Mid Suffolk local authority area over time, sourced from the HPI. The seven 7 NORTH CLOSE sales between May 1995 and January 2023 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 2018 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the January 2023 sale, where it rises to 2% below the HPI. The line then continues to track at 2% below the HPI.

What might 7 NORTH CLOSE be worth now?

7 NORTH CLOSE might now be worth an estimated £218,323.

This is based on house price deflation of 1.9%, between January 2023 and April 2026, for terraced 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 1.9% deflationary decrease is applied to the most recent sale price for 7 NORTH CLOSE of £222,500 on 31st January 2023. For the value to have decreased from £222,500 to £218,323 over the two years and nine months to April 2026, the following assumptions must hold true:

• The value of 7 NORTH CLOSE has moved in line with the HPI for terraced houses in the Mid Suffolk local authority area.
• The January 2023 sale price of £222,500 represented a fair market value for the property.
• The size, condition, and specification of 7 NORTH CLOSE has not materially changed since January 2023.

How Large is 7 NORTH CLOSE?

7 NORTH CLOSE is 73m² according to the EPC inspection conducted in April 2018. This puts it in the smallest 20% of terraced houses houses in Bacton, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Bacton, and where 7 NORTH CLOSE lies on this distribution: 15% of terraced houses houses are smaller than 7 NORTH CLOSE, and 85% of houses are larger. Note that EPC data is not available for all properties in Bacton.

7 NORTH CLOSE: Plot and Title Map

7 NORTH CLOSE sits on a plot of roughly 0.028 of an acre, or 113m². The below map shows the location of 7 NORTH 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 NORTH 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 NORTH CLOSE?

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