16 Drake Close

    16, DRAKE CLOSE, STOWMARKET, IP14 1UP

    This flat/maisonette leasehold property on Drake Close last sold in August 2022 for £132,000. Based on price growth in the IP14 district since then, its estimated current value is £129,231 — placing it in the 8th percentile nationally and the 4th percentile within IP14. The property covers 42 m² (452 sq ft), giving an estimated value of £3,077 per m². The EPC rating is C, with a potential rating of C.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    452 sq ft

    42 m²

    Last Sale Price

    £132,000

    Aug 2022

    Estimated Valuation

    £129,231

    Est. £/sq ft

    £286/sq ft

    £3,077/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formEnd-Terrace
    Construction ageEngland and Wales: 2003-2006
    Habitable rooms2
    Main fuelmains gas (not community)
    EPC currentC
    EPC potentialC
    Floor area452 sq ft (42 m²)
    EPC dateJan 2020
    WallsCavity wall, as built, insulated (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    31 Aug 2022

    £132,000

    24 Oct 2014

    £101,000

    24 Mar 2006

    New build

    £97,500

    Key Metrics

    Estimated valuation£129,231
    Value per sq ft / m²£286/sq ft (£3,077/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    IP14 district percentile4th percentile
    National percentile8th percentile

    District Context — IP14

    IP14 covers the Gipping Valley area in mid-Suffolk, including Needham Market and surrounding villages, sitting roughly midway between Norwich and the Essex border. It is a predominantly rural and semi-rural district with a mix of village communities, appealing to those seeking quieter living with reasonable access to larger towns.

    Average Property Price - IP14

    £310,712

    45

    National percentile

    Average Net Household Income - IP14

    £41,994

    66

    National percentile

    10-Year Annualised Price Growth - IP14

    3.0%

    30

    National percentile

    10-Year Annualised Rent Growth - IP

    4.3%

    76

    National percentile

    View full analysis for IP14

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