3 Drake Close, Stowmarket, IP14 1UP is a leasehold flat built between 1996-2002. The property offers approximately 624 square feet of living space and is situated on the 1st floor. In this location, apartments of similar size usually have one bedroom.

The estimated current market value of the property is £140,496 , which equates to approximately £225 per square foot. It was last sold on 21 Oct 2005 for £103,500. Since then, the value has increased by £36,996, representing a 35.7% increase, or approximately 1.8% per year.

The current estimated value of £140,496 is:

  • 16.0% lower than the average property price on Drake Close
  • 13.4% lower than the average in the IP14 1UP postcode area
  • and 48.8% lower than the average price for Stowmarket as a whole

At the most recent EPC inspection on 24 September 2022, the property was recorded as rented.

View sold house prices in IP14 1UP

Building approximate location

About Property

Type
Flat
Built
1996-2002
Interior Size
624 sq ft
Tenure
Leasehold
Floor level
1st floor
Price (estimate)
£140,496
Price Per sq ft (estimate)
£225
Bedroom Count (estimate)
1 bedroom

EPC Summary

3 Drake Close, Stowmarket, Mid Suffolk, Suffolk, IP14 1UP has an Energy Performance Certificate (EPC) rating of D, based on the latest assessment carried out on 24 Sep 2022.

This property is heated by electric storage heaters and electric room heaters. Hot water is provided from off-peak electric immersion heater. The windows are fully double glazed.

The previous EPC assessment was conducted on 10 Oct 2012, when the property was rated C. The current rating of D reflects a decline in energy efficiency of 13.9%.

Since the previous assessment, several changes were observed:

  • The heating system was upgraded from electric storage heaters to electric storage heaters, room heaters, electric, improving energy efficiency from poor to average.
  • The hot water energy efficiency changing from average to very poor, while the system remained as electric immersion, off-peak.
  • The roof construction or insulation changed from pitched, 250mm loft insulation to pitched, 50 mm loft insulation, changing energy efficiency from good to poor.
  • The lighting was updated from low energy lighting in 17% of fixed outlets to low energy lighting in 43% of fixed outlets, with efficiency improving from poor to average.
Heating Type
Electric storage heaters, Room heaters, electric
Average
Hot Water
Electric immersion, off-peak
Very Poor
Roof
Pitched, 50 mm loft insulation
Poor
Walls
Cavity wall, as built, insulated (assumed)
Good
Windows
Fully double glazed
Average
Lighting
Low energy lighting in 43% of fixed outlets
Average

Compared to IP14 1UP

23 rd / 31
Price Rank
13% lower than average
8 th / 25
Size Rank
13% bigger than average
25 th / 25
Price Per Sq FT Rank
24% lower than average

Compared to other properties in IP14 1UP , this flat's estimated value ranks 23th out of 31. Based on price per square foot, it ranks 25th out of 25 properties. This indicates a lower price per square foot than most, suggesting good value for the space offered. In terms of size, this home ranks 8th out of 25 properties in its postcode area.

Sale History

Today
£140,496
streetscan.co.uk estimate
+36 %
21 Oct 2005
£103,500
Leasehold

Area Insights

Similar Properties Sold Nearby

6 Drake Close, Stowmarket, IP14 1UP
rooms: 3
size: 592 sq ft
sale price: £151,000
sale date: 2 Mar 2017

Data Sources

The property at 3 Drake Close, Stowmarket, Mid Suffolk, Suffolk, IP14 1UP appears once in the Land Registry records, with the transaction recorded on 21 Oct 2005. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 24 Sep 2022. We use this data, to estimate the property's characteristics and current market value.

This website uses public sector information from:

These datasets are licensed under the Open Government Licence v3.0.
This website is not affiliated with or endorsed by HM Land Registry or DLUHC.


Disclaimer: StreetScan.co.uk makes all reasonable efforts to ensure the information provided on this website is current and accurate; however, no warranties or representations are made as to its completeness or accuracy. StreetScan.co.uk expressly disclaims any and all liability for any loss, damage, or expense arising directly or indirectly from the use of, or reliance upon, such information.
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