31 Drake Close, Stowmarket, IP14 1UP is a leasehold flat built between 1996-2002. The property offers approximately 441 square feet of living space. In this location, apartments of similar size usually have one bedroom.

The estimated current market value of the property is £117,250 , which equates to approximately £266 per square foot. It was last sold on 31 Mar 2016 for £100,000. Since then, the value has increased by £17,250, representing a 17.3% increase, or approximately 1.8% per year.

The current estimated value of £117,250 is:

  • 29.9% lower than the average property price on Drake Close
  • 27.8% lower than the average in the IP14 1UP postcode area
  • and 57.3% lower than the average price for Stowmarket as a whole

At the most recent EPC inspection on 1 November 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
441 sq ft
Tenure
Leasehold
Price (estimate)
£117,250
Price Per sq ft (estimate)
£266
Bedroom Count (estimate)
1 bedroom

EPC Summary

31 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 1 Nov 2022.

This property uses electric room heaters as its main heating source. A standard tariff electric immersion heater is used to provide hot water. The windows are fully double glazed.

The previous EPC assessment was conducted on 16 Feb 2009, when the property was rated E. Since then, the rating has improved to D, with the energy efficiency score increasing by 1.9%.

Since the previous assessment, several changes were observed:

  • The heating system was upgraded from electric storage heaters to room heaters, electric, changing energy efficiency from average to very poor.
  • The hot water system changed from electric immersion, off-peak to electric immersion, standard tariff, with no change in energy efficiency (very poor).
  • The lighting was changed from low energy lighting in 80% of fixed outlets to low energy lighting in all fixed outlets, with no change in efficiency (very good).
Heating Type
Room heaters, electric
Very Poor
Hot Water
Electric immersion, standard tariff
Very Poor
Walls
Cavity wall, as built, insulated (assumed)
Good
Windows
Fully double glazed
Good
Lighting
Low energy lighting in all fixed outlets
Very Good

Compared to IP14 1UP

26 th / 31
Price Rank
28% lower than average
16 th / 25
Size Rank
20% smaller than average
18 th / 25
Price Per Sq FT Rank
10% lower than average

Compared to other properties in IP14 1UP , this flat's estimated value ranks 26th out of 31. Based on price per square foot, it ranks 18th 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 16th out of 25 properties in its postcode area.

Sale History

Today
£117,250
streetscan.co.uk estimate
+17 %
31 Mar 2016
£100,000
Leasehold
+13.6 %
2 Jan 2014
£88,000
Leasehold
+18.9 %
31 Jan 2011
£74,000
Leasehold
+51 %
26 Oct 2001
£49,000
Leasehold
+36.1 %
21 Sep 1999
£36,000
Leasehold
+23.1 %
12 Jul 1996
£29,250
Leasehold

Area Insights

Similar Properties Sold Nearby

17 Drake Close, Stowmarket, IP14 1UP
rooms: 2
size: 463 sq ft
sale price: £126,000
sale date: 5 Apr 2023
16 Drake Close, Stowmarket, IP14 1UP
rooms: 2
size: 452 sq ft
sale price: £132,000
sale date: 31 Aug 2022
30 Drake Close, Stowmarket, IP14 1UP
rooms: 2
size: 506 sq ft
sale price: £115,000
sale date: 5 May 2022
7 Drake Close, Stowmarket, IP14 1UP
rooms: 3
size: 506 sq ft
sale price: £120,000
sale date: 30 Jun 2021
5 Drake Close, Stowmarket, IP14 1UP
rooms: 3
size: 420 sq ft
sale price: £130,000
sale date: 24 Jul 2015

Data Sources

The property at 31 Drake Close, Stowmarket, IP14 1UP appears six times in the Land Registry records, with the latest transaction recorded on 31 Mar 2016. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 1 Nov 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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