According to the public record, The Chestnuts, Stowmarket is a modern freehold house and with 1,571 ft2 of internal area and sits on a 1,325 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
The Street, Bacton, Stowmarket, IP14 is located in the borough of Mid Suffolk within the IP14 postal district.
The Chestnuts, Stowmarket has 2 entries in the Land Registry database, most recently in November 2022 and a single entry in the EPC database dated April 2022.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for The Chestnuts Stowmarket as £460,252 and the rental value as £1,075 per month giving an expected gross yield of 2.8%.
Over the last 12 months the sale value of The Chestnuts Stowmarket has decreased by £7,427 (1.6%) and its rental value has increased by £5 per month (0.5%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If The Chestnuts, Stowmarket is in very good condition we estimate a sale value of £483,265 and rental value of £1,128 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £428,035 and a rental value of £999 per month.
If you were able to purchase this property for the estimated value of £460,252, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,262 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to data from HM Land Registry, The Chestnuts, Stowmarket sits on a plot of 1325m2.
We have plot size data on 6 out of 20 other houses in the postcode and The Chestnuts, Stowmarket sits on the 2nd largest plot.
According to HM Land Registry, The Chestnuts, Stowmarket was last sold on 24 Nov 2022 for £595,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Nov 2022, the market for similar properties has dropped 4.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to The Chestnuts, Stowmarket within a radius of 224m over the last 2 years.
The most recent example is 4, Earlsbrook, Stowmarket, IP14 4UA, a Freehold house which sold for £500,000 in Dec 2023.
Read more about house prices in IP14.
The Street, Bacton, Stowmarket, IP14 has a total of 20 addresses. According to our analysis of all the public data, The Chestnuts, Stowmarket is the 6th largest and the 6th most expensive property on the street.
When compared to the postcode district it is £155k more expensive than the average property in IP14.
The Chestnuts, Stowmarket has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 12 Apr 2022.
The property is not connected to mains gas and has fully double glazed windows. It is heated using an oil fired boiler and radiators.
The closest station to The Chestnuts, Stowmarket is Elmswell station which is 6.4 km away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around The Chestnuts, Stowmarket, 68.2% of property is privately owned outright and 18.2% is privately owned with a mortgage.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around The Chestnuts, Stowmarket, 15.6% of residents are recorded as possessing school level qualifications and 33.8% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around The Chestnuts, Stowmarket, the average age was 46.3 and the most common age was 57.
The graph below shows how this compares to East of England and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around The Chestnuts, Stowmarket, 1.2% of property was a second home.
Comparison figures for East of England and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around The Chestnuts, Stowmarket, there are an average of 1.7 cars per household.
See below for how this compares to East of England and the rest of England & Wales.