33, Ridgeway
33, Ridgeway
Description & Estimates
33, Ridgeway, Stowmarket is recorded publicly as a mid-century leasehold apartment across 559 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of 33, Ridgeway, Stowmarket is £132,646 and its rental estimate is £724 per month, given the available information and assuming reasonable condition.
Ridgeway, Stowmarket, IP14 falls within the IP14 postal district, in the borough of Mid Suffolk.
Our Data Sources
33, Ridgeway, Stowmarket has 2 entries in the Land Registry , most recently in December 2022 and a single entry in the EPC database dated June 2024.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 out of 5 and is considered of high accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 33, Ridgeway, Stowmarket, we estimate a market value of £139,278 and a rental value of £760 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £123,360 and £673 per month respectively.
Recent Market Change
Over the last year, 33, Ridgeway, Stowmarket has seen its estimated sale value move down by £4,391 (3.3%) and its estimated rental value increase by £26 per month (3.6%). This results in an estimated gross rental yield of 6.5%.
Energy Efficiency
33, Ridgeway, Stowmarket has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 06 Jun 2024.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
Sold Prices
The most recent sale of 33, Ridgeway, Stowmarket completed on 20th December 2022 at £140,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold twice.
Values of comparable properties have risen by 0.1% over the period since December 2022.
- Sold Dec 2022£140,000
- Sold Jul 2016£105,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 33, Ridgeway, Stowmarket have sold within a radius of 670 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 29th November 2024, was 27, Ridgeway, Stowmarket, IP14 1SW, a leasehold flat which sold for £105,000.
Read more about house prices in IP14.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 37 addresses on Ridgeway, Stowmarket, IP14, 33, Ridgeway, Stowmarket comes out as the 25th largest and the 27th most expensive in our analysis of the public data.
It is also £172k less expensive than the average property across the IP14 district.
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Schools Nearby
- 500mWood Ley Community Primary School
- 700mChilton Community Primary School
- 1.0kmAbbot's Hall Community Primary School
- 200mStowmarket High School
- 3.2kmStowupland High School
- 13.2kmClaydon High School
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Public Transport Nearby
From 33, Ridgeway, Stowmarket, the nearest station is Stowmarket, 1.5 kilometres away.
- 1.5kmStowmarket
- 6.7kmNeedham Market
- 7.0kmElmswell
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
