Mill Cottage, Stowmarket
Mill Cottage, Stowmarket
Description & Estimates
Mill Cottage, Stowmarket is recorded publicly as a period freehold house across 1,062 ft2 of internal area, sitting on a 264 m2 plot.
Locally, houses of this size normally have 3 bedrooms with a garden.
Our estimate of the sale value of Mill Cottage, Stowmarket is £396,529 and its rental estimate is £1,165 per month, given the available information and assuming reasonable condition.
Wetheringsett, Stowmarket, IP14 falls within the IP14 postal district, in the borough of Mid Suffolk.
Our Data Sources
Mill Cottage, Stowmarket has 41 entries in the Land Registry , most recently in April 2018 and a single entry in the EPC database dated May 2010.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low 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 Mill Cottage, Stowmarket, we estimate a market value of £416,356 and a rental value of £1,223 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £368,772 and £1,084 per month respectively.
Recent Market Change
Over the last year, Mill Cottage, Stowmarket has seen its estimated sale value fall by £16,202 (4.1%) and its estimated rental value move up by £30 per month (2.6%). This results in an estimated gross rental yield of 3.5%.
Plot Size
HM Land Registry records the plot of land for Mill Cottage, Stowmarket as measuring 264 m2.
That makes it the 8th largest plot in the postcode, where 8 of the 14 other houses have recorded plot data.
Energy Efficiency
Mill Cottage, Stowmarket has an Energy Performance Rating (EPC) of F. This is based on the most recent assessment, dated 27 May 2010.
The property is not connected to mains gas and has single glazed windows. It is heated using Electric storage heaters.
Sold Prices
The most recent sale of Mill Cottage, Stowmarket completed on 12th April 2018 at £350,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold 4 times.
Values of comparable properties have risen by 2.1% over the period since April 2018.
- Sold Apr 2018£350,000
- Sold Aug 2013£250,000
- Sold Feb 2003£198,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Mill Cottage, Stowmarket have sold within a radius of 5.0 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 24th November 2021, was Nursery Bungalow, The Street, Stowmarket, IP14 5PE, a freehold house which sold for £400,000.
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 30 addresses on Wetheringsett, Stowmarket, IP14, Mill Cottage, Stowmarket comes out as the 28th largest and the 23rd most expensive in our analysis of the public data.
It is also £92k more expensive than the average property across the IP14 district.
More reading links
Schools Nearby
- 200mWetheringsett Church of England Primary School
- 2.8kmMendlesham Primary School
- 3.2kmThorndon Church of England Primary School
- 5.4kmDebenham High School
- 7.3kmHartismere School
- 9.1kmStowupland High School
More reading links
Public Transport Nearby
From Mill Cottage, Stowmarket, the nearest station is Stowmarket, 11.0 kilometres away.
- 11.0kmStowmarket
- 12.5kmNeedham Market
- 12.8kmDiss
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 high, based on Environment Agency data.
