1, MICHAELHOUSE WAY, STANTON, BURY ST EDMUNDS, IP31 2XG - £199,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 MICHAELHOUSE WAY is a small extended detached house of 84m², built sometime between 1991 and 1995. It was last sold for £199,000 in March 2010, which was around 21% below the average March 2010 detached price in the West Suffolk local authority area. The most recent EPC inspection was April 2024, where the current energy rating was C, and the potential energy rating was B.

1 MICHAELHOUSE WAY Sold Prices

Land registry data shows two sales for 1 MICHAELHOUSE WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the West Suffolk local authority area for the corresponding sale date. Both of the two 1 MICHAELHOUSE WAY sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2010 19 MAR	£199,000	£251,953	21% below HPI
2006 27 JAN	£185,000	£241,110	23% below HPI

1 MICHAELHOUSE WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Suffolk local authority area over time, sourced from the HPI. The two 1 MICHAELHOUSE WAY sales from January 2006 and March 2010 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the January 2006 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the March 2010 sale, where it rises to 21% below the HPI. The line then continues to track at 21% below the HPI.

How Large is 1 MICHAELHOUSE WAY?

1 MICHAELHOUSE WAY is 84m², which includes one extension, according to the EPC inspection conducted in April 2024. This puts it in the smallest 40% of detached houses in Stanton, based on EPC data. The below chart shows the distribution of detached houses by size in Stanton, and where 1 MICHAELHOUSE WAY lies on this distribution: 33% of detached houses are smaller than 1 MICHAELHOUSE WAY, and 66% of houses are larger. Note that EPC data is not available for all properties in Stanton.

1 MICHAELHOUSE WAY: Plot and Title Map

1 MICHAELHOUSE WAY sits on a plot of roughly 0.067 of an acre, or 271m². The below map shows the location of 1 MICHAELHOUSE WAY, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 1 MICHAELHOUSE WAY). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 1 MICHAELHOUSE WAY?

1 MICHAELHOUSE WAY is located in STANTON, in the IP31 postcode district. The below map shows the position of No. 1 on MICHAELHOUSE WAY.