11, CAGES WAY, MELTON, WOODBRIDGE, IP12 1TE - £730,000

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

11 CAGES WAY is a very large extended detached house of 192m², built sometime between 1996 and 2002. It was last sold for £730,000 in February 2024, which was around 71% above the average February 2024 detached price in the East Suffolk local authority area. The most recent EPC inspection was September 2023, where the current energy rating was D, and the potential energy rating was C.

11 CAGES WAY Sold Prices

Land registry data shows two sales for 11 CAGES 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 East Suffolk local authority area for the corresponding sale date. Both of the two 11 CAGES WAY sales were for above 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
2024 16 FEB	£730,000	£427,316	71% above HPI
2001 17 MAY	£295,000	£129,339	128% above HPI

11 CAGES WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Suffolk local authority area over time, sourced from the HPI. The two 11 CAGES WAY sales from May 2001 and February 2024 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 May 2001 sale was for 128% above the HPI. So the extrapolation line tracks at 128% above the HPI over time, until the February 2024 sale, where it falls to 71% above the HPI. The line then continues to track at 71% above the HPI.

How Large is 11 CAGES WAY?

11 CAGES WAY is 192m², which includes two extensions, according to the EPC inspection conducted in September 2023. This puts it in the largest 20% of detached houses in Melton, based on EPC data. The below chart shows the distribution of detached houses by size in Melton, and where 11 CAGES WAY lies on this distribution: 82% of detached houses are smaller than 11 CAGES WAY, and 18% of houses are larger. Note that EPC data is not available for all properties in Melton.

11 CAGES WAY: Plot and Title Map

11 CAGES WAY sits on a plot of roughly 0.184 of an acre, or 743m². The below map shows the location of 11 CAGES 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 11 CAGES 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 11 CAGES WAY?

11 CAGES WAY is located in MELTON, in the IP12 postcode district. The below map shows the position of No. 11 on CAGES WAY.