16, WELLS WAY, DEBENHAM, STOWMARKET, IP14 6SL - £350,000

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

16 WELLS WAY is a large extended detached house of 134m², built sometime from 2007 onwards. It was last sold for £350,000 in March 2019, which was around 6% below the average March 2019 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was January 2019, where the current energy rating was C, and the potential energy rating was B.

16 WELLS WAY Sold Prices

Land registry data shows three sales for 16 WELLS WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Mid Suffolk local authority area for the corresponding sale date. One of the three 16 WELLS WAY sales was for below the average price, whilst two 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
2019 12 MAR	£350,000	£372,776	6% below HPI
2010 8 JAN	£283,000	£240,464	18% above HPI
2007 17 DEC	£307,950	£280,837	10% above HPI

16 WELLS WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Mid Suffolk local authority area over time, sourced from the HPI. The three 16 WELLS WAY sales between December 2007 and March 2019 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 2010 sale was for 18% above the HPI. So the extrapolation line tracks at 18% above the HPI over time, until the March 2019 sale, where it falls to 6% below the HPI. The line then continues to track at 6% below the HPI.

How Large is 16 WELLS WAY?

16 WELLS WAY is 134m², which includes one extension, according to the EPC inspection conducted in January 2019. This puts it in the largest 40% of detached houses in Debenham, based on EPC data. The below chart shows the distribution of detached houses by size in Debenham, and where 16 WELLS WAY lies on this distribution: 64% of detached houses are smaller than 16 WELLS WAY, and 36% of houses are larger. Note that EPC data is not available for all properties in Debenham.

16 WELLS WAY: Plot and Title Map

16 WELLS WAY sits on a plot of roughly 0.103 of an acre, or 415m². The below map shows the location of 16 WELLS 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 16 WELLS 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 16 WELLS WAY?

16 WELLS WAY is located in DEBENHAM, in the IP14 postcode district. The below map shows the position of No. 16 on WELLS WAY.