21, GLEBE WAY, MENDLESHAM, STOWMARKET, IP14 5TL - £280,000

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

21 GLEBE WAY is a very small detached house of 48m², built sometime between 1991 and 1995. It was last sold for £280,000 in June 2023, which was around 34% below the average June 2023 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was October 2022, where the current energy rating was D, and the potential energy rating was B.

21 GLEBE WAY Sold Prices

Land registry data shows four sales for 21 GLEBE WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Mid Suffolk local authority area for the corresponding sale date. All of the four 21 GLEBE 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
2023 28 JUN	£280,000	£421,769	34% below HPI
2022 30 NOV	£305,000	£451,794	32% below HPI
2012 27 JUL	£177,000	£253,825	30% below HPI
2003 17 JAN	£142,500	£194,592	27% below HPI

21 GLEBE 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 four 21 GLEBE WAY sales between January 2003 and June 2023 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 November 2022 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the June 2023 sale, where it falls to 34% below the HPI. The line then continues to track at 34% below the HPI.

How Large is 21 GLEBE WAY?

21 GLEBE WAY is 48m² according to the EPC inspection conducted in October 2022. This puts it in the smallest 10% of detached houses in Mendlesham, based on EPC data. The below chart shows the distribution of detached houses by size in Mendlesham, and where 21 GLEBE WAY lies on this distribution: Less than 1% of detached houses are smaller than 21 GLEBE WAY, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Mendlesham.

21 GLEBE WAY: Plot and Title Map

21 GLEBE WAY sits on a plot of roughly 0.066 of an acre, or 266m². The below map shows the location of 21 GLEBE 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 21 GLEBE 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 21 GLEBE WAY?

21 GLEBE WAY is located in MENDLESHAM, in the IP14 postcode district. The below map shows the position of No. 21 on GLEBE WAY.