23, WELLS WAY, DEBENHAM, STOWMARKET, IP14 6SL - £320,000

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

23 WELLS WAY is a small extended detached house of 85m², built sometime between 2003 and 2006. It was last sold for £320,000 in October 2023, which was around 24% below the average October 2023 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was December 2014, where the current energy rating was C, and the potential energy rating was B.

23 WELLS WAY Sold Prices

Land registry data shows three sales for 23 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. All of the three 23 WELLS 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 16 OCT	£320,000	£422,854	24% below HPI
2010 19 JAN	£202,500	£240,464	16% below HPI
2008 17 MAR	£240,000	£268,419	11% below HPI

23 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 23 WELLS WAY sales between March 2008 and October 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 January 2010 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the October 2023 sale, where it falls to 24% below the HPI. The line then continues to track at 24% below the HPI.

How Large is 23 WELLS WAY?

23 WELLS WAY is 85m², which includes one extension, according to the EPC inspection conducted in December 2014. This puts it in the smallest 30% of detached houses in Debenham, based on EPC data. The below chart shows the distribution of detached houses by size in Debenham, and where 23 WELLS WAY lies on this distribution: 25% of detached houses are smaller than 23 WELLS WAY, and 73% of houses are larger. Note that EPC data is not available for all properties in Debenham.

23 WELLS WAY: Plot and Title Map

23 WELLS WAY sits on a plot of roughly 0.063 of an acre, or 255m². The below map shows the location of 23 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 23 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 23 WELLS WAY?

23 WELLS WAY is located in DEBENHAM, in the IP14 postcode district. The below map shows the position of No. 23 on WELLS WAY.