3, GLEBE WAY, MENDLESHAM, STOWMARKET, IP14 5TL - £310,000

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

3 GLEBE WAY is a midsized extended detached house of 109m², built sometime between 1983 and 1990. It was last sold for £310,000 in May 2017, which was around 12% below the average May 2017 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was January 2013, where the current energy rating was D, and the potential energy rating was B.

3 GLEBE WAY Sold Prices

Land registry data shows two sales for 3 GLEBE 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 Mid Suffolk local authority area for the corresponding sale date. Both of the two 3 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
2017 31 MAY	£310,000	£351,050	12% below HPI
2013 4 APR	£243,000	£252,668	4% below HPI

3 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 two 3 GLEBE WAY sales from April 2013 and May 2017 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 April 2013 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the May 2017 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

How Large is 3 GLEBE WAY?

3 GLEBE WAY is 109m², which includes one extension, according to the EPC inspection conducted in January 2013. This puts it in the largest 50% of detached houses in Mendlesham, based on EPC data. The below chart shows the distribution of detached houses by size in Mendlesham, and where 3 GLEBE WAY lies on this distribution: 55% of detached houses are smaller than 3 GLEBE WAY, and 45% of houses are larger. Note that EPC data is not available for all properties in Mendlesham.

3 GLEBE WAY: Plot and Title Map

3 GLEBE WAY sits on a plot of roughly 0.085 of an acre, or 342m². The below map shows the location of 3 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 3 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 3 GLEBE WAY?

3 GLEBE WAY is located in MENDLESHAM, in the IP14 postcode district. The below map shows the position of No. 3 on GLEBE WAY.