31, WRIGHTS WAY, WOOLPIT, BURY ST EDMUNDS, IP30 9TY - £272,500

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

31 WRIGHTS WAY is a small extended detached house of 106m², built sometime between 1996 and 2002. It was last sold for £272,500 in May 2017, which was around 22% below the average May 2017 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was July 2016, where the current energy rating was D, and the potential energy rating was B.

31 WRIGHTS WAY Sold Prices

Land registry data shows three sales for 31 WRIGHTS 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 31 WRIGHTS 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 30 MAY	£272,500	£351,050	22% below HPI
2005 13 APR	£192,000	£224,715	15% below HPI
1997 24 OCT	£79,450	£90,248	12% below HPI

31 WRIGHTS 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 31 WRIGHTS WAY sales between October 1997 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 2005 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the May 2017 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is 31 WRIGHTS WAY?

31 WRIGHTS WAY is 106m², which includes two extensions, according to the EPC inspection conducted in July 2016. This puts it in the smallest 40% of detached houses in Woolpit, based on EPC data. The below chart shows the distribution of detached houses by size in Woolpit, and where 31 WRIGHTS WAY lies on this distribution: 32% of detached houses are smaller than 31 WRIGHTS WAY, and 68% of houses are larger. Note that EPC data is not available for all properties in Woolpit.

31 WRIGHTS WAY: Plot and Title Map

31 WRIGHTS WAY sits on a plot of roughly 0.075 of an acre, or 303m². The below map shows the location of 31 WRIGHTS 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 31 WRIGHTS 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 31 WRIGHTS WAY?

31 WRIGHTS WAY is located in WOOLPIT, in the IP30 postcode district. The below map shows the position of No. 31 on WRIGHTS WAY.