56, WRIGHTS WAY, WOOLPIT, BURY ST EDMUNDS, IP30 9TY - £245,000

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

56 WRIGHTS WAY is a midsized detached house of 122m², built sometime between 1996 and 2002. It was last sold for £245,000 in January 2012, which was around 5% below the average January 2012 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was September 2011, where the current energy rating was D, and the potential energy rating was C.

56 WRIGHTS WAY Sold Prices

Land registry data shows three sales for 56 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. One of the three 56 WRIGHTS 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
2012 6 JAN	£245,000	£257,180	5% below HPI
2000 22 SEP	£138,000	£133,312	4% above HPI
1998 15 MAY	£104,000	£93,146	12% above HPI

56 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 56 WRIGHTS WAY sales between May 1998 and January 2012 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 September 2000 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the January 2012 sale, where it falls to 5% below the HPI. The line then continues to track at 5% below the HPI.

How Large is 56 WRIGHTS WAY?

56 WRIGHTS WAY is 122m² according to the EPC inspection conducted in September 2011. This puts it in the largest 50% of detached houses in Woolpit, based on EPC data. The below chart shows the distribution of detached houses by size in Woolpit, and where 56 WRIGHTS WAY lies on this distribution: 57% of detached houses are smaller than 56 WRIGHTS WAY, and 43% of houses are larger. Note that EPC data is not available for all properties in Woolpit.

56 WRIGHTS WAY: Plot and Title Map

56 WRIGHTS WAY sits on a plot of roughly 0.068 of an acre, or 277m². The below map shows the location of 56 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 56 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 56 WRIGHTS WAY?

56 WRIGHTS WAY is located in WOOLPIT, in the IP30 postcode district. The below map shows the position of No. 56 on WRIGHTS WAY.