7, ELM WAY, BACTON, STOWMARKET, IP14 4NX - £188,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

7 ELM WAY is a small extended detached house of 78m², built sometime between 1967 and 1975, which could now be worth an estimated £260,983. It was last sold for £188,000 in September 2015, which was around 41% below the average September 2015 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was January 2015, where the current energy rating was E, and the potential energy rating was B.

7 ELM WAY Sold Prices

Land registry data shows two sales for 7 ELM 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 7 ELM 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
2015 18 SEP	£188,000	£317,799	41% below HPI
2008 27 AUG	£127,000	£265,877	52% below HPI

7 ELM 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 7 ELM WAY sales from August 2008 and September 2015 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 August 2008 sale was for 52% below the HPI. So the extrapolation line tracks at 52% below the HPI over time, until the September 2015 sale, where it rises to 41% below the HPI. The line then continues to track at 41% below the HPI.

What might 7 ELM WAY be worth now?

7 ELM WAY might now be worth an estimated £260,983.

This is based on house price inflation of 38.8%, between September 2015 and December 2024, for detached houses, in the Mid Suffolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 38.8% inflationary increase is applied to the most recent sale price for 7 ELM WAY of £188,000 on 18th September 2015. For the value to have increased from £188,000 to £260,983 over the eight years and nine months to December 2024, the following assumptions must hold true:

• The value of 7 ELM WAY has moved in line with the HPI for detached houses in the Mid Suffolk local authority area.
• The September 2015 sale price of £188,000 represented a fair market value for the property.
• The size, condition, and specification of 7 ELM WAY has not materially changed since September 2015.

How Large is 7 ELM WAY?

7 ELM WAY is 78m², which includes one extension, according to the EPC inspection conducted in January 2015. This puts it in the smallest 30% of detached houses houses in Bacton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bacton, and where 7 ELM WAY lies on this distribution: 22% of detached houses houses are smaller than 7 ELM WAY, and 76% of houses are larger. Note that EPC data is not available for all properties in Bacton.

7 ELM WAY: Plot and Title Map

7 ELM WAY sits on a plot of roughly 0.082 of an acre, or 333m². The below map shows the location of 7 ELM 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 7 ELM 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 7 ELM WAY?

7 ELM WAY is located in BACTON, in the IP14 postcode district. The below map shows the position of No. 7 on ELM WAY.