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

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

7 ELM WAY is a small extended detached house of 78m², built sometime between 1967 and 1975. It was last sold for £188,000 in September 2015, which was around 39% 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	£310,485	39% below HPI
2008 27 AUG	£127,000	£259,757	51% 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 51% below the HPI. So the extrapolation line tracks at 51% below the HPI over time, until the September 2015 sale, where it rises to 39% below the HPI. The line then continues to track at 39% below the HPI.

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 in Bacton, based on EPC data. The below chart shows the distribution of detached houses by size in Bacton, and where 7 ELM WAY lies on this distribution: 23% of detached houses are smaller than 7 ELM WAY, and 75% 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.