8, WELLS WAY, DEBENHAM, STOWMARKET, IP14 6SL - £407,500

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

8 WELLS WAY is a large detached house of 140m², built sometime between 2003 and 2006. It was last sold for £407,500 in September 2021, which was around 5% above the average September 2021 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was September 2019, where the current energy rating was C, and the potential energy rating was B.

8 WELLS WAY Sold Prices

Land registry data shows two sales for 8 WELLS 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 8 WELLS WAY sales 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
2021 28 SEP	£407,500	£389,810	5% above HPI
2004 3 AUG	£275,000	£227,894	21% above HPI

8 WELLS 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 8 WELLS WAY sales from August 2004 and September 2021 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 2004 sale was for 21% above the HPI. So the extrapolation line tracks at 21% above the HPI over time, until the September 2021 sale, where it falls to 5% above the HPI. The line then continues to track at 5% above the HPI.

How Large is 8 WELLS WAY?

8 WELLS WAY is 140m² according to the EPC inspection conducted in September 2019. This puts it in the largest 40% of detached houses in Debenham, based on EPC data. The below chart shows the distribution of detached houses by size in Debenham, and where 8 WELLS WAY lies on this distribution: 69% of detached houses are smaller than 8 WELLS WAY, and 31% of houses are larger. Note that EPC data is not available for all properties in Debenham.

8 WELLS WAY: Plot and Title Map

8 WELLS WAY sits on a plot of roughly 0.106 of an acre, or 430m². The below map shows the location of 8 WELLS 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 8 WELLS 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 8 WELLS WAY?

8 WELLS WAY is located in DEBENHAM, in the IP14 postcode district. The below map shows the position of No. 8 on WELLS WAY.