2, WILKINSON WAY, MELTON, WOODBRIDGE, IP12 1SS - £495,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

2 WILKINSON WAY is a small detached house of 117m², built sometime between 1983 and 1990, which could now be worth an estimated £573,229. It was last sold for £495,000 in June 2020, which was around 40% above the average June 2020 detached price in the East 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.

2 WILKINSON WAY Sold Prices

Land registry data shows three sales for 2 WILKINSON 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 East Suffolk local authority area for the corresponding sale date. All of the three 2 WILKINSON 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
2020 25 JUN	£495,000	£352,315	40% above HPI
2012 13 JAN	£300,000	£260,177	15% above HPI
1999 10 DEC	£150,250	£102,241	47% above HPI

2 WILKINSON WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Suffolk local authority area over time, sourced from the HPI. The three 2 WILKINSON WAY sales between December 1999 and June 2020 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 January 2012 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the June 2020 sale, where it rises to 40% above the HPI. The line then continues to track at 40% above the HPI.

What might 2 WILKINSON WAY be worth now?

2 WILKINSON WAY might now be worth an estimated £573,229.

This is based on house price inflation of 15.8%, between June 2020 and May 2026, for detached houses, in the East Suffolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 15.8% inflationary increase is applied to the most recent sale price for 2 WILKINSON WAY of £495,000 on 25th June 2020. For the value to have increased from £495,000 to £573,229 over the six years and one month to May 2026, the following assumptions must hold true:

• The value of 2 WILKINSON WAY has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The June 2020 sale price of £495,000 represented a fair market value for the property.
• The size, condition, and specification of 2 WILKINSON WAY has not materially changed since June 2020.

How Large is 2 WILKINSON WAY?

2 WILKINSON WAY is 117m² according to the EPC inspection conducted in September 2011. This puts it in the smallest 40% of detached houses houses in Woodbridge, based on EPC data. The below chart shows the distribution of detached houses houses by size in Woodbridge, and where 2 WILKINSON WAY lies on this distribution: 37% of detached houses houses are smaller than 2 WILKINSON WAY, and 62% of houses are larger. Note that EPC data is not available for all properties in Woodbridge.

2 WILKINSON WAY: Plot and Title Map

2 WILKINSON WAY sits on a plot of roughly 0.084 of an acre, or 338m². The below map shows the location of 2 WILKINSON 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 2 WILKINSON 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 2 WILKINSON WAY?

2 WILKINSON WAY is located in MELTON, in the IP12 postcode district. The below map shows the position of No. 2 on WILKINSON WAY.