23, CAGES WAY, MELTON, WOODBRIDGE, IP12 1TE - £940,000

23 CAGES WAY is a very large extended detached house of 283m², built sometime between 1996 and 2002. It was last sold for £940,000 in July 2017, which was around 182% above the average July 2017 detached price in the East Suffolk local authority area. The most recent EPC inspection was May 2017, where the current energy rating was C, and the potential energy rating was C.

23 CAGES WAY Sold Prices

Land registry data shows three sales for 23 CAGES 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 23 CAGES 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
2017 19 JUL	£940,000	£333,760	182% above HPI
2012 1 MAY	£730,000	£250,962	191% above HPI
2002 15 JUL	£497,000	£158,620	213% above HPI

23 CAGES 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 23 CAGES WAY sales between July 2002 and July 2017 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 May 2012 sale was for 191% above the HPI. So the extrapolation line tracks at 191% above the HPI over time, until the July 2017 sale, where it falls to 182% above the HPI. The line then continues to track at 182% above the HPI.

How Large is 23 CAGES WAY?

23 CAGES WAY is 283m², which includes two extensions, according to the EPC inspection conducted in May 2017. This puts it in the largest 10% of detached houses in Melton, based on EPC data. The below chart shows the distribution of detached houses by size in Melton, and where 23 CAGES WAY lies on this distribution: 97% of detached houses are smaller than 23 CAGES WAY, and 3% of houses are larger. Note that EPC data is not available for all properties in Melton.

23 CAGES WAY: Plot and Title Map

23 CAGES WAY sits on a plot of roughly 0.649 of an acre, or 2,626m². The below map shows the location of 23 CAGES 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 23 CAGES 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 23 CAGES WAY?

23 CAGES WAY is located in MELTON, in the IP12 postcode district. The below map shows the position of No. 23 on CAGES WAY.