8, CAGES WAY, MELTON, WOODBRIDGE, IP12 1TE - £570,000

8 CAGES WAY is a large detached house of 164m², built sometime between 1996 and 2002. It was last sold for £570,000 in August 2018, which was around 59% above the average August 2018 detached price in the East Suffolk local authority area. The most recent EPC inspection was January 2018, where the current energy rating was D, and the potential energy rating was C.

8 CAGES WAY Sold Prices

Land registry data shows two sales for 8 CAGES 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 East Suffolk local authority area for the corresponding sale date. Both of the two 8 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
2018 24 AUG	£570,000	£357,858	59% above HPI
2000 12 JUL	£220,000	£116,099	89% above HPI

8 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 two 8 CAGES WAY sales from July 2000 and August 2018 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 July 2000 sale was for 89% above the HPI. So the extrapolation line tracks at 89% above the HPI over time, until the August 2018 sale, where it falls to 59% above the HPI. The line then continues to track at 59% above the HPI.

How Large is 8 CAGES WAY?

8 CAGES WAY is 164m² according to the EPC inspection conducted in January 2018. This puts it in the largest 30% of detached houses in Melton, based on EPC data. The below chart shows the distribution of detached houses by size in Melton, and where 8 CAGES WAY lies on this distribution: 76% of detached houses are smaller than 8 CAGES WAY, and 23% of houses are larger. Note that EPC data is not available for all properties in Melton.

8 CAGES WAY: Plot and Title Map

8 CAGES WAY sits on a plot of roughly 0.189 of an acre, or 764m². The below map shows the location of 8 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 8 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 8 CAGES WAY?

8 CAGES WAY is located in MELTON, in the IP12 postcode district. The below map shows the position of No. 8 on CAGES WAY.