1, MELROSE GARDENS, NEWMARKET, CB8 0EW - £280,000

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

1 MELROSE GARDENS is a very small detached house of 59m², built sometime between 1950 and 1966. It was last sold for £280,000 in October 2018, which was around 27% below the average October 2018 detached price in the West Suffolk local authority area. The most recent EPC inspection was September 2017, where the current energy rating was D, and the potential energy rating was B.

1 MELROSE GARDENS Sold Prices

Land registry data shows three sales for 1 MELROSE GARDENS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the West Suffolk local authority area for the corresponding sale date. All of the three 1 MELROSE GARDENS 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
2018 26 OCT	£280,000	£381,651	27% below HPI
2006 3 FEB	£225,000	£238,488	6% below HPI
1997 28 AUG	£72,500	£90,533	20% below HPI

1 MELROSE GARDENS Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Suffolk local authority area over time, sourced from the HPI. The three 1 MELROSE GARDENS sales between August 1997 and October 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 February 2006 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the October 2018 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

How Large is 1 MELROSE GARDENS?

1 MELROSE GARDENS is 59m² according to the EPC inspection conducted in September 2017. This puts it in the smallest 10% of detached houses in Newmarket, based on EPC data. The below chart shows the distribution of detached houses by size in Newmarket, and where 1 MELROSE GARDENS lies on this distribution: 3% of detached houses are smaller than 1 MELROSE GARDENS, and 96% of houses are larger. Note that EPC data is not available for all properties in Newmarket.

1 MELROSE GARDENS: Plot and Title Map

1 MELROSE GARDENS sits on a plot of roughly 0.068 of an acre, or 274m². The below map shows the location of 1 MELROSE GARDENS, 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 1 MELROSE GARDENS). 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 1 MELROSE GARDENS?

1 MELROSE GARDENS is located in NEWMARKET, in the CB8 postcode district. The below map shows the position of No. 1 on MELROSE GARDENS.