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

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.

1 MELROSE GARDENS is a very small detached house of 59m², built sometime between 1950 and 1966, which could now be worth an estimated £325,013. It was last sold for £280,000 in October 2018, which was around 28% 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	£386,593	28% below HPI
2006 3 FEB	£225,000	£241,576	7% below HPI
1997 28 AUG	£72,500	£91,706	21% 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 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the October 2018 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

What might 1 MELROSE GARDENS be worth now?

1 MELROSE GARDENS might now be worth an estimated £325,013.

This is based on house price inflation of 16.1%, between October 2018 and March 2025, for detached houses, in the West Suffolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 16.1% inflationary increase is applied to the most recent sale price for 1 MELROSE GARDENS of £280,000 on 26th October 2018. For the value to have increased from £280,000 to £325,013 over the seven years and seven months to March 2025, the following assumptions must hold true:

• The value of 1 MELROSE GARDENS has moved in line with the HPI for detached houses in the West Suffolk local authority area.
• The October 2018 sale price of £280,000 represented a fair market value for the property.
• The size, condition, and specification of 1 MELROSE GARDENS has not materially changed since October 2018.

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 houses in Newmarket, based on EPC data. The below chart shows the distribution of detached houses houses by size in Newmarket, and where 1 MELROSE GARDENS lies on this distribution: 3% of detached houses 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.