1, SCOTT LANE, MELTON, WOODBRIDGE, IP12 1TJ - £365,000

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 SCOTT LANE is a large detached house of 160m², built sometime between 1996 and 2002. It was last sold for £365,000 in March 2006, which was around 64% above the average March 2006 detached price in the East Suffolk local authority area. The most recent EPC inspection was April 2016, where the current energy rating was C, and the potential energy rating was B.

1 SCOTT LANE Sold Prices

Land registry data shows two sales for 1 SCOTT LANE 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 1 SCOTT LANE 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
2006 31 MAR	£365,000	£222,557	64% above HPI
2003 9 MAY	£350,000	£184,148	90% above HPI

1 SCOTT LANE 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 1 SCOTT LANE sales from May 2003 and March 2006 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 2003 sale was for 90% above the HPI. So the extrapolation line tracks at 90% above the HPI over time, until the March 2006 sale, where it falls to 64% above the HPI. The line then continues to track at 64% above the HPI.

How Large is 1 SCOTT LANE?

1 SCOTT LANE is 160m² according to the EPC inspection conducted in April 2016. 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 1 SCOTT LANE lies on this distribution: 72% of detached houses are smaller than 1 SCOTT LANE, and 27% of houses are larger. Note that EPC data is not available for all properties in Melton.

1 SCOTT LANE: Plot and Title Map

1 SCOTT LANE sits on a plot of roughly 0.118 of an acre, or 476m². The below map shows the location of 1 SCOTT LANE, 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 SCOTT LANE). 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 SCOTT LANE?

1 SCOTT LANE is located in MELTON, in the IP12 postcode district. The below map shows the position of No. 1 on SCOTT LANE.