19, MELROSE GARDENS, NEWMARKET, CB8 0EW - £335,000

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.

19 MELROSE GARDENS is a very small extended detached house of 72m², built sometime between 1967 and 1975, which could now be worth an estimated £421,762. It was last sold for £335,000 in November 2016, which was around 6% below the average November 2016 detached price in the West Suffolk local authority area. The most recent EPC inspection was September 2016, where the current energy rating was C, and the potential energy rating was B.

19 MELROSE GARDENS Sold Prices

Land registry data shows two sales for 19 MELROSE GARDENS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the West Suffolk local authority area for the corresponding sale date. Both of the two 19 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
2016 22 NOV	£335,000	£356,430	6% below HPI
2016 11 MAR	£195,000	£342,017	43% below HPI

19 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 two 19 MELROSE GARDENS sales from March 2016 and November 2016 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 March 2016 sale was for 43% below the HPI. So the extrapolation line tracks at 43% below the HPI over time, until the November 2016 sale, where it rises to 6% below the HPI. The line then continues to track at 6% below the HPI.

What might 19 MELROSE GARDENS be worth now?

19 MELROSE GARDENS might now be worth an estimated £421,762.

This is based on house price inflation of 25.9%, between November 2016 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 25.9% inflationary increase is applied to the most recent sale price for 19 MELROSE GARDENS of £335,000 on 22nd November 2016. For the value to have increased from £335,000 to £421,762 over the nine years and eight months to March 2025, the following assumptions must hold true:

• The value of 19 MELROSE GARDENS has moved in line with the HPI for detached houses in the West Suffolk local authority area.
• The November 2016 sale price of £335,000 represented a fair market value for the property.
• The size, condition, and specification of 19 MELROSE GARDENS has not materially changed since November 2016.

How Large is 19 MELROSE GARDENS?

19 MELROSE GARDENS is 72m², which includes one extension, according to the EPC inspection conducted in September 2016. This puts it in the smallest 20% 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 19 MELROSE GARDENS lies on this distribution: 11% of detached houses houses are smaller than 19 MELROSE GARDENS, and 88% of houses are larger. Note that EPC data is not available for all properties in Newmarket.

19 MELROSE GARDENS: Plot and Title Map

19 MELROSE GARDENS sits on a plot of roughly 0.076 of an acre, or 307m². The below map shows the location of 19 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 19 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 19 MELROSE GARDENS?

19 MELROSE GARDENS is located in NEWMARKET, in the CB8 postcode district. The below map shows the position of No. 19 on MELROSE GARDENS.