2, CHARLES MELROSE CLOSE, MILDENHALL, BURY ST EDMUNDS, IP28 7BA - £243,000

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

2 CHARLES MELROSE CLOSE is a large extended detached house of 114m², built sometime between 1991 and 1995. It was last sold for £243,000 in July 2016, which was around 30% below the average July 2016 detached price in the West Suffolk local authority area. The most recent EPC inspection was June 2011, where the current energy rating was D, and the potential energy rating was C.

2 CHARLES MELROSE CLOSE Sold Prices

Land registry data shows three sales for 2 CHARLES MELROSE CLOSE 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 2 CHARLES MELROSE CLOSE 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 20 JUL	£243,000	£346,771	30% below HPI
2007 5 JUN	£237,500	£271,804	13% below HPI
1997 30 JUL	£78,500	£87,825	11% below HPI

2 CHARLES MELROSE CLOSE 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 2 CHARLES MELROSE CLOSE sales between July 1997 and July 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 June 2007 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the July 2016 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is 2 CHARLES MELROSE CLOSE?

2 CHARLES MELROSE CLOSE is 114m², which includes one extension, according to the EPC inspection conducted in June 2011. This puts it in the largest 30% of detached houses in Mildenhall, based on EPC data. The below chart shows the distribution of detached houses by size in Mildenhall, and where 2 CHARLES MELROSE CLOSE lies on this distribution: 70% of detached houses are smaller than 2 CHARLES MELROSE CLOSE, and 30% of houses are larger. Note that EPC data is not available for all properties in Mildenhall.

2 CHARLES MELROSE CLOSE: Plot and Title Map

2 CHARLES MELROSE CLOSE sits on a plot of roughly 0.083 of an acre, or 336m². The below map shows the location of 2 CHARLES MELROSE CLOSE, 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 2 CHARLES MELROSE CLOSE). 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 2 CHARLES MELROSE CLOSE?

2 CHARLES MELROSE CLOSE is located in MILDENHALL, in the IP28 postcode district. The below map shows the position of No. 2 on CHARLES MELROSE CLOSE.