2, GARROD APPROACH, MELTON, WOODBRIDGE, IP12 1TD - £245,000

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 GARROD APPROACH is a very small detached house of 80m², built sometime between 1996 and 2002. It was last sold for £245,000 in December 2004, which was around 11% above the average December 2004 detached price in the East Suffolk local authority area. The most recent EPC inspection was June 2023, where the current energy rating was C, and the potential energy rating was B.

2 GARROD APPROACH Sold Prices

Land registry data shows three sales for 2 GARROD APPROACH since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the East Suffolk local authority area for the corresponding sale date. Two of the three 2 GARROD APPROACH sales were for above the average price, whilst one was 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
2004 7 DEC	£245,000	£220,636	11% above HPI
2003 21 AUG	£182,000	£190,047	4% below HPI
2000 25 AUG	£136,950	£118,997	15% above HPI

2 GARROD APPROACH 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 three 2 GARROD APPROACH sales between August 2000 and December 2004 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 August 2003 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the December 2004 sale, where it rises to 11% above the HPI. The line then continues to track at 11% above the HPI.

How Large is 2 GARROD APPROACH?

2 GARROD APPROACH is 80m² according to the EPC inspection conducted in June 2023. This puts it in the smallest 20% of detached houses in Melton, based on EPC data. The below chart shows the distribution of detached houses by size in Melton, and where 2 GARROD APPROACH lies on this distribution: 14% of detached houses are smaller than 2 GARROD APPROACH, and 85% of houses are larger. Note that EPC data is not available for all properties in Melton.

2 GARROD APPROACH: Plot and Title Map

2 GARROD APPROACH sits on a plot of roughly 0.054 of an acre, or 220m². The below map shows the location of 2 GARROD APPROACH, 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 GARROD APPROACH). 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 GARROD APPROACH?

2 GARROD APPROACH is located in MELTON, in the IP12 postcode district. The below map shows the position of No. 2 on GARROD APPROACH.