20, MELROSE GARDENS, NEWMARKET, CB8 0EW - £300,000

Based on the June 2024 Price Paid Data (released on 26 July 2024), the May 2024 House Price Index (released on 17 July 2024), and the June 2024 Energy Performance of Buildings Data (released on 25 July 2024). Sources

20 MELROSE GARDENS is a very small extended detached house of 76m², built sometime between 1967 and 1975. It was last sold for £300,000 in June 2022, which was around 32% below the average June 2022 detached price in the West Suffolk local authority area. The most recent EPC inspection was September 2016, where the current energy rating was D, and the potential energy rating was B.

20 MELROSE GARDENS Sold Prices

Land registry data shows two sales for 20 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 20 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
2022 8 JUN	£300,000	£441,440	32% below HPI
1998 9 NOV	£76,000	£104,211	27% below HPI

20 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 20 MELROSE GARDENS sales from November 1998 and June 2022 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 November 1998 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the June 2022 sale, where it falls to 32% below the HPI. The line then continues to track at 32% below the HPI.

How Large is 20 MELROSE GARDENS?

20 MELROSE GARDENS is 76m², which includes two extensions, according to the EPC inspection conducted in September 2016. This puts it in the smallest 20% of detached houses in Newmarket, based on EPC data. The below chart shows the distribution of detached houses by size in Newmarket, and where 20 MELROSE GARDENS lies on this distribution: 14% of detached houses are smaller than 20 MELROSE GARDENS, and 86% of houses are larger. Note that EPC data is not available for all properties in Newmarket.

20 MELROSE GARDENS: Plot and Title Map

20 MELROSE GARDENS sits on a plot of roughly 0.080 of an acre, or 323m². The below map shows the location of 20 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 20 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 20 MELROSE GARDENS?

20 MELROSE GARDENS is located in NEWMARKET, in the CB8 postcode district. The below map shows the position of No. 20 on MELROSE GARDENS.