24, HOPE CRESCENT, MELTON, WOODBRIDGE, IP12 1SJ - £530,000

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

24 HOPE CRESCENT is a midsized detached house of 133m², built sometime between 1983 and 1990. It was last sold for £530,000 in July 2016, which was around 70% above the average July 2016 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.

24 HOPE CRESCENT Sold Prices

Land registry data shows two sales for 24 HOPE CRESCENT 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 24 HOPE CRESCENT 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
2016 22 JUL	£530,000	£311,086	70% above HPI
2015 8 OCT	£350,000	£302,168	16% above HPI

24 HOPE CRESCENT 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 24 HOPE CRESCENT sales from October 2015 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 October 2015 sale was for 16% above the HPI. So the extrapolation line tracks at 16% above the HPI over time, until the July 2016 sale, where it rises to 70% above the HPI. The line then continues to track at 70% above the HPI.

How Large is 24 HOPE CRESCENT?

24 HOPE CRESCENT is 133m² according to the EPC inspection conducted in April 2016. This puts it in the largest 50% of detached houses in Woodbridge, based on EPC data. The below chart shows the distribution of detached houses by size in Woodbridge, and where 24 HOPE CRESCENT lies on this distribution: 53% of detached houses are smaller than 24 HOPE CRESCENT, and 46% of houses are larger. Note that EPC data is not available for all properties in Woodbridge.

24 HOPE CRESCENT: Plot and Title Map

24 HOPE CRESCENT sits on a plot of roughly 0.195 of an acre, or 789m². The below map shows the location of 24 HOPE CRESCENT, 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 24 HOPE CRESCENT). 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 24 HOPE CRESCENT?

24 HOPE CRESCENT is located in MELTON, in the IP12 postcode district. The below map shows the position of No. 24 on HOPE CRESCENT.