3, HOPE CRESCENT, MELTON, WOODBRIDGE, IP12 1SJ - £770,000

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.

3 HOPE CRESCENT is a small extended detached house of 118m², built sometime between 1991 and 1995, which could now be worth an estimated £751,003. It was last sold for £770,000 in July 2022, which was around 78% above the average July 2022 detached price in the East Suffolk local authority area. The most recent EPC inspection was March 2014, where the current energy rating was D, and the potential energy rating was C.

3 HOPE CRESCENT Sold Prices

Land registry data shows three sales for 3 HOPE CRESCENT 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. All of the three 3 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
2022 15 JUL	£770,000	£433,747	78% above HPI
2018 8 NOV	£612,500	£357,883	71% above HPI
2014 29 OCT	£395,000	£288,117	37% above HPI

3 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 three 3 HOPE CRESCENT sales between October 2014 and July 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 2018 sale was for 71% above the HPI. So the extrapolation line tracks at 71% above the HPI over time, until the July 2022 sale, where it rises to 78% above the HPI. The line then continues to track at 78% above the HPI.

What might 3 HOPE CRESCENT be worth now?

3 HOPE CRESCENT might now be worth an estimated £751,003.

This is based on house price deflation of 2.5%, between July 2022 and February 2025, for detached houses, in the East Suffolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 2.5% deflationary decrease is applied to the most recent sale price for 3 HOPE CRESCENT of £770,000 on 15th July 2022. For the value to have decreased from £770,000 to £751,003 over the three years and five months to February 2025, the following assumptions must hold true:

• The value of 3 HOPE CRESCENT has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The July 2022 sale price of £770,000 represented a fair market value for the property.
• The size, condition, and specification of 3 HOPE CRESCENT has not materially changed since July 2022.

How Large is 3 HOPE CRESCENT?

3 HOPE CRESCENT is 118m², which includes two extensions, according to the EPC inspection conducted in March 2014. This puts it in the smallest 40% of detached houses houses in Woodbridge, based on EPC data. The below chart shows the distribution of detached houses houses by size in Woodbridge, and where 3 HOPE CRESCENT lies on this distribution: 40% of detached houses houses are smaller than 3 HOPE CRESCENT, and 60% of houses are larger. Note that EPC data is not available for all properties in Woodbridge.

3 HOPE CRESCENT: Plot and Title Map

3 HOPE CRESCENT sits on a plot of roughly 0.102 of an acre, or 411m². The below map shows the location of 3 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 3 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 3 HOPE CRESCENT?

3 HOPE CRESCENT is located in MELTON, in the IP12 postcode district. The below map shows the position of No. 3 on HOPE CRESCENT.