31, THE STREET, MELTON, WOODBRIDGE, IP12 1PL - £190,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

31 THE STREET is a very small extended detached house of 45m², built sometime before 1900. It was last sold for £190,000 in April 2022, which was around 54% below the average April 2022 detached price in the East Suffolk local authority area. The most recent EPC inspection was February 2022, where the current energy rating was D, and the potential energy rating was B.

31 THE STREET Sold Prices

Land registry data shows three sales for 31 THE STREET 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 31 THE STREET 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 14 APR	£190,000	£415,075	54% below HPI
2003 25 JUL	£72,500	£186,962	61% below HPI
2001 22 AUG	£93,000	£134,767	31% below HPI

31 THE STREET 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 31 THE STREET sales between August 2001 and April 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 July 2003 sale was for 61% below the HPI. So the extrapolation line tracks at 61% below the HPI over time, until the April 2022 sale, where it rises to 54% below the HPI. The line then continues to track at 54% below the HPI.

How Large is 31 THE STREET?

31 THE STREET is 45m², which includes one extension, according to the EPC inspection conducted in February 2022. This puts it in the smallest 10% of detached houses in Melton, based on EPC data. The below chart shows the distribution of detached houses by size in Melton, and where 31 THE STREET lies on this distribution: 1% of detached houses are smaller than 31 THE STREET, and 99% of houses are larger. Note that EPC data is not available for all properties in Melton.

31 THE STREET: Plot and Title Map

31 THE STREET sits on a plot of roughly 0.028 of an acre, or 115m². The below map shows the location of 31 THE STREET, 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 31 THE STREET). 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 31 THE STREET?

31 THE STREET is located in MELTON, in the IP12 postcode district. The below map shows the position of No. 31 on THE STREET.