36, MELBOURNE DRIVE, MILDENHALL, BURY ST EDMUNDS, IP28 7BP - £239,995

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.

36 MELBOURNE DRIVE is a small detached house of 93m², built sometime between 1983 and 1990, which could now be worth an estimated £324,750. It was last sold for £239,995 in December 2015, which was around 28% below the average December 2015 detached price in the West Suffolk local authority area. The most recent EPC inspection was October 2012, where the current energy rating was E, and the potential energy rating was C.

36 MELBOURNE DRIVE Sold Prices

Land registry data shows five sales for 36 MELBOURNE DRIVE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the West Suffolk local authority area for the corresponding sale date. All of the five 36 MELBOURNE DRIVE 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
2015 4 DEC	£239,995	£331,627	28% below HPI
2013 15 FEB	£200,000	£268,480	26% below HPI
2010 30 JUN	£190,000	£256,804	26% below HPI
2005 28 APR	£183,000	£228,661	20% below HPI
1995 25 AUG	£75,500	£81,291	7% below HPI

36 MELBOURNE DRIVE 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 five 36 MELBOURNE DRIVE sales between August 1995 and December 2015 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 February 2013 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the December 2015 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

What might 36 MELBOURNE DRIVE be worth now?

36 MELBOURNE DRIVE might now be worth an estimated £324,750.

This is based on house price inflation of 35.3%, between December 2015 and March 2025, for detached houses, in the West Suffolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 35.3% inflationary increase is applied to the most recent sale price for 36 MELBOURNE DRIVE of £239,995 on 4th December 2015. For the value to have increased from £239,995 to £324,750 over the ten years and nine months to March 2025, the following assumptions must hold true:

• The value of 36 MELBOURNE DRIVE has moved in line with the HPI for detached houses in the West Suffolk local authority area.
• The December 2015 sale price of £239,995 represented a fair market value for the property.
• The size, condition, and specification of 36 MELBOURNE DRIVE has not materially changed since December 2015.

How Large is 36 MELBOURNE DRIVE?

36 MELBOURNE DRIVE is 93m² according to the EPC inspection conducted in October 2012. This puts it in the smallest 40% of detached houses houses in Mildenhall, based on EPC data. The below chart shows the distribution of detached houses houses by size in Mildenhall, and where 36 MELBOURNE DRIVE lies on this distribution: 33% of detached houses houses are smaller than 36 MELBOURNE DRIVE, and 66% of houses are larger. Note that EPC data is not available for all properties in Mildenhall.

36 MELBOURNE DRIVE: Plot and Title Map

36 MELBOURNE DRIVE sits on a plot of roughly 0.073 of an acre, or 296m². The below map shows the location of 36 MELBOURNE DRIVE, 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 36 MELBOURNE DRIVE). 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 36 MELBOURNE DRIVE?

36 MELBOURNE DRIVE is located in MILDENHALL, in the IP28 postcode district. The below map shows the position of No. 36 on MELBOURNE DRIVE.