38, RIVERVIEW, MELTON, WOODBRIDGE, IP12 1QU - £280,000

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

38 RIVERVIEW is a very small detached house of 40m², built sometime between 1976 and 1982. It was last sold for £280,000 in May 2019, which was around 18% below the average May 2019 detached price in the East Suffolk local authority area. The most recent EPC inspection was June 2009, where the current energy rating was C, and the potential energy rating was C.

38 RIVERVIEW Sold Prices

Land registry data shows three sales for 38 RIVERVIEW 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 38 RIVERVIEW 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
2019 16 MAY	£280,000	£340,002	18% below HPI
2009 9 OCT	£225,000	£236,368	5% below HPI
2003 16 MAY	£155,000	£184,148	16% below HPI

38 RIVERVIEW 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 38 RIVERVIEW sales between May 2003 and May 2019 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 2009 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the May 2019 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is 38 RIVERVIEW?

38 RIVERVIEW is 40m² according to the EPC inspection conducted in June 2009. 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 38 RIVERVIEW lies on this distribution: Less than 1% of detached houses are smaller than 38 RIVERVIEW, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Melton.

38 RIVERVIEW: Plot and Title Map

38 RIVERVIEW sits on a plot of roughly 0.067 of an acre, or 270m². The below map shows the location of 38 RIVERVIEW, 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 38 RIVERVIEW). 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 38 RIVERVIEW?

38 RIVERVIEW is located in MELTON, in the IP12 postcode district. The below map shows the position of No. 38 on RIVERVIEW.