47, MELBOURNE DRIVE, MILDENHALL, BURY ST EDMUNDS, IP28 7BP - £270,000

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

47 MELBOURNE DRIVE is a small detached house of 91m², built sometime between 1976 and 1982. It was last sold for £270,000 in November 2016, which was around 23% below the average November 2016 detached price in the West Suffolk local authority area. The most recent EPC inspection was February 2014, where the current energy rating was D, and the potential energy rating was B.

47 MELBOURNE DRIVE Sold Prices

Land registry data shows four sales for 47 MELBOURNE DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the West Suffolk local authority area for the corresponding sale date. All of the four 47 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
2016 29 NOV	£270,000	£351,873	23% below HPI
2014 30 APR	£229,950	£282,166	19% below HPI
2007 3 AUG	£218,000	£274,993	21% below HPI
2003 12 SEP	£150,000	£219,529	32% below HPI

47 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 four 47 MELBOURNE DRIVE sales between September 2003 and November 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 April 2014 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the November 2016 sale, where it falls to 23% below the HPI. The line then continues to track at 23% below the HPI.

How Large is 47 MELBOURNE DRIVE?

47 MELBOURNE DRIVE is 91m² according to the EPC inspection conducted in February 2014. This puts it in the smallest 30% of detached houses in Mildenhall, based on EPC data. The below chart shows the distribution of detached houses by size in Mildenhall, and where 47 MELBOURNE DRIVE lies on this distribution: 30% of detached houses are smaller than 47 MELBOURNE DRIVE, and 70% of houses are larger. Note that EPC data is not available for all properties in Mildenhall.

47 MELBOURNE DRIVE: Plot and Title Map

47 MELBOURNE DRIVE sits on a plot of roughly 0.127 of an acre, or 515m². The below map shows the location of 47 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 47 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 47 MELBOURNE DRIVE?

47 MELBOURNE DRIVE is located in MILDENHALL, in the IP28 postcode district. The below map shows the position of No. 47 on MELBOURNE DRIVE.