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
48 HALL FARM CLOSE is a small extended detached house of 100m², built sometime between 1983 and 1990. It was last sold for £290,000 in September 2019, which was around 17% below the average September 2019 detached price in the East Suffolk local authority area. The most recent EPC inspection was June 2018, where the current energy rating was D, and the potential energy rating was B.
Land registry data shows two sales for 48 HALL FARM CLOSE since 1st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Suffolk local authority area for the corresponding sale date. Both of the two 48 HALL FARM CLOSE 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 25 SEP | £290,000 | £349,412 | 17% below HPI |
1996 18 DEC | £69,250 | £77,874 | 11% below HPI |
The below graph shows the average detached house price in the East Suffolk local authority area over time, sourced from the HPI. The two 48 HALL FARM CLOSE sales from December 1996 and September 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 December 1996 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the September 2019 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.
48 HALL FARM CLOSE is 100m², which includes one extension, according to the EPC inspection conducted in June 2018. This puts it in the smallest 30% of detached houses in Melton, based on EPC data. The below chart shows the distribution of detached houses by size in Melton, and where 48 HALL FARM CLOSE lies on this distribution: 30% of detached houses are smaller than 48 HALL FARM CLOSE, and 69% of houses are larger. Note that EPC data is not available for all properties in Melton.
48 HALL FARM CLOSE sits on a plot of roughly 0.072 of an acre, or 293m². The below map shows the location of 48 HALL FARM CLOSE, 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 48 HALL FARM CLOSE). 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.
48 HALL FARM CLOSE is located in MELTON, in the IP12 postcode district. The below map shows the position of No. 48 on HALL FARM CLOSE.