49, MELBOURNE DRIVE, MILDENHALL, BURY ST EDMUNDS, IP28 7BP - £244,000

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

49 MELBOURNE DRIVE is a very small extended detached house of 72m², built sometime between 1983 and 1990. It was last sold for £244,000 in November 2010, which was around 8% below the average November 2010 detached price in the West Suffolk local authority area. The most recent EPC inspection was April 2010, where the current energy rating was D, and the potential energy rating was D.

49 MELBOURNE DRIVE Sold Prices

Land registry data shows two sales for 49 MELBOURNE DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the West Suffolk local authority area for the corresponding sale date. Both of the two 49 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
2010 16 NOV	£244,000	£264,159	8% below HPI
1996 30 JUL	£79,500	£82,265	3% below HPI

49 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 two 49 MELBOURNE DRIVE sales from July 1996 and November 2010 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 1996 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the November 2010 sale, where it falls to 8% below the HPI. The line then continues to track at 8% below the HPI.

How Large is 49 MELBOURNE DRIVE?

49 MELBOURNE DRIVE is 72m², which includes two extensions, according to the EPC inspection conducted in April 2010. This puts it in the smallest 10% of detached houses in Mildenhall, based on EPC data. The below chart shows the distribution of detached houses by size in Mildenhall, and where 49 MELBOURNE DRIVE lies on this distribution: 8% of detached houses are smaller than 49 MELBOURNE DRIVE, and 92% of houses are larger. Note that EPC data is not available for all properties in Mildenhall.

49 MELBOURNE DRIVE: Plot and Title Map

49 MELBOURNE DRIVE sits on a plot of roughly 0.104 of an acre, or 423m². The below map shows the location of 49 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 49 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 49 MELBOURNE DRIVE?

49 MELBOURNE DRIVE is located in MILDENHALL, in the IP28 postcode district. The below map shows the position of No. 49 on MELBOURNE DRIVE.