59, MELBOURNE DRIVE, MILDENHALL, BURY ST EDMUNDS, IP28 7BP - £225,000

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

59 MELBOURNE DRIVE is a very large extended detached house of 140m², built sometime between 1996 and 2002. It was last sold for £225,000 in August 2014, which was around 25% below the average August 2014 detached price in the West Suffolk local authority area. The most recent EPC inspection was June 2021, where the current energy rating was D, and the potential energy rating was B.

59 MELBOURNE DRIVE Sold Prices

Land registry data shows three sales for 59 MELBOURNE DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the West Suffolk local authority area for the corresponding sale date. Two of the three 59 MELBOURNE DRIVE sales were for below the average price, whilst one was for above 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
2014 22 AUG	£225,000	£300,317	25% below HPI
2004 8 APR	£210,000	£223,651	6% below HPI
2000 31 JUL	£137,500	£128,536	7% above HPI

59 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 three 59 MELBOURNE DRIVE sales between July 2000 and August 2014 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 2004 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the August 2014 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 59 MELBOURNE DRIVE?

59 MELBOURNE DRIVE is 140m², which includes two extensions, according to the EPC inspection conducted in June 2021. This puts it in the largest 20% of detached houses in Mildenhall, based on EPC data. The below chart shows the distribution of detached houses by size in Mildenhall, and where 59 MELBOURNE DRIVE lies on this distribution: 88% of detached houses are smaller than 59 MELBOURNE DRIVE, and 12% of houses are larger. Note that EPC data is not available for all properties in Mildenhall.

59 MELBOURNE DRIVE: Plot and Title Map

59 MELBOURNE DRIVE sits on a plot of roughly 0.100 of an acre, or 406m². The below map shows the location of 59 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 59 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 59 MELBOURNE DRIVE?

59 MELBOURNE DRIVE is located in MILDENHALL, in the IP28 postcode district. The below map shows the position of No. 59 on MELBOURNE DRIVE.