6, SCOTT LANE, MELTON, WOODBRIDGE, IP12 1TJ - £575,000

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

6 SCOTT LANE is a small detached house of 104m², built sometime between 1996 and 2002. It was last sold for £575,000 in May 2022, which was around 36% above the average May 2022 detached price in the East Suffolk local authority area. The most recent EPC inspection was November 2016, where the current energy rating was C, and the potential energy rating was C.

6 SCOTT LANE Sold Prices

Land registry data shows two sales for 6 SCOTT LANE since 1^st 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 6 SCOTT LANE sales were 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
2022 25 MAY	£575,000	£423,073	36% above HPI
2019 8 NOV	£465,000	£352,095	32% above HPI

6 SCOTT LANE 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 two 6 SCOTT LANE sales from November 2019 and May 2022 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 November 2019 sale was for 32% above the HPI. So the extrapolation line tracks at 32% above the HPI over time, until the May 2022 sale, where it rises to 36% above the HPI. The line then continues to track at 36% above the HPI.

How Large is 6 SCOTT LANE?

6 SCOTT LANE is 104m² according to the EPC inspection conducted in November 2016. This puts it in the smallest 40% of detached houses in Melton, based on EPC data. The below chart shows the distribution of detached houses by size in Melton, and where 6 SCOTT LANE lies on this distribution: 34% of detached houses are smaller than 6 SCOTT LANE, and 65% of houses are larger. Note that EPC data is not available for all properties in Melton.

6 SCOTT LANE: Plot and Title Map

6 SCOTT LANE sits on a plot of roughly 0.075 of an acre, or 303m². The below map shows the location of 6 SCOTT LANE, 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 6 SCOTT LANE). 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 6 SCOTT LANE?

6 SCOTT LANE is located in MELTON, in the IP12 postcode district. The below map shows the position of No. 6 on SCOTT LANE.