7, SCOTT LANE, MELTON, WOODBRIDGE, IP12 1TJ - £480,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

7 SCOTT LANE is a large detached house of 158m², built sometime between 1996 and 2002, which could now be worth an estimated £809,528. It was last sold for £480,000 in September 2011, which was around 91% above the average September 2011 detached price in the East Suffolk local authority area. The most recent EPC inspection was June 2011, where the current energy rating was C, and the potential energy rating was C.

7 SCOTT LANE Sold Prices

Land registry data shows two sales for 7 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 7 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
2011 16 SEP	£480,000	£250,840	91% above HPI
2001 4 MAY	£237,000	£129,359	83% above HPI

7 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 7 SCOTT LANE sales from May 2001 and September 2011 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 May 2001 sale was for 83% above the HPI. So the extrapolation line tracks at 83% above the HPI over time, until the September 2011 sale, where it rises to 91% above the HPI. The line then continues to track at 91% above the HPI.

What might 7 SCOTT LANE be worth now?

7 SCOTT LANE might now be worth an estimated £809,528.

This is based on house price inflation of 68.7%, between September 2011 and February 2025, for detached houses, in the East Suffolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 68.7% inflationary increase is applied to the most recent sale price for 7 SCOTT LANE of £480,000 on 16th September 2011. For the value to have increased from £480,000 to £809,528 over the fourteen years and seven months to February 2025, the following assumptions must hold true:

• The value of 7 SCOTT LANE has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The September 2011 sale price of £480,000 represented a fair market value for the property.
• The size, condition, and specification of 7 SCOTT LANE has not materially changed since September 2011.

How Large is 7 SCOTT LANE?

7 SCOTT LANE is 158m² according to the EPC inspection conducted in June 2011. This puts it in the largest 30% of detached houses houses in Melton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Melton, and where 7 SCOTT LANE lies on this distribution: 71% of detached houses houses are smaller than 7 SCOTT LANE, and 29% of houses are larger. Note that EPC data is not available for all properties in Melton.

7 SCOTT LANE: Plot and Title Map

7 SCOTT LANE sits on a plot of roughly 0.098 of an acre, or 398m². The below map shows the location of 7 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 7 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 7 SCOTT LANE?

7 SCOTT LANE is located in MELTON, in the IP12 postcode district. The below map shows the position of No. 7 on SCOTT LANE.