87, MELBOURNE DRIVE, MILDENHALL, BURY ST EDMUNDS, IP28 7BP - £227,000

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

87 MELBOURNE DRIVE is a midsized extended detached house of 105m², built sometime between 1983 and 1990. It was last sold for £227,000 in June 2015, which was around 28% below the average June 2015 detached price in the West Suffolk local authority area. The most recent EPC inspection was January 2012, where the current energy rating was D, and the potential energy rating was C.

87 MELBOURNE DRIVE Sold Prices

Land registry data shows five sales for 87 MELBOURNE DRIVE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the West Suffolk local authority area for the corresponding sale date. Most of the five 87 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
2015 18 JUN	£227,000	£313,650	28% below HPI
2006 21 JUL	£206,000	£245,011	16% below HPI
2002 16 AUG	£175,000	£188,736	7% below HPI
2000 4 JUL	£129,500	£128,536	1% above HPI
1996 26 JUL	£83,000	£82,265	1% above HPI

87 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 five 87 MELBOURNE DRIVE sales between July 1996 and June 2015 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 2006 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the June 2015 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is 87 MELBOURNE DRIVE?

87 MELBOURNE DRIVE is 105m², which includes one extension, according to the EPC inspection conducted in January 2012. This puts it in the largest 50% of detached houses in Mildenhall, based on EPC data. The below chart shows the distribution of detached houses by size in Mildenhall, and where 87 MELBOURNE DRIVE lies on this distribution: 54% of detached houses are smaller than 87 MELBOURNE DRIVE, and 46% of houses are larger. Note that EPC data is not available for all properties in Mildenhall.

87 MELBOURNE DRIVE: Plot and Title Map

87 MELBOURNE DRIVE sits on a plot of roughly 0.130 of an acre, or 528m². The below map shows the location of 87 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 87 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 87 MELBOURNE DRIVE?

87 MELBOURNE DRIVE is located in MILDENHALL, in the IP28 postcode district. The below map shows the position of No. 87 on MELBOURNE DRIVE.