ALBANY VILLA, MELTON ROAD, MELTON, WOODBRIDGE, IP12 1PD - £400,000

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

ALBANY VILLA is a midsized extended detached house of 114m², built sometime before 1900. It was last sold for £400,000 in May 2015, which was around 37% above the average May 2015 detached price in the East Suffolk local authority area. The most recent EPC inspection was November 2008, where the current energy rating was E, and the potential energy rating was D.

ALBANY VILLA Sold Prices

Land registry data shows five sales for ALBANY VILLA since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the East Suffolk local authority area for the corresponding sale date. Most of the five ALBANY VILLA 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
2015 5 MAY	£400,000	£291,615	37% above HPI
2009 2 OCT	£266,000	£236,368	13% above HPI
2003 18 NOV	£240,000	£200,274	20% above HPI
2000 21 DEC	£154,000	£121,841	26% above HPI
1998 17 JUL	£87,000	£89,503	3% below HPI

ALBANY VILLA 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 five ALBANY VILLA sales between July 1998 and May 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 October 2009 sale was for 13% above the HPI. So the extrapolation line tracks at 13% above the HPI over time, until the May 2015 sale, where it rises to 37% above the HPI. The line then continues to track at 37% above the HPI.

How Large is ALBANY VILLA?

ALBANY VILLA is 114m², which includes one extension, according to the EPC inspection conducted in November 2008. This puts it in the smallest 50% of detached houses in Melton, based on EPC data. The below chart shows the distribution of detached houses by size in Melton, and where ALBANY VILLA lies on this distribution: 41% of detached houses are smaller than ALBANY VILLA, and 59% of houses are larger. Note that EPC data is not available for all properties in Melton.

ALBANY VILLA: Plot and Title Map

ALBANY VILLA sits on a plot of roughly 0.068 of an acre, or 274m². The below map shows the location of ALBANY VILLA, 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 ALBANY VILLA). 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 ALBANY VILLA?

ALBANY VILLA is located on MELTON ROAD in MELTON, in the IP12 postcode district. The below map shows the position of ALBANY VILLA on MELTON ROAD.