CONCORD, DAINES LANE, MELTON, WOODBRIDGE, IP12 1PA - £260,000

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

CONCORD is a very small extended detached house of 70m², built sometime between 1967 and 1975. It was last sold for £260,000 in July 2020, which was around 27% below the average July 2020 detached price in the East Suffolk local authority area. The most recent EPC inspection was August 2018, where the current energy rating was E, and the potential energy rating was B.

CONCORD Sold Prices

Land registry data shows two sales for CONCORD 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 CONCORD 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
2020 24 JUL	£260,000	£357,411	27% below HPI
2006 13 SEP	£155,000	£237,036	35% below HPI

CONCORD 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 CONCORD sales from September 2006 and July 2020 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 September 2006 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the July 2020 sale, where it rises to 27% below the HPI. The line then continues to track at 27% below the HPI.

How Large is CONCORD?

CONCORD is 70m², which includes one extension, according to the EPC inspection conducted in August 2018. This puts it in the smallest 10% of detached houses in Melton, based on EPC data. The below chart shows the distribution of detached houses by size in Melton, and where CONCORD lies on this distribution: 8% of detached houses are smaller than CONCORD, and 90% of houses are larger. Note that EPC data is not available for all properties in Melton.

CONCORD: Plot and Title Map

CONCORD sits on a plot of roughly 0.081 of an acre, or 327m². The below map shows the location of CONCORD, 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 CONCORD). 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 CONCORD?

CONCORD is located on DAINES LANE in MELTON, in the IP12 postcode district. The below map shows the position of CONCORD on DAINES LANE.