MELDRUM, LORDS LANE, BRADWELL, GREAT YARMOUTH, NR31 8NY - £390,000

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

MELDRUM is a small detached house of 88m², built sometime between 1967 and 1975. It was last sold for £390,000 in November 2018, which was around 50% above the average November 2018 detached price in the Great Yarmouth local authority area. The most recent EPC inspection was July 2015, where the current energy rating was D, and the potential energy rating was B.

MELDRUM Sold Prices

Land registry data shows two sales for MELDRUM since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Great Yarmouth local authority area for the corresponding sale date. One of the two MELDRUM sales was for above the average price, whilst the other was 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
2018 30 NOV	£390,000	£259,899	50% above HPI
2015 5 OCT	£215,000	£216,436	1% below HPI

MELDRUM Price Paid vs. HPI Average

The below graph shows the average detached house price in the Great Yarmouth local authority area over time, sourced from the HPI. The two MELDRUM sales from October 2015 and November 2018 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 2015 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the November 2018 sale, where it rises to 50% above the HPI. The line then continues to track at 50% above the HPI.

How Large is MELDRUM?

MELDRUM is 88m² according to the EPC inspection conducted in July 2015. This puts it in the smallest 40% of detached houses in Bradwell, based on EPC data. The below chart shows the distribution of detached houses by size in Bradwell, and where MELDRUM lies on this distribution: 30% of detached houses are smaller than MELDRUM, and 64% of houses are larger. Note that EPC data is not available for all properties in Bradwell.

MELDRUM: Plot and Title Map

MELDRUM sits on a plot of roughly 0.175 of an acre, or 708m². The below map shows the location of MELDRUM, 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 MELDRUM). 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 MELDRUM?

MELDRUM is located on LORDS LANE in BRADWELL, in the NR31 postcode district. The below map shows the position of MELDRUM on LORDS LANE.