MELODY COTTAGE, MEETING LANE, GRUNDISBURGH, WOODBRIDGE, IP13 6TZ - £328,000

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

MELODY COTTAGE is a very small detached house of 82m², built sometime between 1950 and 1966. It was last sold for £328,000 in May 2022, which was around 22% below the average May 2022 detached price in the East Suffolk local authority area. The most recent EPC inspection was September 2021, where the current energy rating was E, and the potential energy rating was D.

MELODY COTTAGE Sold Prices

Land registry data shows two sales for MELODY COTTAGE 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 MELODY COTTAGE 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
2022 27 MAY	£328,000	£423,073	22% below HPI
2009 3 SEP	£227,000	£233,791	3% below HPI

MELODY COTTAGE 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 MELODY COTTAGE sales from September 2009 and May 2022 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 2009 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the May 2022 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is MELODY COTTAGE?

MELODY COTTAGE is 82m² according to the EPC inspection conducted in September 2021. This puts it in the smallest 20% of detached houses in Grundisburgh, based on EPC data. The below chart shows the distribution of detached houses by size in Grundisburgh, and where MELODY COTTAGE lies on this distribution: 12% of detached houses are smaller than MELODY COTTAGE, and 87% of houses are larger. Note that EPC data is not available for all properties in Grundisburgh.

MELODY COTTAGE: Plot and Title Map

MELODY COTTAGE sits on a plot of roughly 0.143 of an acre, or 580m². The below map shows the location of MELODY COTTAGE, 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 MELODY COTTAGE). 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 MELODY COTTAGE?

MELODY COTTAGE is located on MEETING LANE in GRUNDISBURGH, in the IP13 postcode district. The below map shows the position of MELODY COTTAGE on MEETING LANE.