MELROSE, BAKERS LANE, WESTLETON, SAXMUNDHAM, IP17 3AZ - £555,000

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

MELROSE is a midsized detached house of 123m², built sometime between 1950 and 1966. It was last sold for £555,000 in August 2023, which was around 30% above the average August 2023 detached price in the East Suffolk local authority area. The most recent EPC inspection was January 2023, where the current energy rating was D, and the potential energy rating was C.

MELROSE Sold Prices

Land registry data shows two sales for MELROSE 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 MELROSE 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
2023 10 AUG	£555,000	£426,969	30% above HPI
2010 18 FEB	£330,000	£248,611	33% above HPI

MELROSE 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 MELROSE sales from February 2010 and August 2023 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 February 2010 sale was for 33% above the HPI. So the extrapolation line tracks at 33% above the HPI over time, until the August 2023 sale, where it falls to 30% above the HPI. The line then continues to track at 30% above the HPI.

How Large is MELROSE?

MELROSE is 123m² according to the EPC inspection conducted in January 2023. This puts it in the smallest 50% of detached houses in Westleton, based on EPC data. The below chart shows the distribution of detached houses by size in Westleton, and where MELROSE lies on this distribution: 40% of detached houses are smaller than MELROSE, and 60% of houses are larger. Note that EPC data is not available for all properties in Westleton.

MELROSE: Plot and Title Map

MELROSE sits on a plot of roughly 0.263 of an acre, or 1,065m². The below map shows the location of MELROSE, 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 MELROSE). 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 MELROSE?

MELROSE is located on BAKERS LANE in WESTLETON, in the IP17 postcode district. The below map shows the position of MELROSE on BAKERS LANE.