MELROSE, SCHOOL ROAD, RISBY, BURY ST EDMUNDS, IP28 6RQ - £846,000

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 very large extended detached house of 259m², built sometime between 1967 and 1975. It was last sold for £846,000 in September 2022, which was around 81% above the average September 2022 detached price in the West Suffolk local authority area. The most recent EPC inspection was August 2019, where the current energy rating was D, and the potential energy rating was C.

MELROSE Sold Prices

Land registry data shows three sales for MELROSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the West Suffolk local authority area for the corresponding sale date. All of the three 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
2022 30 SEP	£846,000	£466,850	81% above HPI
2015 2 OCT	£470,000	£323,624	45% above HPI
2006 21 APR	£290,000	£239,985	21% above HPI

MELROSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Suffolk local authority area over time, sourced from the HPI. The three MELROSE sales between April 2006 and September 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 October 2015 sale was for 45% above the HPI. So the extrapolation line tracks at 45% above the HPI over time, until the September 2022 sale, where it rises to 81% above the HPI. The line then continues to track at 81% above the HPI.

How Large is MELROSE?

MELROSE is 259m², which includes two extensions, according to the EPC inspection conducted in August 2019. This puts it in the largest 10% of detached houses in Risby, based on EPC data. The below chart shows the distribution of detached houses by size in Risby, and where MELROSE lies on this distribution: 93% of detached houses are smaller than MELROSE, and 7% of houses are larger. Note that EPC data is not available for all properties in Risby.

MELROSE: Plot and Title Map

MELROSE sits on a plot of roughly 0.243 of an acre, or 983m². 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 SCHOOL ROAD in RISBY, in the IP28 postcode district. The below map shows the position of MELROSE on SCHOOL ROAD.