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

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

MELROSE is a very large extended detached house of 259m², built sometime between 1967 and 1975, which could now be worth an estimated £805,964. It was last sold for £846,000 in September 2022, which was around 79% 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	£472,896	79% above HPI
2015 2 OCT	£470,000	£327,815	43% above HPI
2006 21 APR	£290,000	£243,093	19% 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 43% above the HPI. So the extrapolation line tracks at 43% above the HPI over time, until the September 2022 sale, where it rises to 79% above the HPI. The line then continues to track at 79% above the HPI.

What might MELROSE be worth now?

MELROSE might now be worth an estimated £805,964.

This is based on house price deflation of 4.7%, between September 2022 and February 2025, for detached houses, in the West Suffolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 4.7% deflationary decrease is applied to the most recent sale price for MELROSE of £846,000 on 30th September 2022. For the value to have decreased from £846,000 to £805,964 over the three years and seven months to February 2025, the following assumptions must hold true:

• The value of MELROSE has moved in line with the HPI for detached houses in the West Suffolk local authority area.
• The September 2022 sale price of £846,000 represented a fair market value for the property.
• The size, condition, and specification of MELROSE has not materially changed since September 2022.

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 houses in Risby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Risby, and where MELROSE lies on this distribution: 93% of detached houses 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.