MELROSE, WILBY ROAD, STRADBROKE, EYE, IP21 5JN - £215,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

MELROSE is a small extended detached house of 96m², built sometime between 1967 and 1975. It was last sold for £215,000 in May 2011, which was around 15% below the average May 2011 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was September 2014, where the current energy rating was D, and the potential energy rating was B.

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 Mid Suffolk local authority area for the corresponding sale date. Two of the three MELROSE sales were for below the average price, whilst one was 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
2011 31 MAY	£215,000	£251,574	15% below HPI
2001 8 JUN	£133,500	£132,183	1% above HPI
1997 14 MAR	£66,000	£83,219	21% below HPI

MELROSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Mid Suffolk local authority area over time, sourced from the HPI. The three MELROSE sales between March 1997 and May 2011 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 June 2001 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the May 2011 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is MELROSE?

MELROSE is 96m², which includes one extension, according to the EPC inspection conducted in September 2014. This puts it in the smallest 30% of detached houses in Stradbroke, based on EPC data. The below chart shows the distribution of detached houses by size in Stradbroke, and where MELROSE lies on this distribution: 29% of detached houses are smaller than MELROSE, and 70% of houses are larger. Note that EPC data is not available for all properties in Stradbroke.

MELROSE: Plot and Title Map

MELROSE sits on a plot of roughly 0.317 of an acre, or 1,284m². 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 WILBY ROAD in STRADBROKE, in the IP21 postcode district. The below map shows the position of MELROSE on WILBY ROAD.