MELWOOD, TURNPIKE LANE, MELTON, WOODBRIDGE, IP12 1NP - £400,000

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

MELWOOD is a small extended detached house of 94m², built sometime between 1950 and 1966. It was last sold for £400,000 in October 2020, which was around 7% above the average October 2020 detached price in the East Suffolk local authority area. The most recent EPC inspection was August 2019, where the current energy rating was E, and the potential energy rating was C.

MELWOOD Sold Prices

Land registry data shows two sales for MELWOOD 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. One of the two MELWOOD sales was for above the average price, whilst the other was 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
2020 28 OCT	£400,000	£373,131	7% above HPI
2005 23 DEC	£132,500	£221,366	40% below HPI

MELWOOD 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 MELWOOD sales from December 2005 and October 2020 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 December 2005 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the October 2020 sale, where it rises to 7% above the HPI. The line then continues to track at 7% above the HPI.

How Large is MELWOOD?

MELWOOD is 94m², which includes two extensions, according to the EPC inspection conducted in August 2019. This puts it in the smallest 30% of detached houses in Woodbridge, based on EPC data. The below chart shows the distribution of detached houses by size in Woodbridge, and where MELWOOD lies on this distribution: 23% of detached houses are smaller than MELWOOD, and 76% of houses are larger. Note that EPC data is not available for all properties in Woodbridge.

MELWOOD: Plot and Title Map

MELWOOD sits on a plot of roughly 0.056 of an acre, or 225m². The below map shows the location of MELWOOD, 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 MELWOOD). 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 MELWOOD?

MELWOOD is located on TURNPIKE LANE in MELTON, in the IP12 postcode district. The below map shows the position of MELWOOD on TURNPIKE LANE.