SOUTHFIELDS, FAYREFIELD ROAD, MELTON, WOODBRIDGE, IP12 1NX - £550,000

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

SOUTHFIELDS is a midsized extended detached house of 132m², built sometime between 1950 and 1966. It was last sold for £550,000 in November 2017, which was around 60% above the average November 2017 detached price in the East Suffolk local authority area. The most recent EPC inspection was August 2017, where the current energy rating was D, and the potential energy rating was C.

SOUTHFIELDS Sold Prices

Land registry data shows two sales for SOUTHFIELDS 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 SOUTHFIELDS 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
2017 17 NOV	£550,000	£344,483	60% above HPI
2009 13 JUL	£148,000	£226,587	35% below HPI

SOUTHFIELDS 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 SOUTHFIELDS sales from July 2009 and November 2017 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 July 2009 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the November 2017 sale, where it rises to 60% above the HPI. The line then continues to track at 60% above the HPI.

How Large is SOUTHFIELDS?

SOUTHFIELDS is 132m², which includes one extension, according to the EPC inspection conducted in August 2017. This puts it in the largest 50% of detached houses in Melton, based on EPC data. The below chart shows the distribution of detached houses by size in Melton, and where SOUTHFIELDS lies on this distribution: 52% of detached houses are smaller than SOUTHFIELDS, and 47% of houses are larger. Note that EPC data is not available for all properties in Melton.

SOUTHFIELDS: Plot and Title Map

SOUTHFIELDS sits on a plot of roughly 0.130 of an acre, or 528m². The below map shows the location of SOUTHFIELDS, 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 SOUTHFIELDS). 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 SOUTHFIELDS?

SOUTHFIELDS is located on FAYREFIELD ROAD in MELTON, in the IP12 postcode district. The below map shows the position of SOUTHFIELDS on FAYREFIELD ROAD.