48, THE STREET, MELTON, WOODBRIDGE, IP12 1PW - £100,000

48 THE STREET is a very small detached house of 57m², built sometime between 1991 and 1995. It was last sold for £100,000 in May 2002, which was around 35% below the average May 2002 detached price in the East Suffolk local authority area. The most recent EPC inspection was December 2018, where the current energy rating was D, and the potential energy rating was B.

48 THE STREET Sold Prices

Land registry data shows two sales for 48 THE STREET 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. Both of the two 48 THE STREET sales were 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
2002 17 MAY	£100,000	£153,113	35% below HPI
1996 18 OCT	£53,000	£76,638	31% below HPI

48 THE STREET 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 48 THE STREET sales from October 1996 and May 2002 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 1996 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the May 2002 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

How Large is 48 THE STREET?

48 THE STREET is 57m² according to the EPC inspection conducted in December 2018. This puts it in the smallest 10% of detached houses in Melton, based on EPC data. The below chart shows the distribution of detached houses by size in Melton, and where 48 THE STREET lies on this distribution: 4% of detached houses are smaller than 48 THE STREET, and 96% of houses are larger. Note that EPC data is not available for all properties in Melton.

48 THE STREET: Plot and Title Map

48 THE STREET sits on a plot of roughly 0.037 of an acre, or 150m². The below map shows the location of 48 THE STREET, 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 48 THE STREET). 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 48 THE STREET?

48 THE STREET is located in MELTON, in the IP12 postcode district. The below map shows the position of No. 48 on THE STREET.