55, CHARLES MELROSE CLOSE, MILDENHALL, BURY ST EDMUNDS, IP28 7BA - £170,000

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.

55 CHARLES MELROSE CLOSE is a very small terraced house of 53m², built sometime between 1983 and 1990, which could now be worth an estimated £191,458. It was last sold for £170,000 in May 2021, which was around 17% below the average May 2021 terraced price in the West Suffolk local authority area. The most recent EPC inspection was March 2010, where the current energy rating was C, and the potential energy rating was C.

55 CHARLES MELROSE CLOSE Sold Prices

Land registry data shows nine sales for 55 CHARLES MELROSE CLOSE since 1^st January 1995. The below table shows the price paid for the nine sales, along with the average terraced price in the West Suffolk local authority area for the corresponding sale date. Most of the nine 55 CHARLES MELROSE CLOSE 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
2021 17 MAY	£170,000	£205,566	17% below HPI
2017 15 DEC	£154,000	£188,018	18% below HPI
2013 8 JUL	£104,000	£138,062	25% below HPI
2005 14 MAR	£116,500	£114,647	2% above HPI
2001 14 DEC	£63,500	£68,311	7% below HPI
1999 9 NOV	£54,950	£53,533	3% above HPI
1997 19 DEC	£43,000	£42,336	2% above HPI
1995 24 NOV	£39,000	£37,804	3% above HPI
1995 28 APR	£39,950	£38,486	4% above HPI

55 CHARLES MELROSE CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the West Suffolk local authority area over time, sourced from the HPI. The nine 55 CHARLES MELROSE CLOSE sales between April 1995 and May 2021 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 2017 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the May 2021 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 55 CHARLES MELROSE CLOSE be worth now?

55 CHARLES MELROSE CLOSE might now be worth an estimated £191,458.

This is based on house price inflation of 12.6%, between May 2021 and June 2025, for terraced 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 12.6% inflationary increase is applied to the most recent sale price for 55 CHARLES MELROSE CLOSE of £170,000 on 17th May 2021. For the value to have increased from £170,000 to £191,458 over the three years and eleven months to June 2025, the following assumptions must hold true:

• The value of 55 CHARLES MELROSE CLOSE has moved in line with the HPI for terraced houses in the West Suffolk local authority area.
• The May 2021 sale price of £170,000 represented a fair market value for the property.
• The size, condition, and specification of 55 CHARLES MELROSE CLOSE has not materially changed since May 2021.

How Large is 55 CHARLES MELROSE CLOSE?

55 CHARLES MELROSE CLOSE is 53m² according to the EPC inspection conducted in March 2010. This puts it in the smallest 10% of terraced houses houses in Mildenhall, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Mildenhall, and where 55 CHARLES MELROSE CLOSE lies on this distribution: 1% of terraced houses houses are smaller than 55 CHARLES MELROSE CLOSE, and 99% of houses are larger. Note that EPC data is not available for all properties in Mildenhall.

55 CHARLES MELROSE CLOSE: Plot and Title Map

55 CHARLES MELROSE CLOSE sits on a plot of roughly 0.026 of an acre, or 104m². The below map shows the location of 55 CHARLES MELROSE CLOSE, 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 55 CHARLES MELROSE CLOSE). 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 55 CHARLES MELROSE CLOSE?

55 CHARLES MELROSE CLOSE is located in MILDENHALL, in the IP28 postcode district. The below map shows the position of No. 55 on CHARLES MELROSE CLOSE.