40, MELBOURNE DRIVE, STONEHOUSE, GL10 2PJ - £217,500

40 MELBOURNE DRIVE is a very small detached house of 56m², built sometime between 1967 and 1975. It was last sold for £217,500 in March 2011, which was around 28% below the average March 2011 detached price in the Stroud local authority area. The most recent EPC inspection was November 2010, where the current energy rating was D, and the potential energy rating was D.

40 MELBOURNE DRIVE Sold Prices

Land registry data shows two sales for 40 MELBOURNE DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Stroud local authority area for the corresponding sale date. Both of the two 40 MELBOURNE DRIVE 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
2011 14 MAR	£217,500	£301,503	28% below HPI
2010 8 JUL	£167,000	£306,410	45% below HPI

40 MELBOURNE DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Stroud local authority area over time, sourced from the HPI. The two 40 MELBOURNE DRIVE sales from July 2010 and March 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 July 2010 sale was for 45% below the HPI. So the extrapolation line tracks at 45% below the HPI over time, until the March 2011 sale, where it rises to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is 40 MELBOURNE DRIVE?

40 MELBOURNE DRIVE is 56m² according to the EPC inspection conducted in November 2010. This puts it in the smallest 10% of detached houses in Stonehouse, based on EPC data. The below chart shows the distribution of detached houses by size in Stonehouse, and where 40 MELBOURNE DRIVE lies on this distribution: 1% of detached houses are smaller than 40 MELBOURNE DRIVE, and 99% of houses are larger. Note that EPC data is not available for all properties in Stonehouse.

40 MELBOURNE DRIVE: Plot and Title Map

40 MELBOURNE DRIVE sits on a plot of roughly 0.074 of an acre, or 301m². The below map shows the location of 40 MELBOURNE DRIVE, 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 40 MELBOURNE DRIVE). 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 40 MELBOURNE DRIVE?

40 MELBOURNE DRIVE is located in STONEHOUSE, in the GL10 postcode district. The below map shows the position of No. 40 on MELBOURNE DRIVE.