1, ACADEMY CLOSE, MELKSHAM, SN12 8FP - £285,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

1 ACADEMY CLOSE is a very small detached house of 88m², which could now be worth an estimated £309,355. It was last sold for £285,000 in November 2021, which was around 40% below the average November 2021 detached price in the Wiltshire local authority area. The most recent EPC inspection was May 2017, where the current energy rating was B, and the potential energy rating was A.

1 ACADEMY CLOSE Sold Prices

Land registry data shows two sales for 1 ACADEMY CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Wiltshire local authority area for the corresponding sale date. Both of the two 1 ACADEMY CLOSE 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
2021 10 NOV	£285,000	£478,857	40% below HPI
2017 31 MAY	£267,995	£406,376	34% below HPI

1 ACADEMY CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Wiltshire local authority area over time, sourced from the HPI. The two 1 ACADEMY CLOSE sales from May 2017 and November 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 May 2017 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the November 2021 sale, where it falls to 40% below the HPI. The line then continues to track at 40% below the HPI.

What might 1 ACADEMY CLOSE be worth now?

1 ACADEMY CLOSE might now be worth an estimated £309,355.

This is based on house price inflation of 8.5%, between November 2021 and February 2025, for detached houses, in the Wiltshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 8.5% inflationary increase is applied to the most recent sale price for 1 ACADEMY CLOSE of £285,000 on 10th November 2021. For the value to have increased from £285,000 to £309,355 over the four years and nine months to February 2025, the following assumptions must hold true:

• The value of 1 ACADEMY CLOSE has moved in line with the HPI for detached houses in the Wiltshire local authority area.
• The November 2021 sale price of £285,000 represented a fair market value for the property.
• The size, condition, and specification of 1 ACADEMY CLOSE has not materially changed since November 2021.

How Large is 1 ACADEMY CLOSE?

1 ACADEMY CLOSE is 88m² according to the EPC inspection conducted in May 2017. This puts it in the smallest 20% of detached houses houses in Melksham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Melksham, and where 1 ACADEMY CLOSE lies on this distribution: 16% of detached houses houses are smaller than 1 ACADEMY CLOSE, and 83% of houses are larger. Note that EPC data is not available for all properties in Melksham.

1 ACADEMY CLOSE: Plot and Title Map

1 ACADEMY CLOSE sits on a plot of roughly 0.053 of an acre, or 214m². The below map shows the location of 1 ACADEMY 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 1 ACADEMY 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 1 ACADEMY CLOSE?

1 ACADEMY CLOSE is located in MELKSHAM, in the SN12 postcode district. The below map shows the position of No. 1 on ACADEMY CLOSE.