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

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

1 ACADEMY CLOSE is a very small detached house of 88m². It was last sold for £285,000 in November 2021, which was around 38% 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	£462,734	38% below HPI
2017 31 MAY	£267,995	£392,694	32% 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 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the November 2021 sale, where it falls to 38% below the HPI. The line then continues to track at 38% below the HPI.

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 in Melksham, based on EPC data. The below chart shows the distribution of detached houses by size in Melksham, and where 1 ACADEMY CLOSE lies on this distribution: 16% of detached 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.