1, FRANE LEA PARK, MELKSHAM, SN12 7EL - £198,000

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 FRANE LEA PARK is a very small detached house of 64m², built sometime between 1996 and 2002. It was last sold for £198,000 in August 2016, which was around 49% below the average August 2016 detached price in the Wiltshire local authority area. The most recent EPC inspection was June 2016, where the current energy rating was D, and the potential energy rating was B.

1 FRANE LEA PARK Sold Prices

Land registry data shows three sales for 1 FRANE LEA PARK since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Wiltshire local authority area for the corresponding sale date. All of the three 1 FRANE LEA PARK 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
2016 12 AUG	£198,000	£389,788	49% below HPI
2007 9 FEB	£144,000	£314,127	54% below HPI
1998 19 JAN	£67,000	£120,405	44% below HPI

1 FRANE LEA PARK 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 three 1 FRANE LEA PARK sales between January 1998 and August 2016 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 February 2007 sale was for 54% below the HPI. So the extrapolation line tracks at 54% below the HPI over time, until the August 2016 sale, where it rises to 49% below the HPI. The line then continues to track at 49% below the HPI.

How Large is 1 FRANE LEA PARK?

1 FRANE LEA PARK is 64m² according to the EPC inspection conducted in June 2016. This puts it in the smallest 10% 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 FRANE LEA PARK lies on this distribution: 3% of detached houses are smaller than 1 FRANE LEA PARK, and 97% of houses are larger. Note that EPC data is not available for all properties in Melksham.

1 FRANE LEA PARK: Plot and Title Map

1 FRANE LEA PARK sits on a plot of roughly 0.500 of an acre, or 2,022m². The below map shows the location of 1 FRANE LEA PARK, 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 FRANE LEA PARK). 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 FRANE LEA PARK?

1 FRANE LEA PARK is located in MELKSHAM, in the SN12 postcode district. The below map shows the position of No. 1 on FRANE LEA PARK.