1, MELBOURNE DRIVE, STONEHOUSE, GL10 2PJ - £160,000

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.

1 MELBOURNE DRIVE is a very small detached house of 66m², built sometime between 1950 and 1966, which could now be worth an estimated £271,015. It was last sold for £160,000 in January 2007, which was around 50% below the average January 2007 detached price in the Stroud local authority area. The most recent EPC inspection was May 2009, where the current energy rating was D, and the potential energy rating was C.

1 MELBOURNE DRIVE Sold Prices

Land registry data shows three sales for 1 MELBOURNE DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Stroud local authority area for the corresponding sale date. All of the three 1 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
2007 16 JAN	£160,000	£318,793	50% below HPI
1997 22 APR	£76,000	£104,242	27% below HPI
1995 1 DEC	£72,000	£97,183	26% below HPI

1 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 three 1 MELBOURNE DRIVE sales between December 1995 and January 2007 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 April 1997 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the January 2007 sale, where it falls to 50% below the HPI. The line then continues to track at 50% below the HPI.

What might 1 MELBOURNE DRIVE be worth now?

1 MELBOURNE DRIVE might now be worth an estimated £271,015.

This is based on house price inflation of 69.4%, between January 2007 and February 2025, for detached houses, in the Stroud local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 69.4% inflationary increase is applied to the most recent sale price for 1 MELBOURNE DRIVE of £160,000 on 16th January 2007. For the value to have increased from £160,000 to £271,015 over the seventeen years and eleven months to February 2025, the following assumptions must hold true:

• The value of 1 MELBOURNE DRIVE has moved in line with the HPI for detached houses in the Stroud local authority area.
• The January 2007 sale price of £160,000 represented a fair market value for the property.
• The size, condition, and specification of 1 MELBOURNE DRIVE has not materially changed since January 2007.

How Large is 1 MELBOURNE DRIVE?

1 MELBOURNE DRIVE is 66m² according to the EPC inspection conducted in May 2009. This puts it in the smallest 10% of detached houses houses in Stonehouse, based on EPC data. The below chart shows the distribution of detached houses houses by size in Stonehouse, and where 1 MELBOURNE DRIVE lies on this distribution: 4% of detached houses houses are smaller than 1 MELBOURNE DRIVE, and 96% of houses are larger. Note that EPC data is not available for all properties in Stonehouse.

1 MELBOURNE DRIVE: Plot and Title Map

1 MELBOURNE DRIVE sits on a plot of roughly 0.141 of an acre, or 571m². The below map shows the location of 1 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 1 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 1 MELBOURNE DRIVE?

1 MELBOURNE DRIVE is located in STONEHOUSE, in the GL10 postcode district. The below map shows the position of No. 1 on MELBOURNE DRIVE.