1, MELBOURNE STREET, SELSTON, NOTTINGHAM, NG16 6AH - £155,000

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 STREET is a very small detached house of 65m², built sometime between 1967 and 1975, which could now be worth an estimated £201,695. It was last sold for £155,000 in October 2019, which was around 25% below the average October 2019 detached price in the Ashfield local authority area. The most recent EPC inspection was February 2010, where the current energy rating was E, and the potential energy rating was D.

1 MELBOURNE STREET Sold Prices

Land registry data shows three sales for 1 MELBOURNE STREET since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Ashfield local authority area for the corresponding sale date. All of the three 1 MELBOURNE STREET 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
2019 25 OCT	£155,000	£205,369	25% below HPI
2019 14 JUN	£150,000	£201,060	25% below HPI
2011 1 FEB	£60,000	£145,963	59% below HPI

1 MELBOURNE STREET Price Paid vs. HPI Average

The below graph shows the average detached house price in the Ashfield local authority area over time, sourced from the HPI. The three 1 MELBOURNE STREET sales between February 2011 and October 2019 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 June 2019 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the October 2019 sale, which was also at 25% below the HPI.

What might 1 MELBOURNE STREET be worth now?

1 MELBOURNE STREET might now be worth an estimated £201,695.

This is based on house price inflation of 30.1%, between October 2019 and February 2025, for detached houses, in the Ashfield local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 30.1% inflationary increase is applied to the most recent sale price for 1 MELBOURNE STREET of £155,000 on 25th October 2019. For the value to have increased from £155,000 to £201,695 over the six years and eight months to February 2025, the following assumptions must hold true:

• The value of 1 MELBOURNE STREET has moved in line with the HPI for detached houses in the Ashfield local authority area.
• The October 2019 sale price of £155,000 represented a fair market value for the property.
• The size, condition, and specification of 1 MELBOURNE STREET has not materially changed since October 2019.

How Large is 1 MELBOURNE STREET?

1 MELBOURNE STREET is 65m² according to the EPC inspection conducted in February 2010. This puts it in the smallest 20% of detached houses houses in Selston, based on EPC data. The below chart shows the distribution of detached houses houses by size in Selston, and where 1 MELBOURNE STREET lies on this distribution: 13% of detached houses houses are smaller than 1 MELBOURNE STREET, and 86% of houses are larger. Note that EPC data is not available for all properties in Selston.

1 MELBOURNE STREET: Plot and Title Map

1 MELBOURNE STREET sits on a plot of roughly 0.107 of an acre, or 433m². The below map shows the location of 1 MELBOURNE STREET, 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 STREET). 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 STREET?

1 MELBOURNE STREET is located in SELSTON, in the NG16 postcode district. The below map shows the position of No. 1 on MELBOURNE STREET.