1, MELROSE AVENUE, BEESTON, NOTTINGHAM, NG9 1HW - £290,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 MELROSE AVENUE is a very small detached house of 68m², built sometime between 1930 and 1949. It was last sold for £290,000 in November 2023, which was around 16% below the average November 2023 detached price in the Broxtowe local authority area. The most recent EPC inspection was February 2009, where the current energy rating was D, and the potential energy rating was D.

1 MELROSE AVENUE Sold Prices

Land registry data shows two sales for 1 MELROSE AVENUE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Broxtowe local authority area for the corresponding sale date. Both of the two 1 MELROSE AVENUE 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
2023 21 NOV	£290,000	£343,204	16% below HPI
2023 3 MAY	£190,000	£342,028	44% below HPI

1 MELROSE AVENUE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Broxtowe local authority area over time, sourced from the HPI. The two 1 MELROSE AVENUE sales from May 2023 and November 2023 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 2023 sale was for 44% below the HPI. So the extrapolation line tracks at 44% below the HPI over time, until the November 2023 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

How Large is 1 MELROSE AVENUE?

1 MELROSE AVENUE is 68m² according to the EPC inspection conducted in February 2009. This puts it in the smallest 10% of detached houses in Beeston, based on EPC data. The below chart shows the distribution of detached houses by size in Beeston, and where 1 MELROSE AVENUE lies on this distribution: 7% of detached houses are smaller than 1 MELROSE AVENUE, and 93% of houses are larger. Note that EPC data is not available for all properties in Beeston.

1 MELROSE AVENUE: Plot and Title Map

1 MELROSE AVENUE sits on a plot of roughly 0.061 of an acre, or 247m². The below map shows the location of 1 MELROSE AVENUE, 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 MELROSE AVENUE). 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 MELROSE AVENUE?

1 MELROSE AVENUE is located in BEESTON, in the NG9 postcode district. The below map shows the position of No. 1 on MELROSE AVENUE.