1, PENNYCRESS DRIVE, MELKSHAM, SN12 7SG - £390,000

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 PENNYCRESS DRIVE is a small extended detached house of 102m², built sometime between 1996 and 2002, which could now be worth an estimated £419,614. It was last sold for £390,000 in January 2022, which was around 19% below the average January 2022 detached price in the Wiltshire local authority area. The most recent EPC inspection was September 2021, where the current energy rating was D, and the potential energy rating was C.

1 PENNYCRESS DRIVE Sold Prices

Land registry data shows two sales for 1 PENNYCRESS DRIVE 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 PENNYCRESS 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
2022 13 JAN	£390,000	£483,095	19% below HPI
1996 30 MAY	£96,000	£102,625	6% below HPI

1 PENNYCRESS DRIVE 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 PENNYCRESS DRIVE sales from May 1996 and January 2022 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 1996 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the January 2022 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might 1 PENNYCRESS DRIVE be worth now?

1 PENNYCRESS DRIVE might now be worth an estimated £419,614.

This is based on house price inflation of 7.6%, between January 2022 and February 2025, for detached houses, in the Wiltshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 7.6% inflationary increase is applied to the most recent sale price for 1 PENNYCRESS DRIVE of £390,000 on 13th January 2022. For the value to have increased from £390,000 to £419,614 over the two years and eleven months to February 2025, the following assumptions must hold true:

• The value of 1 PENNYCRESS DRIVE has moved in line with the HPI for detached houses in the Wiltshire local authority area.
• The January 2022 sale price of £390,000 represented a fair market value for the property.
• The size, condition, and specification of 1 PENNYCRESS DRIVE has not materially changed since January 2022.

How Large is 1 PENNYCRESS DRIVE?

1 PENNYCRESS DRIVE is 102m², which includes two extensions, according to the EPC inspection conducted in September 2021. This puts it in the smallest 40% of detached houses houses in Melksham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Melksham, and where 1 PENNYCRESS DRIVE lies on this distribution: 35% of detached houses houses are smaller than 1 PENNYCRESS DRIVE, and 65% of houses are larger. Note that EPC data is not available for all properties in Melksham.

1 PENNYCRESS DRIVE: Plot and Title Map

1 PENNYCRESS DRIVE sits on a plot of roughly 0.077 of an acre, or 313m². The below map shows the location of 1 PENNYCRESS 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 PENNYCRESS 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 PENNYCRESS DRIVE?

1 PENNYCRESS DRIVE is located in MELKSHAM, in the SN12 postcode district. The below map shows the position of No. 1 on PENNYCRESS DRIVE.