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

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 PENNYCRESS DRIVE is a small extended detached house of 102m², built sometime between 1996 and 2002. It was last sold for £390,000 in January 2022, which was around 16% 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	£466,830	16% below HPI
1996 30 MAY	£96,000	£99,170	3% 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 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the January 2022 sale, where it falls to 16% below the HPI. The line then continues to track at 16% below the HPI.

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 in Melksham, based on EPC data. The below chart shows the distribution of detached houses by size in Melksham, and where 1 PENNYCRESS DRIVE lies on this distribution: 35% of detached 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.