10, PENNYCRESS DRIVE, MELKSHAM, SN12 7SQ - £375,000

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.

10 PENNYCRESS DRIVE is a large extended detached house of 135m², built sometime between 1991 and 1995, which could now be worth an estimated £457,263. It was last sold for £375,000 in January 2018, which was around 12% below the average January 2018 detached price in the Wiltshire local authority area. The most recent EPC inspection was September 2017, where the current energy rating was D, and the potential energy rating was C.

10 PENNYCRESS DRIVE Sold Prices

Land registry data shows four sales for 10 PENNYCRESS DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Wiltshire local authority area for the corresponding sale date. All of the four 10 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
2018 8 JAN	£375,000	£426,268	12% below HPI
2008 30 MAY	£280,000	£332,358	16% below HPI
2001 29 JUN	£165,000	£197,047	16% below HPI
1999 6 AUG	£126,000	£152,166	17% below HPI

10 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 four 10 PENNYCRESS DRIVE sales between August 1999 and January 2018 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 2008 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the January 2018 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might 10 PENNYCRESS DRIVE be worth now?

10 PENNYCRESS DRIVE might now be worth an estimated £457,263.

This is based on house price inflation of 21.9%, between January 2018 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 21.9% inflationary increase is applied to the most recent sale price for 10 PENNYCRESS DRIVE of £375,000 on 8th January 2018. For the value to have increased from £375,000 to £457,263 over the six years and eleven months to February 2025, the following assumptions must hold true:

• The value of 10 PENNYCRESS DRIVE has moved in line with the HPI for detached houses in the Wiltshire local authority area.
• The January 2018 sale price of £375,000 represented a fair market value for the property.
• The size, condition, and specification of 10 PENNYCRESS DRIVE has not materially changed since January 2018.

How Large is 10 PENNYCRESS DRIVE?

10 PENNYCRESS DRIVE is 135m², which includes four extensions, according to the EPC inspection conducted in September 2017. This puts it in the largest 30% 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 10 PENNYCRESS DRIVE lies on this distribution: 75% of detached houses houses are smaller than 10 PENNYCRESS DRIVE, and 24% of houses are larger. Note that EPC data is not available for all properties in Melksham.

10 PENNYCRESS DRIVE: Plot and Title Map

10 PENNYCRESS DRIVE sits on a plot of roughly 0.084 of an acre, or 340m². The below map shows the location of 10 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 10 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 10 PENNYCRESS DRIVE?

10 PENNYCRESS DRIVE is located in MELKSHAM, in the SN12 postcode district. The below map shows the position of No. 10 on PENNYCRESS DRIVE.