12, MELROSE DRIVE, PETERBOROUGH, PE2 9DN - £255,000

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

12 MELROSE DRIVE is a very small extended detached house of 82m², built sometime between 1991 and 1995. It was last sold for £255,000 in March 2022, which was around 28% below the average March 2022 detached price in the City of Peterborough local authority area. The most recent EPC inspection was November 2021, where the current energy rating was D, and the potential energy rating was B.

12 MELROSE DRIVE Sold Prices

Land registry data shows three sales for 12 MELROSE DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the City of Peterborough local authority area for the corresponding sale date. All of the three 12 MELROSE 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 21 MAR	£255,000	£355,095	28% below HPI
2006 23 FEB	£155,000	£211,097	27% below HPI
2003 14 MAR	£115,000	£167,410	31% below HPI

12 MELROSE DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the City of Peterborough local authority area over time, sourced from the HPI. The three 12 MELROSE DRIVE sales between March 2003 and March 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 February 2006 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the March 2022 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is 12 MELROSE DRIVE?

12 MELROSE DRIVE is 82m², which includes one extension, according to the EPC inspection conducted in November 2021. This puts it in the smallest 20% of detached houses in Peterborough, based on EPC data. The below chart shows the distribution of detached houses by size in Peterborough, and where 12 MELROSE DRIVE lies on this distribution: 15% of detached houses are smaller than 12 MELROSE DRIVE, and 84% of houses are larger. Note that EPC data is not available for all properties in Peterborough.

12 MELROSE DRIVE: Plot and Title Map

12 MELROSE DRIVE sits on a plot of roughly 0.096 of an acre, or 388m². The below map shows the location of 12 MELROSE 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 12 MELROSE 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 12 MELROSE DRIVE?

12 MELROSE DRIVE is located in PETERBOROUGH, in the PE2 postcode district. The below map shows the position of No. 12 on MELROSE DRIVE.