12, MELVIN CLOSE, LAVERSTOCK, SALISBURY, SP1 1PG - £360,000

Based on the July 2024 Price Paid Data (released on 29th August 2024), the June 2024 House Price Index (released on 14th August 2024), and the July 2024 Energy Performance of Buildings Data (released on 29th August 2024). Sources

12 MELVIN CLOSE is a very small extended detached house of 76m², built sometime between 1930 and 1949. It was last sold for £360,000 in October 2023, which was around 28% below the average October 2023 detached price in the Wiltshire local authority area. The most recent EPC inspection was August 2023, where the current energy rating was D, and the potential energy rating was B.

12 MELVIN CLOSE Sold Prices

Land registry data shows four sales for 12 MELVIN CLOSE 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 12 MELVIN CLOSE 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 27 OCT	£360,000	£501,459	28% below HPI
2017 17 MAR	£289,000	£396,028	27% below HPI
2009 27 MAY	£217,000	£275,981	21% below HPI
2007 12 JAN	£205,000	£313,505	35% below HPI

12 MELVIN CLOSE 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 12 MELVIN CLOSE sales between January 2007 and October 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 March 2017 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the October 2023 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is 12 MELVIN CLOSE?

12 MELVIN CLOSE is 76m², which includes one extension, according to the EPC inspection conducted in August 2023. This puts it in the smallest 10% of detached houses in Salisbury, based on EPC data. The below chart shows the distribution of detached houses by size in Salisbury, and where 12 MELVIN CLOSE lies on this distribution: 8% of detached houses are smaller than 12 MELVIN CLOSE, and 92% of houses are larger. Note that EPC data is not available for all properties in Salisbury.

12 MELVIN CLOSE: Plot and Title Map

12 MELVIN CLOSE sits on a plot of roughly 0.077 of an acre, or 313m². The below map shows the location of 12 MELVIN CLOSE, 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 MELVIN CLOSE). 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 MELVIN CLOSE?

12 MELVIN CLOSE is located in LAVERSTOCK, in the SP1 postcode district. The below map shows the position of No. 12 on MELVIN CLOSE.