15, MELICK CLOSE, MARCHWOOD, SOUTHAMPTON, SO40 4YJ - £215,000

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.

15 MELICK CLOSE is a small detached house of 91m², built sometime between 1976 and 1982, which could now be worth an estimated £343,432. It was last sold for £215,000 in July 2012, which was around 41% below the average July 2012 detached price in the New Forest local authority area. The most recent EPC inspection was November 2009, where the current energy rating was D, and the potential energy rating was C.

15 MELICK CLOSE Sold Prices

Land registry data shows three sales for 15 MELICK CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the New Forest local authority area for the corresponding sale date. All of the three 15 MELICK 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
2012 25 JUL	£215,000	£364,633	41% below HPI
2010 18 JUN	£204,950	£361,154	43% below HPI
1998 19 JAN	£79,950	£136,088	41% below HPI

15 MELICK CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the New Forest local authority area over time, sourced from the HPI. The three 15 MELICK CLOSE sales between January 1998 and July 2012 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 June 2010 sale was for 43% below the HPI. So the extrapolation line tracks at 43% below the HPI over time, until the July 2012 sale, where it rises to 41% below the HPI. The line then continues to track at 41% below the HPI.

What might 15 MELICK CLOSE be worth now?

15 MELICK CLOSE might now be worth an estimated £343,432.

This is based on house price inflation of 59.7%, between July 2012 and February 2025, for detached houses, in the New Forest local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 59.7% inflationary increase is applied to the most recent sale price for 15 MELICK CLOSE of £215,000 on 25th July 2012. For the value to have increased from £215,000 to £343,432 over the thirteen years and five months to February 2025, the following assumptions must hold true:

• The value of 15 MELICK CLOSE has moved in line with the HPI for detached houses in the New Forest local authority area.
• The July 2012 sale price of £215,000 represented a fair market value for the property.
• The size, condition, and specification of 15 MELICK CLOSE has not materially changed since July 2012.

How Large is 15 MELICK CLOSE?

15 MELICK CLOSE is 91m² according to the EPC inspection conducted in November 2009. This puts it in the smallest 30% of detached houses houses in Marchwood, based on EPC data. The below chart shows the distribution of detached houses houses by size in Marchwood, and where 15 MELICK CLOSE lies on this distribution: 23% of detached houses houses are smaller than 15 MELICK CLOSE, and 77% of houses are larger. Note that EPC data is not available for all properties in Marchwood.

15 MELICK CLOSE: Plot and Title Map

15 MELICK CLOSE sits on a plot of roughly 0.062 of an acre, or 250m². The below map shows the location of 15 MELICK 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 15 MELICK 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 15 MELICK CLOSE?

15 MELICK CLOSE is located in MARCHWOOD, in the SO40 postcode district. The below map shows the position of No. 15 on MELICK CLOSE.