15, MELVILLE LEA, WOODNESBOROUGH, SANDWICH, CT13 0NE - £320,000

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 MELVILLE LEA is a very small detached house of 77m², built sometime between 1967 and 1975, which could now be worth an estimated £382,108. It was last sold for £320,000 in February 2019, which was around 24% below the average February 2019 detached price in the Dover local authority area. The most recent EPC inspection was November 2012, where the current energy rating was D, and the potential energy rating was B.

15 MELVILLE LEA Sold Prices

Land registry data shows three sales for 15 MELVILLE LEA since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Dover local authority area for the corresponding sale date. All of the three 15 MELVILLE LEA 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
2019 28 FEB	£320,000	£421,911	24% below HPI
2012 20 DEC	£200,000	£285,009	30% below HPI
2011 8 DEC	£250,000	£284,627	12% below HPI

15 MELVILLE LEA Price Paid vs. HPI Average

The below graph shows the average detached house price in the Dover local authority area over time, sourced from the HPI. The three 15 MELVILLE LEA sales between December 2011 and February 2019 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 December 2012 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the February 2019 sale, where it rises to 24% below the HPI. The line then continues to track at 24% below the HPI.

What might 15 MELVILLE LEA be worth now?

15 MELVILLE LEA might now be worth an estimated £382,108.

This is based on house price inflation of 19.4%, between February 2019 and February 2025, for detached houses, in the Dover local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 19.4% inflationary increase is applied to the most recent sale price for 15 MELVILLE LEA of £320,000 on 28th February 2019. For the value to have increased from £320,000 to £382,108 over the six years to February 2025, the following assumptions must hold true:

• The value of 15 MELVILLE LEA has moved in line with the HPI for detached houses in the Dover local authority area.
• The February 2019 sale price of £320,000 represented a fair market value for the property.
• The size, condition, and specification of 15 MELVILLE LEA has not materially changed since February 2019.

How Large is 15 MELVILLE LEA?

15 MELVILLE LEA is 77m² according to the EPC inspection conducted in November 2012. This puts it in the smallest 20% of detached houses houses in Woodnesborough, based on EPC data. The below chart shows the distribution of detached houses houses by size in Woodnesborough, and where 15 MELVILLE LEA lies on this distribution: 11% of detached houses houses are smaller than 15 MELVILLE LEA, and 89% of houses are larger. Note that EPC data is not available for all properties in Woodnesborough.

15 MELVILLE LEA: Plot and Title Map

15 MELVILLE LEA sits on a plot of roughly 0.122 of an acre, or 492m². The below map shows the location of 15 MELVILLE LEA, 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 MELVILLE LEA). 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 MELVILLE LEA?

15 MELVILLE LEA is located in WOODNESBOROUGH, in the CT13 postcode district. The below map shows the position of No. 15 on MELVILLE LEA.