18, MELTON CLOSE, WYMONDHAM, NR18 0JW - £190,000

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.

18 MELTON CLOSE is a very small detached house of 64m², built sometime between 1983 and 1990, which could now be worth an estimated £244,189. It was last sold for £190,000 in July 2019, which was around 45% below the average July 2019 detached price in the South Norfolk local authority area. The most recent EPC inspection was April 2011, where the current energy rating was C, and the potential energy rating was C.

18 MELTON CLOSE Sold Prices

Land registry data shows five sales for 18 MELTON CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the South Norfolk local authority area for the corresponding sale date. All of the five 18 MELTON 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
2019 31 JUL	£190,000	£342,431	45% below HPI
2008 24 JAN	£150,000	£260,882	43% below HPI
2003 17 FEB	£104,000	£184,793	44% below HPI
2000 17 NOV	£74,000	£127,163	42% below HPI
1999 12 AUG	£51,000	£96,906	47% below HPI

18 MELTON CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Norfolk local authority area over time, sourced from the HPI. The five 18 MELTON CLOSE sales between August 1999 and July 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 January 2008 sale was for 43% below the HPI. So the extrapolation line tracks at 43% below the HPI over time, until the July 2019 sale, where it falls to 45% below the HPI. The line then continues to track at 45% below the HPI.

What might 18 MELTON CLOSE be worth now?

18 MELTON CLOSE might now be worth an estimated £244,189.

This is based on house price inflation of 28.5%, between July 2019 and February 2025, for detached houses, in the South Norfolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 28.5% inflationary increase is applied to the most recent sale price for 18 MELTON CLOSE of £190,000 on 31st July 2019. For the value to have increased from £190,000 to £244,189 over the six years and five months to February 2025, the following assumptions must hold true:

• The value of 18 MELTON CLOSE has moved in line with the HPI for detached houses in the South Norfolk local authority area.
• The July 2019 sale price of £190,000 represented a fair market value for the property.
• The size, condition, and specification of 18 MELTON CLOSE has not materially changed since July 2019.

How Large is 18 MELTON CLOSE?

18 MELTON CLOSE is 64m² according to the EPC inspection conducted in April 2011. This puts it in the smallest 10% of detached houses houses in Wymondham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wymondham, and where 18 MELTON CLOSE lies on this distribution: 5% of detached houses houses are smaller than 18 MELTON CLOSE, and 95% of houses are larger. Note that EPC data is not available for all properties in Wymondham.

18 MELTON CLOSE: Plot and Title Map

18 MELTON CLOSE sits on a plot of roughly 0.038 of an acre, or 154m². The below map shows the location of 18 MELTON 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 18 MELTON 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 18 MELTON CLOSE?

18 MELTON CLOSE is located in WYMONDHAM, in the NR18 postcode district. The below map shows the position of No. 18 on MELTON CLOSE.