2, FRANE LEA PARK, MELKSHAM, SN12 7EL - £230,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

2 FRANE LEA PARK is a very small extended detached house of 70m², built sometime between 1983 and 1990. It was last sold for £230,000 in December 2017, which was around 44% below the average December 2017 detached price in the Wiltshire local authority area. The most recent EPC inspection was January 2024, where the current energy rating was D, and the potential energy rating was B.

2 FRANE LEA PARK Sold Prices

Land registry data shows four sales for 2 FRANE LEA PARK 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 2 FRANE LEA PARK 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
2017 15 DEC	£230,000	£411,259	44% below HPI
2015 4 MAR	£165,000	£340,484	52% below HPI
2004 19 MAR	£144,000	£268,514	46% below HPI
1999 31 AUG	£71,000	£147,043	52% below HPI

2 FRANE LEA PARK 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 2 FRANE LEA PARK sales between August 1999 and December 2017 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 2015 sale was for 52% below the HPI. So the extrapolation line tracks at 52% below the HPI over time, until the December 2017 sale, where it rises to 44% below the HPI. The line then continues to track at 44% below the HPI.

How Large is 2 FRANE LEA PARK?

2 FRANE LEA PARK is 70m², which includes one extension, according to the EPC inspection conducted in January 2024. This puts it in the smallest 10% of detached houses in Melksham, based on EPC data. The below chart shows the distribution of detached houses by size in Melksham, and where 2 FRANE LEA PARK lies on this distribution: 5% of detached houses are smaller than 2 FRANE LEA PARK, and 95% of houses are larger. Note that EPC data is not available for all properties in Melksham.

2 FRANE LEA PARK: Plot and Title Map

2 FRANE LEA PARK sits on a plot of roughly 0.500 of an acre, or 2,022m². The below map shows the location of 2 FRANE LEA PARK, 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 2 FRANE LEA PARK). 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 2 FRANE LEA PARK?

2 FRANE LEA PARK is located in MELKSHAM, in the SN12 postcode district. The below map shows the position of No. 2 on FRANE LEA PARK.