2, MELFORD CLOSE, PETERBOROUGH, PE3 9NG - £280,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

2 MELFORD CLOSE is a very small extended detached house of 86m², built sometime between 1967 and 1975. It was last sold for £280,000 in January 2021, which was around 11% below the average January 2021 detached price in the City of Peterborough local authority area. The most recent EPC inspection was June 2020, where the current energy rating was D, and the potential energy rating was B.

2 MELFORD CLOSE Sold Prices

Land registry data shows three sales for 2 MELFORD 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 City of Peterborough local authority area for the corresponding sale date. All of the three 2 MELFORD 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
2021 15 JAN	£280,000	£313,692	11% below HPI
2008 4 SEP	£190,000	£220,000	14% below HPI
2008 4 JUL	£172,200	£227,423	24% below HPI

2 MELFORD CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the City of Peterborough local authority area over time, sourced from the HPI. The three 2 MELFORD CLOSE sales between July 2008 and January 2021 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 September 2008 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the January 2021 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is 2 MELFORD CLOSE?

2 MELFORD CLOSE is 86m², which includes one extension, according to the EPC inspection conducted in June 2020. This puts it in the smallest 20% of detached houses in Peterborough, based on EPC data. The below chart shows the distribution of detached houses by size in Peterborough, and where 2 MELFORD CLOSE lies on this distribution: 19% of detached houses are smaller than 2 MELFORD CLOSE, and 80% of houses are larger. Note that EPC data is not available for all properties in Peterborough.

2 MELFORD CLOSE: Plot and Title Map

2 MELFORD CLOSE sits on a plot of roughly 0.168 of an acre, or 680m². The below map shows the location of 2 MELFORD 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 2 MELFORD 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 2 MELFORD CLOSE?

2 MELFORD CLOSE is located in PETERBOROUGH, in the PE3 postcode district. The below map shows the position of No. 2 on MELFORD CLOSE.