2, MELROSE DRIVE, CREWE, CW1 3YD - £185,000

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 MELROSE DRIVE is a very small detached house of 68m², built sometime between 1983 and 1990. It was last sold for £185,000 in March 2022, which was around 56% below the average March 2022 detached price in the Cheshire East local authority area. The most recent EPC inspection was July 2019, where the current energy rating was D, and the potential energy rating was C.

2 MELROSE DRIVE Sold Prices

Land registry data shows two sales for 2 MELROSE DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Cheshire East local authority area for the corresponding sale date. Both of the two 2 MELROSE DRIVE 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
2022 25 MAR	£185,000	£423,977	56% below HPI
2019 8 NOV	£152,500	£370,370	59% below HPI

2 MELROSE DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Cheshire East local authority area over time, sourced from the HPI. The two 2 MELROSE DRIVE sales from November 2019 and March 2022 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 November 2019 sale was for 59% below the HPI. So the extrapolation line tracks at 59% below the HPI over time, until the March 2022 sale, where it rises to 56% below the HPI. The line then continues to track at 56% below the HPI.

How Large is 2 MELROSE DRIVE?

2 MELROSE DRIVE is 68m² according to the EPC inspection conducted in July 2019. This puts it in the smallest 10% of detached houses in Crewe, based on EPC data. The below chart shows the distribution of detached houses by size in Crewe, and where 2 MELROSE DRIVE lies on this distribution: 9% of detached houses are smaller than 2 MELROSE DRIVE, and 90% of houses are larger. Note that EPC data is not available for all properties in Crewe.

2 MELROSE DRIVE: Plot and Title Map

2 MELROSE DRIVE sits on a plot of roughly 0.060 of an acre, or 242m². The below map shows the location of 2 MELROSE DRIVE, 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 MELROSE DRIVE). 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 MELROSE DRIVE?

2 MELROSE DRIVE is located in CREWE, in the CW1 postcode district. The below map shows the position of No. 2 on MELROSE DRIVE.