2, MELROSE GARDENS, HERSHAM, WALTON-ON-THAMES, KT12 5HF - £695,000

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.

2 MELROSE GARDENS is a very small extended detached house of 90m², built sometime between 1930 and 1949, which could now be worth an estimated £760,900. It was last sold for £695,000 in December 2020, which was around 50% below the average December 2020 detached price in the Elmbridge local authority area. The most recent EPC inspection was July 2020, where the current energy rating was D, and the potential energy rating was B.

2 MELROSE GARDENS Sold Prices

Land registry data shows three sales for 2 MELROSE GARDENS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Elmbridge local authority area for the corresponding sale date. All of the three 2 MELROSE GARDENS 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
2020 21 DEC	£695,000	£1,379,030	50% below HPI
2002 16 MAY	£235,000	£566,900	59% below HPI
2000 19 APR	£225,000	£450,233	50% below HPI

2 MELROSE GARDENS Price Paid vs. HPI Average

The below graph shows the average detached house price in the Elmbridge local authority area over time, sourced from the HPI. The three 2 MELROSE GARDENS sales between April 2000 and December 2020 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 May 2002 sale was for 59% below the HPI. So the extrapolation line tracks at 59% below the HPI over time, until the December 2020 sale, where it rises to 50% below the HPI. The line then continues to track at 50% below the HPI.

What might 2 MELROSE GARDENS be worth now?

2 MELROSE GARDENS might now be worth an estimated £760,900.

This is based on house price inflation of 9.5%, between December 2020 and February 2025, for detached houses, in the Elmbridge local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 9.5% inflationary increase is applied to the most recent sale price for 2 MELROSE GARDENS of £695,000 on 21st December 2020. For the value to have increased from £695,000 to £760,900 over the five years and ten months to February 2025, the following assumptions must hold true:

• The value of 2 MELROSE GARDENS has moved in line with the HPI for detached houses in the Elmbridge local authority area.
• The December 2020 sale price of £695,000 represented a fair market value for the property.
• The size, condition, and specification of 2 MELROSE GARDENS has not materially changed since December 2020.

How Large is 2 MELROSE GARDENS?

2 MELROSE GARDENS is 90m², which includes one extension, according to the EPC inspection conducted in July 2020. This puts it in the smallest 20% of detached houses houses in Hersham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hersham, and where 2 MELROSE GARDENS lies on this distribution: 16% of detached houses houses are smaller than 2 MELROSE GARDENS, and 83% of houses are larger. Note that EPC data is not available for all properties in Hersham.

2 MELROSE GARDENS: Plot and Title Map

2 MELROSE GARDENS sits on a plot of roughly 0.071 of an acre, or 288m². The below map shows the location of 2 MELROSE GARDENS, 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 GARDENS). 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 GARDENS?

2 MELROSE GARDENS is located in HERSHAM, in the KT12 postcode district. The below map shows the position of No. 2 on MELROSE GARDENS.