2, OAKWOOD DRIVE, MELKSHAM, SN12 7NN - £610,000

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 OAKWOOD DRIVE is a very large extended detached house of 195m², built sometime between 1983 and 1990, which could now be worth an estimated £623,299. It was last sold for £610,000 in August 2024, which was around 20% above the average August 2024 detached price in the Wiltshire local authority area. The most recent EPC inspection was March 2024, where the current energy rating was C, and the potential energy rating was B.

2 OAKWOOD DRIVE Sold Prices

Land registry data shows three sales for 2 OAKWOOD DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Wiltshire local authority area for the corresponding sale date. Two of the three 2 OAKWOOD DRIVE sales were for above the average price, whilst one was 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
2024 15 AUG	£610,000	£508,688	20% above HPI
2015 9 JUN	£425,000	£358,791	18% above HPI
2013 8 MAR	£275,000	£320,142	14% below HPI

2 OAKWOOD DRIVE 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 three 2 OAKWOOD DRIVE sales between March 2013 and August 2024 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 June 2015 sale was for 18% above the HPI. So the extrapolation line tracks at 18% above the HPI over time, until the August 2024 sale, where it rises to 20% above the HPI. The line then continues to track at 20% above the HPI.

What might 2 OAKWOOD DRIVE be worth now?

2 OAKWOOD DRIVE might now be worth an estimated £623,299.

This is based on house price inflation of 2.2%, between August 2024 and February 2025, for detached houses, in the Wiltshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 2.2% inflationary increase is applied to the most recent sale price for 2 OAKWOOD DRIVE of £610,000 on 15th August 2024. For the value to have increased from £610,000 to £623,299 over the one year and six months to February 2025, the following assumptions must hold true:

• The value of 2 OAKWOOD DRIVE has moved in line with the HPI for detached houses in the Wiltshire local authority area.
• The August 2024 sale price of £610,000 represented a fair market value for the property.
• The size, condition, and specification of 2 OAKWOOD DRIVE has not materially changed since August 2024.

How Large is 2 OAKWOOD DRIVE?

2 OAKWOOD DRIVE is 195m², which includes two extensions, according to the EPC inspection conducted in March 2024. This puts it in the largest 10% of detached houses houses in Melksham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Melksham, and where 2 OAKWOOD DRIVE lies on this distribution: 98% of detached houses houses are smaller than 2 OAKWOOD DRIVE, and 2% of houses are larger. Note that EPC data is not available for all properties in Melksham.

2 OAKWOOD DRIVE: Plot and Title Map

2 OAKWOOD DRIVE sits on a plot of roughly 0.129 of an acre, or 522m². The below map shows the location of 2 OAKWOOD 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 OAKWOOD 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 OAKWOOD DRIVE?

2 OAKWOOD DRIVE is located in MELKSHAM, in the SN12 postcode district. The below map shows the position of No. 2 on OAKWOOD DRIVE.