2, SPA ROAD, MELKSHAM, SN12 7NS - £515,000

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 SPA ROAD is a very large extended detached house of 198m², built sometime before 1900. It was last sold for £515,000 in July 2023, which was around 5% above the average July 2023 detached price in the Wiltshire local authority area. The most recent EPC inspection was September 2022, where the current energy rating was D, and the potential energy rating was B.

2 SPA ROAD Sold Prices

Land registry data shows five sales for 2 SPA ROAD since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Wiltshire local authority area for the corresponding sale date. Most of the five 2 SPA ROAD sales were for above 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
2023 26 JUL	£515,000	£488,471	5% above HPI
2021 19 FEB	£285,000	£436,700	35% below HPI
2008 15 FEB	£395,000	£324,074	22% above HPI
2001 31 AUG	£201,000	£197,834	2% above HPI
1999 10 DEC	£135,000	£155,256	13% below HPI

2 SPA ROAD 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 five 2 SPA ROAD sales between December 1999 and July 2023 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 February 2021 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the July 2023 sale, where it rises to 5% above the HPI. The line then continues to track at 5% above the HPI.

How Large is 2 SPA ROAD?

2 SPA ROAD is 198m², which includes one extension, according to the EPC inspection conducted in September 2022. This puts it in the largest 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 SPA ROAD lies on this distribution: 98% of detached houses are smaller than 2 SPA ROAD, and 2% of houses are larger. Note that EPC data is not available for all properties in Melksham.

2 SPA ROAD: Plot and Title Map

2 SPA ROAD sits on a plot of roughly 0.095 of an acre, or 386m². The below map shows the location of 2 SPA ROAD, 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 SPA ROAD). 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 SPA ROAD?

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