3, FRANE LEA PARK, MELKSHAM, SN12 7EL - £175,000

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.

3 FRANE LEA PARK is a very small detached house of 44m², built sometime between 1983 and 1990, which could now be worth an estimated £229,347. It was last sold for £175,000 in July 2016, which was around 56% below the average July 2016 detached price in the Wiltshire local authority area. The most recent EPC inspection was July 2015, where the current energy rating was D, and the potential energy rating was B.

3 FRANE LEA PARK Sold Prices

Land registry data shows five sales for 3 FRANE LEA PARK 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. All of the five 3 FRANE LEA PARK 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
2016 20 JUL	£175,000	£396,609	56% below HPI
2008 23 MAY	£140,000	£332,358	58% below HPI
2005 1 SEP	£119,500	£299,250	60% below HPI
2000 29 SEP	£79,950	£186,656	57% below HPI
1997 19 MAY	£59,000	£112,753	48% below HPI

3 FRANE LEA PARK 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 3 FRANE LEA PARK sales between May 1997 and July 2016 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 2008 sale was for 58% below the HPI. So the extrapolation line tracks at 58% below the HPI over time, until the July 2016 sale, where it rises to 56% below the HPI. The line then continues to track at 56% below the HPI.

What might 3 FRANE LEA PARK be worth now?

3 FRANE LEA PARK might now be worth an estimated £229,347.

This is based on house price inflation of 31.1%, between July 2016 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 31.1% inflationary increase is applied to the most recent sale price for 3 FRANE LEA PARK of £175,000 on 20th July 2016. For the value to have increased from £175,000 to £229,347 over the nine years and five months to February 2025, the following assumptions must hold true:

• The value of 3 FRANE LEA PARK has moved in line with the HPI for detached houses in the Wiltshire local authority area.
• The July 2016 sale price of £175,000 represented a fair market value for the property.
• The size, condition, and specification of 3 FRANE LEA PARK has not materially changed since July 2016.

How Large is 3 FRANE LEA PARK?

3 FRANE LEA PARK is 44m² according to the EPC inspection conducted in July 2015. This puts it in the smallest 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 3 FRANE LEA PARK lies on this distribution: Less than 1% of detached houses houses are smaller than 3 FRANE LEA PARK, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Melksham.

3 FRANE LEA PARK: Plot and Title Map

3 FRANE LEA PARK sits on a plot of roughly 0.500 of an acre, or 2,022m². The below map shows the location of 3 FRANE LEA PARK, 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 3 FRANE LEA PARK). 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 3 FRANE LEA PARK?

3 FRANE LEA PARK is located in MELKSHAM, in the SN12 postcode district. The below map shows the position of No. 3 on FRANE LEA PARK.