3, MELBOURNE STREET, SELSTON, NOTTINGHAM, NG16 6AH - £212,000

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 MELBOURNE STREET is a midsized extended detached house of 92m², built sometime between 1950 and 1966, which could now be worth an estimated £263,955. It was last sold for £212,000 in October 2020, which was around 1% below the average October 2020 detached price in the Ashfield local authority area. The most recent EPC inspection was August 2019, where the current energy rating was D, and the potential energy rating was B.

3 MELBOURNE STREET Sold Prices

Land registry data shows two sales for 3 MELBOURNE STREET since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Ashfield local authority area for the corresponding sale date. One of the two 3 MELBOURNE STREET sales was for below the average price, whilst the other was 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
2020 27 OCT	£212,000	£214,637	1% below HPI
1999 30 JUL	£75,000	£63,648	18% above HPI

3 MELBOURNE STREET Price Paid vs. HPI Average

The below graph shows the average detached house price in the Ashfield local authority area over time, sourced from the HPI. The two 3 MELBOURNE STREET sales from July 1999 and October 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 July 1999 sale was for 18% above the HPI. So the extrapolation line tracks at 18% above the HPI over time, until the October 2020 sale, where it falls to 1% below the HPI. The line then continues to track at 1% below the HPI.

What might 3 MELBOURNE STREET be worth now?

3 MELBOURNE STREET might now be worth an estimated £263,955.

This is based on house price inflation of 24.5%, between October 2020 and February 2025, for detached houses, in the Ashfield local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 24.5% inflationary increase is applied to the most recent sale price for 3 MELBOURNE STREET of £212,000 on 27th October 2020. For the value to have increased from £212,000 to £263,955 over the five years and eight months to February 2025, the following assumptions must hold true:

• The value of 3 MELBOURNE STREET has moved in line with the HPI for detached houses in the Ashfield local authority area.
• The October 2020 sale price of £212,000 represented a fair market value for the property.
• The size, condition, and specification of 3 MELBOURNE STREET has not materially changed since October 2020.

How Large is 3 MELBOURNE STREET?

3 MELBOURNE STREET is 92m², which includes one extension, according to the EPC inspection conducted in August 2019. This puts it in the smallest 50% of detached houses houses in Selston, based on EPC data. The below chart shows the distribution of detached houses houses by size in Selston, and where 3 MELBOURNE STREET lies on this distribution: 46% of detached houses houses are smaller than 3 MELBOURNE STREET, and 53% of houses are larger. Note that EPC data is not available for all properties in Selston.

3 MELBOURNE STREET: Plot and Title Map

3 MELBOURNE STREET sits on a plot of roughly 0.083 of an acre, or 336m². The below map shows the location of 3 MELBOURNE STREET, 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 MELBOURNE STREET). 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 MELBOURNE STREET?

3 MELBOURNE STREET is located in SELSTON, in the NG16 postcode district. The below map shows the position of No. 3 on MELBOURNE STREET.