3, MELVILLE STREET, SALFORD, M7 3DL - £327,500

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 MELVILLE STREET is a midsized detached house of 111m², which could now be worth an estimated £379,578. It was last sold for £327,500 in March 2021, which was around 9% below the average March 2021 detached price in the Salford local authority area. The most recent EPC inspection was November 2011, where the current energy rating was C, and the potential energy rating was C.

3 MELVILLE STREET Sold Prices

Land registry data shows two sales for 3 MELVILLE 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 Salford local authority area for the corresponding sale date. One of the two 3 MELVILLE 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
2021 30 MAR	£327,500	£360,829	9% below HPI
2013 18 MAR	£227,050	£188,191	21% above HPI

3 MELVILLE STREET Price Paid vs. HPI Average

The below graph shows the average detached house price in the Salford local authority area over time, sourced from the HPI. The two 3 MELVILLE STREET sales from March 2013 and March 2021 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 March 2013 sale was for 21% above the HPI. So the extrapolation line tracks at 21% above the HPI over time, until the March 2021 sale, where it falls to 9% below the HPI. The line then continues to track at 9% below the HPI.

What might 3 MELVILLE STREET be worth now?

3 MELVILLE STREET might now be worth an estimated £379,578.

This is based on house price inflation of 15.9%, between March 2021 and March 2025, for detached houses, in the Salford local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 15.9% inflationary increase is applied to the most recent sale price for 3 MELVILLE STREET of £327,500 on 30th March 2021. For the value to have increased from £327,500 to £379,578 over the four years to March 2025, the following assumptions must hold true:

• The value of 3 MELVILLE STREET has moved in line with the HPI for detached houses in the Salford local authority area.
• The March 2021 sale price of £327,500 represented a fair market value for the property.
• The size, condition, and specification of 3 MELVILLE STREET has not materially changed since March 2021.

How Large is 3 MELVILLE STREET?

3 MELVILLE STREET is 111m² according to the EPC inspection conducted in November 2011. This puts it in the smallest 50% of detached houses houses in Salford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Salford, and where 3 MELVILLE STREET lies on this distribution: 47% of detached houses houses are smaller than 3 MELVILLE STREET, and 53% of houses are larger. Note that EPC data is not available for all properties in Salford.

3 MELVILLE STREET: Plot and Title Map

3 MELVILLE STREET sits on a plot of roughly 24.5 acres, or 98,987m². The below map shows the location of 3 MELVILLE 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 MELVILLE 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 MELVILLE STREET?

3 MELVILLE STREET is located in SALFORD, in the M7 postcode district. The below map shows the position of No. 3 on MELVILLE STREET.