3, MELVIN CLOSE, LAVERSTOCK, SALISBURY, SP1 1PG - £510,000

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

3 MELVIN CLOSE is a large extended detached house of 131m², built sometime between 1930 and 1949. It was last sold for £510,000 in June 2023, which was around 3% above the average June 2023 detached price in the Wiltshire local authority area. The most recent EPC inspection was February 2023, where the current energy rating was C, and the potential energy rating was B.

3 MELVIN CLOSE Sold Prices

Land registry data shows three sales for 3 MELVIN CLOSE 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. One of the three 3 MELVIN CLOSE sales was for above the average price, whilst two 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
2023 6 JUN	£510,000	£492,857	3% above HPI
2019 3 JUN	£16,000	£407,636	96% below HPI
2011 19 MAY	£192,500	£305,536	37% below HPI

3 MELVIN CLOSE 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 3 MELVIN CLOSE sales between May 2011 and June 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 June 2019 sale was for 96% below the HPI. So the extrapolation line tracks at 96% below the HPI over time, until the June 2023 sale, where it rises to 3% above the HPI. The line then continues to track at 3% above the HPI.

How Large is 3 MELVIN CLOSE?

3 MELVIN CLOSE is 131m², which includes one extension, according to the EPC inspection conducted in February 2023. This puts it in the largest 40% of detached houses in Salisbury, based on EPC data. The below chart shows the distribution of detached houses by size in Salisbury, and where 3 MELVIN CLOSE lies on this distribution: 62% of detached houses are smaller than 3 MELVIN CLOSE, and 36% of houses are larger. Note that EPC data is not available for all properties in Salisbury.

3 MELVIN CLOSE: Plot and Title Map

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

3 MELVIN CLOSE is located in LAVERSTOCK, in the SP1 postcode district. The below map shows the position of No. 3 on MELVIN CLOSE.