3, PENNYCRESS DRIVE, MELKSHAM, SN12 7SG - £250,000

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 PENNYCRESS DRIVE is a midsized extended detached house of 118m², built sometime between 1991 and 1995, which could now be worth an estimated £384,322. It was last sold for £250,000 in October 2013, which was around 26% below the average October 2013 detached price in the Wiltshire local authority area. The most recent EPC inspection was May 2010, where the current energy rating was D, and the potential energy rating was C.

3 PENNYCRESS DRIVE Sold Prices

Land registry data shows five sales for 3 PENNYCRESS DRIVE 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 PENNYCRESS DRIVE 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
2013 4 OCT	£250,000	£338,114	26% below HPI
2011 13 JAN	£245,000	£329,028	26% below HPI
2006 14 FEB	£230,000	£298,203	23% below HPI
2000 25 FEB	£122,000	£167,372	27% below HPI
1996 30 MAY	£94,000	£102,625	8% below HPI

3 PENNYCRESS DRIVE 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 PENNYCRESS DRIVE sales between May 1996 and October 2013 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 January 2011 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the October 2013 sale, which was also at 26% below the HPI.

What might 3 PENNYCRESS DRIVE be worth now?

3 PENNYCRESS DRIVE might now be worth an estimated £384,322.

This is based on house price inflation of 53.7%, between October 2013 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 53.7% inflationary increase is applied to the most recent sale price for 3 PENNYCRESS DRIVE of £250,000 on 4th October 2013. For the value to have increased from £250,000 to £384,322 over the twelve years and eight months to February 2025, the following assumptions must hold true:

• The value of 3 PENNYCRESS DRIVE has moved in line with the HPI for detached houses in the Wiltshire local authority area.
• The October 2013 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 3 PENNYCRESS DRIVE has not materially changed since October 2013.

How Large is 3 PENNYCRESS DRIVE?

3 PENNYCRESS DRIVE is 118m², which includes one extension, according to the EPC inspection conducted in May 2010. This puts it in the largest 50% 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 PENNYCRESS DRIVE lies on this distribution: 53% of detached houses houses are smaller than 3 PENNYCRESS DRIVE, and 47% of houses are larger. Note that EPC data is not available for all properties in Melksham.

3 PENNYCRESS DRIVE: Plot and Title Map

3 PENNYCRESS DRIVE sits on a plot of roughly 0.064 of an acre, or 260m². The below map shows the location of 3 PENNYCRESS DRIVE, 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 PENNYCRESS DRIVE). 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 PENNYCRESS DRIVE?

3 PENNYCRESS DRIVE is located in MELKSHAM, in the SN12 postcode district. The below map shows the position of No. 3 on PENNYCRESS DRIVE.