3, SPEEDWELL CLOSE, MELKSHAM, SN12 7TE - £318,750

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 SPEEDWELL CLOSE is a large detached house of 136m², built sometime between 1991 and 1995, which could now be worth an estimated £438,378. It was last sold for £318,750 in September 2015, which was around 16% below the average September 2015 detached price in the Wiltshire local authority area. The most recent EPC inspection was August 2014, where the current energy rating was D, and the potential energy rating was B.

3 SPEEDWELL CLOSE Sold Prices

Land registry data shows five sales for 3 SPEEDWELL CLOSE 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. Most of the five 3 SPEEDWELL CLOSE 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
2015 25 SEP	£318,750	£377,937	16% below HPI
2014 27 JUN	£295,000	£332,488	11% below HPI
2005 15 DEC	£272,000	£298,200	9% below HPI
2002 18 DEC	£235,000	£250,617	6% below HPI
1996 8 OCT	£119,000	£108,854	9% above HPI

3 SPEEDWELL 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 five 3 SPEEDWELL CLOSE sales between October 1996 and September 2015 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 2014 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the September 2015 sale, where it falls to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might 3 SPEEDWELL CLOSE be worth now?

3 SPEEDWELL CLOSE might now be worth an estimated £438,378.

This is based on house price inflation of 37.5%, between September 2015 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 37.5% inflationary increase is applied to the most recent sale price for 3 SPEEDWELL CLOSE of £318,750 on 25th September 2015. For the value to have increased from £318,750 to £438,378 over the ten years and seven months to February 2025, the following assumptions must hold true:

• The value of 3 SPEEDWELL CLOSE has moved in line with the HPI for detached houses in the Wiltshire local authority area.
• The September 2015 sale price of £318,750 represented a fair market value for the property.
• The size, condition, and specification of 3 SPEEDWELL CLOSE has not materially changed since September 2015.

How Large is 3 SPEEDWELL CLOSE?

3 SPEEDWELL CLOSE is 136m² according to the EPC inspection conducted in August 2014. This puts it in the largest 30% 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 SPEEDWELL CLOSE lies on this distribution: 76% of detached houses houses are smaller than 3 SPEEDWELL CLOSE, and 24% of houses are larger. Note that EPC data is not available for all properties in Melksham.

3 SPEEDWELL CLOSE: Plot and Title Map

3 SPEEDWELL CLOSE sits on a plot of roughly 0.089 of an acre, or 362m². The below map shows the location of 3 SPEEDWELL 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 SPEEDWELL 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 SPEEDWELL CLOSE?

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