31, MELROSE CLOSE, HAILSHAM, BN27 3XP - £232,000

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

31 MELROSE CLOSE is a very small extended detached house of 79m², built sometime between 1996 and 2002. It was last sold for £232,000 in March 2014, which was around 38% below the average March 2014 detached price in the Wealden local authority area. The most recent EPC inspection was May 2024, where the current energy rating was D, and the potential energy rating was B.

31 MELROSE CLOSE Sold Prices

Land registry data shows three sales for 31 MELROSE 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 Wealden local authority area for the corresponding sale date. All of the three 31 MELROSE 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
2014 14 MAR	£232,000	£371,241	38% below HPI
2007 22 OCT	£224,000	£367,255	39% below HPI
1996 31 MAY	£75,950	£104,115	27% below HPI

31 MELROSE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Wealden local authority area over time, sourced from the HPI. The three 31 MELROSE CLOSE sales between May 1996 and March 2014 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 October 2007 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the March 2014 sale, where it rises to 38% below the HPI. The line then continues to track at 38% below the HPI.

How Large is 31 MELROSE CLOSE?

31 MELROSE CLOSE is 79m², which includes one extension, according to the EPC inspection conducted in May 2024. This puts it in the smallest 20% of detached houses in Hailsham, based on EPC data. The below chart shows the distribution of detached houses by size in Hailsham, and where 31 MELROSE CLOSE lies on this distribution: 16% of detached houses are smaller than 31 MELROSE CLOSE, and 84% of houses are larger. Note that EPC data is not available for all properties in Hailsham.

31 MELROSE CLOSE: Plot and Title Map

31 MELROSE CLOSE sits on a plot of roughly 0.046 of an acre, or 188m². The below map shows the location of 31 MELROSE 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 31 MELROSE 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 31 MELROSE CLOSE?

31 MELROSE CLOSE is located in HAILSHAM, in the BN27 postcode district. The below map shows the position of No. 31 on MELROSE CLOSE.