34, MELBOURNE DRIVE, STONEHOUSE, GL10 2PJ - £205,000

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.

34 MELBOURNE DRIVE is a very small detached house of 58m², built sometime between 1950 and 1966, which could now be worth an estimated £311,878. It was last sold for £205,000 in September 2014, which was around 42% below the average September 2014 detached price in the Stroud local authority area. The most recent EPC inspection was August 2011, where the current energy rating was D, and the potential energy rating was D.

34 MELBOURNE DRIVE Sold Prices

Land registry data shows two sales for 34 MELBOURNE DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Stroud local authority area for the corresponding sale date. Both of the two 34 MELBOURNE 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
2014 2 SEP	£205,000	£354,937	42% below HPI
2011 26 OCT	£166,500	£311,992	47% below HPI

34 MELBOURNE DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Stroud local authority area over time, sourced from the HPI. The two 34 MELBOURNE DRIVE sales from October 2011 and September 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 2011 sale was for 47% below the HPI. So the extrapolation line tracks at 47% below the HPI over time, until the September 2014 sale, where it rises to 42% below the HPI. The line then continues to track at 42% below the HPI.

What might 34 MELBOURNE DRIVE be worth now?

34 MELBOURNE DRIVE might now be worth an estimated £311,878.

This is based on house price inflation of 52.1%, between September 2014 and February 2025, for detached houses, in the Stroud local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 52.1% inflationary increase is applied to the most recent sale price for 34 MELBOURNE DRIVE of £205,000 on 2nd September 2014. For the value to have increased from £205,000 to £311,878 over the eleven years and seven months to February 2025, the following assumptions must hold true:

• The value of 34 MELBOURNE DRIVE has moved in line with the HPI for detached houses in the Stroud local authority area.
• The September 2014 sale price of £205,000 represented a fair market value for the property.
• The size, condition, and specification of 34 MELBOURNE DRIVE has not materially changed since September 2014.

How Large is 34 MELBOURNE DRIVE?

34 MELBOURNE DRIVE is 58m² according to the EPC inspection conducted in August 2011. This puts it in the smallest 10% of detached houses houses in Stonehouse, based on EPC data. The below chart shows the distribution of detached houses houses by size in Stonehouse, and where 34 MELBOURNE DRIVE lies on this distribution: 2% of detached houses houses are smaller than 34 MELBOURNE DRIVE, and 98% of houses are larger. Note that EPC data is not available for all properties in Stonehouse.

34 MELBOURNE DRIVE: Plot and Title Map

34 MELBOURNE DRIVE sits on a plot of roughly 0.078 of an acre, or 317m². The below map shows the location of 34 MELBOURNE 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 34 MELBOURNE 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 34 MELBOURNE DRIVE?

34 MELBOURNE DRIVE is located in STONEHOUSE, in the GL10 postcode district. The below map shows the position of No. 34 on MELBOURNE DRIVE.