38, HALE CLOSE, MELBOURN, ROYSTON, SG8 6ET - £345,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

38 HALE CLOSE is a small extended semi-detached house of 111m², built sometime between 1967 and 1975, which could now be worth an estimated £514,624. It was last sold for £345,000 in September 2014, which was around 28% above the average September 2014 semi-detached price in the South Cambridgeshire local authority area. The most recent EPC inspection was April 2014, where the current energy rating was D, and the potential energy rating was C.

38 HALE CLOSE Sold Prices

Land registry data shows three sales for 38 HALE CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the South Cambridgeshire local authority area for the corresponding sale date. All of the three 38 HALE CLOSE sales were for above 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 5 SEP	£345,000	£270,272	28% above HPI
1998 19 JAN	£111,000	£83,124	34% above HPI
1995 21 JUL	£93,500	£68,655	36% above HPI

38 HALE CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the South Cambridgeshire local authority area over time, sourced from the HPI. The three 38 HALE CLOSE sales between July 1995 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 January 1998 sale was for 34% above the HPI. So the extrapolation line tracks at 34% above the HPI over time, until the September 2014 sale, where it falls to 28% above the HPI. The line then continues to track at 28% above the HPI.

What might 38 HALE CLOSE be worth now?

38 HALE CLOSE might now be worth an estimated £514,624.

This is based on house price inflation of 49.2%, between September 2014 and February 2025, for semi-detached houses, in the South Cambridgeshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 49.2% inflationary increase is applied to the most recent sale price for 38 HALE CLOSE of £345,000 on 5th September 2014. For the value to have increased from £345,000 to £514,624 over the eleven years and seven months to February 2025, the following assumptions must hold true:

• The value of 38 HALE CLOSE has moved in line with the HPI for semi-detached houses in the South Cambridgeshire local authority area.
• The September 2014 sale price of £345,000 represented a fair market value for the property.
• The size, condition, and specification of 38 HALE CLOSE has not materially changed since September 2014.

How Large is 38 HALE CLOSE?

38 HALE CLOSE is 111m², which includes one extension, according to the EPC inspection conducted in April 2014. This puts it in the smallest 30% of semi-detached houses houses in Melbourn, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Melbourn, and where 38 HALE CLOSE lies on this distribution: 27% of semi-detached houses houses are smaller than 38 HALE CLOSE, and 72% of houses are larger. Note that EPC data is not available for all properties in Melbourn.

38 HALE CLOSE: Plot and Title Map

38 HALE CLOSE sits on a plot of roughly 0.083 of an acre, or 334m². The below map shows the location of 38 HALE 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 38 HALE 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 38 HALE CLOSE?

38 HALE CLOSE is located in MELBOURN, in the SG8 postcode district. The below map shows the position of No. 38 on HALE CLOSE.