38, MELBOURNE CLOSE, NUNEATON, CV11 4RX - £160,000

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 MELBOURNE CLOSE is a very small semi-detached house of 55m², built sometime between 1991 and 1995, which could now be worth an estimated £217,101. It was last sold for £160,000 in May 2018, which was around 6% below the average May 2018 semi-detached price in the Nuneaton and Bedworth local authority area. The most recent EPC inspection was October 2012, where the current energy rating was C, and the potential energy rating was B.

38 MELBOURNE CLOSE Sold Prices

Land registry data shows three sales for 38 MELBOURNE 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 Nuneaton and Bedworth local authority area for the corresponding sale date. Two of the three 38 MELBOURNE CLOSE sales were for below the average price, whilst one was 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
2018 31 MAY	£160,000	£170,784	6% below HPI
2013 31 JAN	£107,000	£125,993	15% below HPI
1995 31 AUG	£46,500	£43,309	7% above HPI

38 MELBOURNE CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Nuneaton and Bedworth local authority area over time, sourced from the HPI. The three 38 MELBOURNE CLOSE sales between August 1995 and May 2018 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 2013 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the May 2018 sale, where it rises to 6% below the HPI. The line then continues to track at 6% below the HPI.

What might 38 MELBOURNE CLOSE be worth now?

38 MELBOURNE CLOSE might now be worth an estimated £217,101.

This is based on house price inflation of 35.7%, between May 2018 and December 2024, for semi-detached houses, in the Nuneaton and Bedworth local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 35.7% inflationary increase is applied to the most recent sale price for 38 MELBOURNE CLOSE of £160,000 on 31st May 2018. For the value to have increased from £160,000 to £217,101 over the five years and five months to December 2024, the following assumptions must hold true:

• The value of 38 MELBOURNE CLOSE has moved in line with the HPI for semi-detached houses in the Nuneaton and Bedworth local authority area.
• The May 2018 sale price of £160,000 represented a fair market value for the property.
• The size, condition, and specification of 38 MELBOURNE CLOSE has not materially changed since May 2018.

How Large is 38 MELBOURNE CLOSE?

38 MELBOURNE CLOSE is 55m² according to the EPC inspection conducted in October 2012. This puts it in the smallest 10% of semi-detached houses houses in Nuneaton, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Nuneaton, and where 38 MELBOURNE CLOSE lies on this distribution: 1% of semi-detached houses houses are smaller than 38 MELBOURNE CLOSE, and 99% of houses are larger. Note that EPC data is not available for all properties in Nuneaton.

38 MELBOURNE CLOSE: Plot and Title Map

38 MELBOURNE CLOSE sits on a plot of roughly 0.047 of an acre, or 191m². The below map shows the location of 38 MELBOURNE 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 MELBOURNE 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 MELBOURNE CLOSE?

38 MELBOURNE CLOSE is located in NUNEATON, in the CV11 postcode district. The below map shows the position of No. 38 on MELBOURNE CLOSE.