38, MELBOURNE DRIVE, STONEHOUSE, GL10 2PJ - £210,000

Based on the July 2024 Price Paid Data (released on 29th August 2024), the June 2024 House Price Index (released on 14th August 2024), and the July 2024 Energy Performance of Buildings Data (released on 29th August 2024). Sources

38 MELBOURNE DRIVE is a very small detached house of 63m², built sometime between 1950 and 1966. It was last sold for £210,000 in March 2019, which was around 49% below the average March 2019 detached price in the Stroud local authority area. The most recent EPC inspection was May 2009, where the current energy rating was D, and the potential energy rating was C.

38 MELBOURNE DRIVE Sold Prices

Land registry data shows three sales for 38 MELBOURNE DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Stroud local authority area for the corresponding sale date. All of the three 38 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
2019 29 MAR	£210,000	£413,326	49% below HPI
2008 28 JUL	£178,500	£327,205	45% below HPI
2007 20 APR	£166,000	£325,022	49% below HPI

38 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 three 38 MELBOURNE DRIVE sales between April 2007 and March 2019 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 July 2008 sale was for 45% below the HPI. So the extrapolation line tracks at 45% below the HPI over time, until the March 2019 sale, where it falls to 49% below the HPI. The line then continues to track at 49% below the HPI.

How Large is 38 MELBOURNE DRIVE?

38 MELBOURNE DRIVE is 63m² according to the EPC inspection conducted in May 2009. This puts it in the smallest 10% of detached houses in Stonehouse, based on EPC data. The below chart shows the distribution of detached houses by size in Stonehouse, and where 38 MELBOURNE DRIVE lies on this distribution: 4% of detached houses are smaller than 38 MELBOURNE DRIVE, and 96% of houses are larger. Note that EPC data is not available for all properties in Stonehouse.

38 MELBOURNE DRIVE: Plot and Title Map

38 MELBOURNE DRIVE sits on a plot of roughly 0.074 of an acre, or 298m². The below map shows the location of 38 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 38 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 38 MELBOURNE DRIVE?

38 MELBOURNE DRIVE is located in STONEHOUSE, in the GL10 postcode district. The below map shows the position of No. 38 on MELBOURNE DRIVE.