393, THE SPA, MELKSHAM, SN12 6QL - £810,000

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

393 THE SPA is a very large extended detached house of 245m², built sometime between 1930 and 1949, which could now be worth an estimated £825,263. It was last sold for £810,000 in August 2024, which was around 59% above the average August 2024 detached price in the Wiltshire local authority area. The most recent EPC inspection was July 2023, where the current energy rating was D, and the potential energy rating was C.

393 THE SPA Sold Prices

Land registry data shows four sales for 393 THE SPA since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Wiltshire local authority area for the corresponding sale date. All of the four 393 THE SPA 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
2024 15 AUG	£810,000	£510,106	59% above HPI
2010 5 NOV	£475,000	£330,274	44% above HPI
2007 7 SEP	£494,000	£346,850	42% above HPI
2002 4 OCT	£294,500	£246,897	19% above HPI

393 THE SPA Price Paid vs. HPI Average

The below graph shows the average detached house price in the Wiltshire local authority area over time, sourced from the HPI. The four 393 THE SPA sales between October 2002 and August 2024 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 November 2010 sale was for 44% above the HPI. So the extrapolation line tracks at 44% above the HPI over time, until the August 2024 sale, where it rises to 59% above the HPI. The line then continues to track at 59% above the HPI.

What might 393 THE SPA be worth now?

393 THE SPA might now be worth an estimated £825,263.

This is based on house price inflation of 1.9%, between August 2024 and December 2024, for detached houses, in the Wiltshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 1.9% inflationary increase is applied to the most recent sale price for 393 THE SPA of £810,000 on 15th August 2024. For the value to have increased from £810,000 to £825,263 over the eight months to December 2024, the following assumptions must hold true:

• The value of 393 THE SPA has moved in line with the HPI for detached houses in the Wiltshire local authority area.
• The August 2024 sale price of £810,000 represented a fair market value for the property.
• The size, condition, and specification of 393 THE SPA has not materially changed since August 2024.

How Large is 393 THE SPA?

393 THE SPA is 245m², which includes four extensions, according to the EPC inspection conducted in July 2023. This puts it in the largest 10% of detached houses houses in Melksham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Melksham, and where 393 THE SPA lies on this distribution: More than 99% of detached houses houses are smaller than 393 THE SPA, and less than 1% of houses are larger. Note that EPC data is not available for all properties in Melksham.

393 THE SPA: Plot and Title Map

393 THE SPA sits on a plot of roughly 0.428 of an acre, or 1,732m². The below map shows the location of 393 THE SPA, 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 393 THE SPA). 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 393 THE SPA?

393 THE SPA is located in MELKSHAM, in the SN12 postcode district. The below map shows the position of No. 393 on THE SPA.