397, THE SPA, MELKSHAM, SN12 6QL - £575,000

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

397 THE SPA is a very large extended semi-detached house of 141m², built sometime between 1930 and 1949, which could now be worth an estimated £592,416. It was last sold for £575,000 in December 2022, which was around 80% above the average December 2022 semi-detached price in the Wiltshire local authority area. The most recent EPC inspection was March 2017, where the current energy rating was B, and the potential energy rating was B.

397 THE SPA Sold Prices

Land registry data shows three sales for 397 THE SPA 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 Wiltshire local authority area for the corresponding sale date. All of the three 397 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
2022 2 DEC	£575,000	£319,194	80% above HPI
2017 18 AUG	£400,000	£264,622	51% above HPI
2000 28 APR	£149,450	£98,467	52% above HPI

397 THE SPA Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Wiltshire local authority area over time, sourced from the HPI. The three 397 THE SPA sales between April 2000 and December 2022 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 August 2017 sale was for 51% above the HPI. So the extrapolation line tracks at 51% above the HPI over time, until the December 2022 sale, where it rises to 80% above the HPI. The line then continues to track at 80% above the HPI.

What might 397 THE SPA be worth now?

397 THE SPA might now be worth an estimated £592,416.

This is based on house price inflation of 3%, between December 2022 and February 2025, for semi-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 3% inflationary increase is applied to the most recent sale price for 397 THE SPA of £575,000 on 2nd December 2022. For the value to have increased from £575,000 to £592,416 over the three years and ten months to February 2025, the following assumptions must hold true:

• The value of 397 THE SPA has moved in line with the HPI for semi-detached houses in the Wiltshire local authority area.
• The December 2022 sale price of £575,000 represented a fair market value for the property.
• The size, condition, and specification of 397 THE SPA has not materially changed since December 2022.

How Large is 397 THE SPA?

397 THE SPA is 141m², which includes one extension, according to the EPC inspection conducted in March 2017. This puts it in the largest 20% of semi-detached houses houses in Melksham, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Melksham, and where 397 THE SPA lies on this distribution: 80% of semi-detached houses houses are smaller than 397 THE SPA, and 19% of houses are larger. Note that EPC data is not available for all properties in Melksham.

397 THE SPA: Plot and Title Map

397 THE SPA sits on a plot of roughly 0.259 of an acre, or 1,050m². The below map shows the location of 397 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 397 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 397 THE SPA?

397 THE SPA is located in MELKSHAM, in the SN12 postcode district. The below map shows the position of No. 397 on THE SPA.