40, BASIL DRIVE, MELKSHAM, SN12 6LT - £457,000

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

40 BASIL DRIVE is a midsized detached house of 122m², built in 2019. It was last sold for £457,000 in October 2024, which was around 13% below the average October 2024 detached price in the Wiltshire local authority area. The most recent EPC inspection was January 2023, where the current energy rating was B, and the potential energy rating was A.

40 BASIL DRIVE Sold Prices

Land registry data shows two sales for 40 BASIL DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Wiltshire local authority area for the corresponding sale date. Both of the two 40 BASIL 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
2024 31 OCT	£457,000	£525,358	13% below HPI
2023 17 FEB	£443,000	£520,522	15% below HPI

40 BASIL DRIVE 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 two 40 BASIL DRIVE sales from February 2023 and October 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 February 2023 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the October 2024 sale, where it rises to 13% below the HPI. The line then continues to track at 13% below the HPI.

What might 40 BASIL DRIVE be worth now?

40 BASIL DRIVE might now be worth an estimated £452,094.

This is based on house price deflation of 1.1%, between October 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 1.1% deflationary decrease is applied to the most recent sale price for 40 BASIL DRIVE of £457,000 on 31st October 2024. For the value to have decreased from £457,000 to £452,094 over the ten months to December 2024, the following assumptions must hold true:

• The value of 40 BASIL DRIVE has moved in line with the HPI for detached houses in the Wiltshire local authority area.
• The October 2024 sale price of £457,000 represented a fair market value for the property.
• The size, condition, and specification of 40 BASIL DRIVE has not materially changed since October 2024.

How Large is 40 BASIL DRIVE?

40 BASIL DRIVE is 122m² according to the EPC inspection conducted in January 2023. This puts it in the largest 40% 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 40 BASIL DRIVE lies on this distribution: 56% of detached houses houses are smaller than 40 BASIL DRIVE, and 40% of houses are larger. Note that EPC data is not available for all properties in Melksham.

40 BASIL DRIVE: Plot and Title Map

40 BASIL DRIVE sits on a plot of roughly 3.5 acres, or 14,321m². The below map shows the location of 40 BASIL 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 40 BASIL 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 40 BASIL DRIVE?

40 BASIL DRIVE is located in MELKSHAM, in the SN12 postcode district. The below map shows the position of No. 40 on BASIL DRIVE.