40, MELROSE AVENUE, NEWCASTLE, ST5 3PE - £277,500

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

40 MELROSE AVENUE is a very large extended semi-detached house of 183m², built sometime between 1930 and 1949. It was last sold for £277,500 in January 2014, which was around 48% above the average January 2014 detached price in the Newcastle-under-Lyme local authority area. The most recent EPC inspection was August 2013, where the current energy rating was D, and the potential energy rating was C.

40 MELROSE AVENUE Sold Prices

Land registry data shows two sales for 40 MELROSE AVENUE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Newcastle-under-Lyme local authority area for the corresponding sale date. Both of the two 40 MELROSE AVENUE 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
2014 24 JAN	£277,500	£188,066	48% above HPI
2010 15 JAN	£225,000	£179,673	25% above HPI

40 MELROSE AVENUE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Newcastle-under-Lyme local authority area over time, sourced from the HPI. The two 40 MELROSE AVENUE sales from January 2010 and January 2014 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 2010 sale was for 25% above the HPI. So the extrapolation line tracks at 25% above the HPI over time, until the January 2014 sale, where it rises to 48% above the HPI. The line then continues to track at 48% above the HPI.

How Large is 40 MELROSE AVENUE?

40 MELROSE AVENUE is 183m², which includes three extensions, according to the EPC inspection conducted in August 2013. This puts it in the largest 10% of detached houses in Newcastle-under-Lyme, based on EPC data. The below chart shows the distribution of detached houses by size in Newcastle-under-Lyme, and where 40 MELROSE AVENUE lies on this distribution: 93% of detached houses are smaller than 40 MELROSE AVENUE, and 7% of houses are larger. Note that EPC data is not available for all properties in Newcastle-under-Lyme.

40 MELROSE AVENUE: Plot and Title Map

40 MELROSE AVENUE sits on a plot of roughly 0.137 of an acre, or 554m². The below map shows the location of 40 MELROSE AVENUE, 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 MELROSE AVENUE). 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 MELROSE AVENUE?

40 MELROSE AVENUE is located in NEWCASTLE, in the ST5 postcode district. The below map shows the position of No. 40 on MELROSE AVENUE.