40, MELTHAM CLOSE, STOCKPORT, SK4 3BD - £68,500

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 MELTHAM CLOSE is a small detached house of 92m², built sometime between 1950 and 1966. It was last sold for £68,500 in October 1998, which was around 41% below the average October 1998 detached price in the Stockport local authority area. The most recent EPC inspection was November 2014, where the current energy rating was D, and the potential energy rating was B.

40 MELTHAM CLOSE Sold Prices

Land registry data shows two sales for 40 MELTHAM CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Stockport local authority area for the corresponding sale date. Both of the two 40 MELTHAM CLOSE 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
1998 9 OCT	£68,500	£115,461	41% below HPI
1996 10 MAY	£62,950	£97,273	35% below HPI

40 MELTHAM CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Stockport local authority area over time, sourced from the HPI. The two 40 MELTHAM CLOSE sales from May 1996 and October 1998 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 May 1996 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the October 1998 sale, where it falls to 41% below the HPI. The line then continues to track at 41% below the HPI.

What might 40 MELTHAM CLOSE be worth now?

40 MELTHAM CLOSE might now be worth an estimated £315,416.

This is based on house price inflation of 360.5%, between October 1998 and December 2024, for detached houses, in the Stockport local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 360.5% inflationary increase is applied to the most recent sale price for 40 MELTHAM CLOSE of £68,500 on 9th October 1998. For the value to have increased from £68,500 to £315,416 over the 25 years and ten months to December 2024, the following assumptions must hold true:

• The value of 40 MELTHAM CLOSE has moved in line with the HPI for detached houses in the Stockport local authority area.
• The October 1998 sale price of £68,500 represented a fair market value for the property.
• The size, condition, and specification of 40 MELTHAM CLOSE has not materially changed since October 1998.

How Large is 40 MELTHAM CLOSE?

40 MELTHAM CLOSE is 92m² according to the EPC inspection conducted in November 2014. This puts it in the smallest 30% of detached houses houses in Stockport, based on EPC data. The below chart shows the distribution of detached houses houses by size in Stockport, and where 40 MELTHAM CLOSE lies on this distribution: 30% of detached houses houses are smaller than 40 MELTHAM CLOSE, and 69% of houses are larger. Note that EPC data is not available for all properties in Stockport.

40 MELTHAM CLOSE: Plot and Title Map

40 MELTHAM CLOSE sits on a plot of roughly 0.038 of an acre, or 152m². The below map shows the location of 40 MELTHAM CLOSE, 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 MELTHAM CLOSE). 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 MELTHAM CLOSE?

40 MELTHAM CLOSE is located in STOCKPORT, in the SK4 postcode district. The below map shows the position of No. 40 on MELTHAM CLOSE.