406C, THE SPA, MELKSHAM, SN12 6QL - £385,000

Based on the July 2024 Price Paid Data (released on 29th August 2024), the June 2024 House Price Index (released on 14th August 2024), and the July 2024 Energy Performance of Buildings Data (released on 29th August 2024). Sources

406C THE SPA is a very small semi-detached house of 77m², built in 2023. It was last sold for £385,000 in June 2023, which was around 22% below the average June 2023 detached price in the Wiltshire local authority area. The most recent EPC inspection was April 2023, where the current energy rating was C, and the potential energy rating was B.

406C THE SPA Sold Prices

Land registry data shows three sales for 406C THE SPA since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Wiltshire local authority area for the corresponding sale date. Two of the three 406C THE SPA sales were for below the average price, whilst one was 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
2023 2 JUN	£385,000	£491,798	22% below HPI
2017 14 AUG	£352,000	£415,876	15% below HPI
1999 2 JUL	£150,000	£142,899	5% above HPI

406C 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 three 406C THE SPA sales between July 1999 and June 2023 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 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the June 2023 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is 406C THE SPA?

406C THE SPA is 77m² according to the EPC inspection conducted in April 2023. This puts it in the smallest 10% of detached houses in Melksham, based on EPC data. The below chart shows the distribution of detached houses by size in Melksham, and where 406C THE SPA lies on this distribution: 8% of detached houses are smaller than 406C THE SPA, and 92% of houses are larger. Note that EPC data is not available for all properties in Melksham.

406C THE SPA: Plot and Title Map

406C THE SPA sits on a plot of roughly 0.332 of an acre, or 1,342m². The below map shows the location of 406C 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 406C 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 406C THE SPA?

406C THE SPA is located in MELKSHAM, in the SN12 postcode district. The below map shows the position of No. 406C on THE SPA.