48, MELVIN WAY, HISTON, CAMBRIDGE, CB24 9HY - £700,000

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

48 MELVIN WAY is a large extended detached house of 152m², built sometime between 1983 and 1990. It was last sold for £700,000 in September 2022, which was around 18% above the average September 2022 detached price in the South Cambridgeshire local authority area. The most recent EPC inspection was March 2022, where the current energy rating was D, and the potential energy rating was C.

48 MELVIN WAY Sold Prices

Land registry data shows three sales for 48 MELVIN WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the South Cambridgeshire local authority area for the corresponding sale date. All of the three 48 MELVIN WAY 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 SEP	£700,000	£595,192	18% above HPI
2010 16 DEC	£340,000	£335,833	1% above HPI
1996 10 DEC	£115,000	£111,406	3% above HPI

48 MELVIN WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Cambridgeshire local authority area over time, sourced from the HPI. The three 48 MELVIN WAY sales between December 1996 and September 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 December 2010 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the September 2022 sale, where it rises to 18% above the HPI. The line then continues to track at 18% above the HPI.

How Large is 48 MELVIN WAY?

48 MELVIN WAY is 152m², which includes two extensions, according to the EPC inspection conducted in March 2022. This puts it in the largest 30% of detached houses in Histon, based on EPC data. The below chart shows the distribution of detached houses by size in Histon, and where 48 MELVIN WAY lies on this distribution: 73% of detached houses are smaller than 48 MELVIN WAY, and 27% of houses are larger. Note that EPC data is not available for all properties in Histon.

48 MELVIN WAY: Plot and Title Map

48 MELVIN WAY sits on a plot of roughly 0.077 of an acre, or 311m². The below map shows the location of 48 MELVIN WAY, 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 48 MELVIN WAY). 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 48 MELVIN WAY?

48 MELVIN WAY is located in HISTON, in the CB24 postcode district. The below map shows the position of No. 48 on MELVIN WAY.