5, MELBOURNE CLOSE, NUNEATON, CV11 4RX - £182,000

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

5 MELBOURNE CLOSE is a very small extended detached house of 86m², built sometime between 1991 and 1995. It was last sold for £182,000 in May 2015, which was around 18% below the average May 2015 detached price in the Nuneaton and Bedworth local authority area. The most recent EPC inspection was July 2012, where the current energy rating was D, and the potential energy rating was B.

5 MELBOURNE CLOSE Sold Prices

Land registry data shows six sales for 5 MELBOURNE CLOSE since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the Nuneaton and Bedworth local authority area for the corresponding sale date. All of the six 5 MELBOURNE 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
2015 8 MAY	£182,000	£220,820	18% below HPI
2012 21 SEP	£169,950	£200,169	15% below HPI
2006 21 APR	£157,995	£202,282	22% below HPI
2001 16 MAR	£86,000	£111,570	23% below HPI
1997 5 SEP	£67,000	£81,421	18% below HPI
1995 30 NOV	£61,000	£72,596	16% below HPI

5 MELBOURNE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Nuneaton and Bedworth local authority area over time, sourced from the HPI. The six 5 MELBOURNE CLOSE sales between November 1995 and May 2015 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 September 2012 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the May 2015 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might 5 MELBOURNE CLOSE be worth now?

5 MELBOURNE CLOSE might now be worth an estimated £301,109.

This is based on house price inflation of 65.4%, between May 2015 and December 2024, for detached houses, in the Nuneaton and Bedworth local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 65.4% inflationary increase is applied to the most recent sale price for 5 MELBOURNE CLOSE of £182,000 on 8th May 2015. For the value to have increased from £182,000 to £301,109 over the eight years and five months to December 2024, the following assumptions must hold true:

• The value of 5 MELBOURNE CLOSE has moved in line with the HPI for detached houses in the Nuneaton and Bedworth local authority area.
• The May 2015 sale price of £182,000 represented a fair market value for the property.
• The size, condition, and specification of 5 MELBOURNE CLOSE has not materially changed since May 2015.

How Large is 5 MELBOURNE CLOSE?

5 MELBOURNE CLOSE is 86m², which includes one extension, according to the EPC inspection conducted in July 2012. This puts it in the smallest 20% of detached houses houses in Nuneaton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Nuneaton, and where 5 MELBOURNE CLOSE lies on this distribution: 19% of detached houses houses are smaller than 5 MELBOURNE CLOSE, and 80% of houses are larger. Note that EPC data is not available for all properties in Nuneaton.

5 MELBOURNE CLOSE: Plot and Title Map

5 MELBOURNE CLOSE sits on a plot of roughly 0.053 of an acre, or 216m². The below map shows the location of 5 MELBOURNE 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 5 MELBOURNE 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 5 MELBOURNE CLOSE?

5 MELBOURNE CLOSE is located in NUNEATON, in the CV11 postcode district. The below map shows the position of No. 5 on MELBOURNE CLOSE.