56, MELROSE AVENUE, STOURBRIDGE, DY8 2LE - £445,050

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

56 MELROSE AVENUE is a large extended detached house of 132m², built sometime between 1983 and 1990. It was last sold for £445,050 in January 2018, which was around 78% above the average January 2018 detached price in the Dudley local authority area. The most recent EPC inspection was August 2017, where the current energy rating was C, and the potential energy rating was C.

56 MELROSE AVENUE Sold Prices

Land registry data shows three sales for 56 MELROSE AVENUE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Dudley local authority area for the corresponding sale date. All of the three 56 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
2018 26 JAN	£445,050	£249,412	78% above HPI
2012 27 JAN	£290,000	£192,446	51% above HPI
2002 8 NOV	£270,000	£147,449	83% above HPI

56 MELROSE AVENUE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Dudley local authority area over time, sourced from the HPI. The three 56 MELROSE AVENUE sales between November 2002 and January 2018 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 2012 sale was for 51% above the HPI. So the extrapolation line tracks at 51% above the HPI over time, until the January 2018 sale, where it rises to 78% above the HPI. The line then continues to track at 78% above the HPI.

How Large is 56 MELROSE AVENUE?

56 MELROSE AVENUE is 132m², which includes one extension, according to the EPC inspection conducted in August 2017. This puts it in the largest 40% of detached houses in Stourbridge, based on EPC data. The below chart shows the distribution of detached houses by size in Stourbridge, and where 56 MELROSE AVENUE lies on this distribution: 65% of detached houses are smaller than 56 MELROSE AVENUE, and 34% of houses are larger. Note that EPC data is not available for all properties in Stourbridge.

56 MELROSE AVENUE: Plot and Title Map

56 MELROSE AVENUE sits on a plot of roughly 0.106 of an acre, or 430m². The below map shows the location of 56 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 56 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 56 MELROSE AVENUE?

56 MELROSE AVENUE is located in STOURBRIDGE, in the DY8 postcode district. The below map shows the position of No. 56 on MELROSE AVENUE.