62, MELIA DRIVE, WEDNESBURY, WS10 0QE - £230,000

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

62 MELIA DRIVE is a large extended detached house of 110m², built sometime between 2003 and 2006. It was last sold for £230,000 in February 2019, which was around 7% below the average February 2019 detached price in the Sandwell local authority area. The most recent EPC inspection was June 2016, where the current energy rating was C, and the potential energy rating was B.

62 MELIA DRIVE Sold Prices

Land registry data shows two sales for 62 MELIA DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Sandwell local authority area for the corresponding sale date. One of the two 62 MELIA DRIVE sales was for below the average price, whilst the other 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
2019 5 FEB	£230,000	£247,250	7% below HPI
2009 8 DEC	£194,000	£176,954	10% above HPI

62 MELIA DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Sandwell local authority area over time, sourced from the HPI. The two 62 MELIA DRIVE sales from December 2009 and February 2019 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 2009 sale was for 10% above the HPI. So the extrapolation line tracks at 10% above the HPI over time, until the February 2019 sale, where it falls to 7% below the HPI. The line then continues to track at 7% below the HPI.

How Large is 62 MELIA DRIVE?

62 MELIA DRIVE is 110m², which includes one extension, according to the EPC inspection conducted in June 2016. This puts it in the largest 40% of detached houses in Wednesbury, based on EPC data. The below chart shows the distribution of detached houses by size in Wednesbury, and where 62 MELIA DRIVE lies on this distribution: 65% of detached houses are smaller than 62 MELIA DRIVE, and 34% of houses are larger. Note that EPC data is not available for all properties in Wednesbury.

62 MELIA DRIVE: Plot and Title Map

62 MELIA DRIVE sits on a plot of roughly 0.072 of an acre, or 291m². The below map shows the location of 62 MELIA DRIVE, 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 62 MELIA DRIVE). 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 62 MELIA DRIVE?

62 MELIA DRIVE is located in WEDNESBURY, in the WS10 postcode district. The below map shows the position of No. 62 on MELIA DRIVE.