69, SPEEDWELL CLOSE, MELKSHAM, SN12 7TE - £425,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

69 SPEEDWELL CLOSE is a large detached house of 131m², built sometime between 1996 and 2002, which could now be worth an estimated £500,579. It was last sold for £425,000 in October 2018, which was around 4% below the average October 2018 detached price in the Wiltshire local authority area. The most recent EPC inspection was July 2018, where the current energy rating was D, and the potential energy rating was B.

69 SPEEDWELL CLOSE Sold Prices

Land registry data shows four sales for 69 SPEEDWELL CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Wiltshire local authority area for the corresponding sale date. Most of the four 69 SPEEDWELL 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
2018 3 OCT	£425,000	£441,300	4% below HPI
2005 9 DEC	£294,950	£298,200	1% below HPI
1999 16 AUG	£140,000	£152,166	8% below HPI
1996 19 DEC	£117,000	£110,063	6% above HPI

69 SPEEDWELL CLOSE 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 four 69 SPEEDWELL CLOSE sales between December 1996 and October 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 December 2005 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the October 2018 sale, where it falls to 4% below the HPI. The line then continues to track at 4% below the HPI.

What might 69 SPEEDWELL CLOSE be worth now?

69 SPEEDWELL CLOSE might now be worth an estimated £500,579.

This is based on house price inflation of 17.8%, between October 2018 and February 2025, for detached houses, in the Wiltshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 17.8% inflationary increase is applied to the most recent sale price for 69 SPEEDWELL CLOSE of £425,000 on 3rd October 2018. For the value to have increased from £425,000 to £500,579 over the seven years and eight months to February 2025, the following assumptions must hold true:

• The value of 69 SPEEDWELL CLOSE has moved in line with the HPI for detached houses in the Wiltshire local authority area.
• The October 2018 sale price of £425,000 represented a fair market value for the property.
• The size, condition, and specification of 69 SPEEDWELL CLOSE has not materially changed since October 2018.

How Large is 69 SPEEDWELL CLOSE?

69 SPEEDWELL CLOSE is 131m² according to the EPC inspection conducted in July 2018. This puts it in the largest 30% of detached houses houses in Melksham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Melksham, and where 69 SPEEDWELL CLOSE lies on this distribution: 70% of detached houses houses are smaller than 69 SPEEDWELL CLOSE, and 29% of houses are larger. Note that EPC data is not available for all properties in Melksham.

69 SPEEDWELL CLOSE: Plot and Title Map

69 SPEEDWELL CLOSE sits on a plot of roughly 0.133 of an acre, or 538m². The below map shows the location of 69 SPEEDWELL 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 69 SPEEDWELL 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 69 SPEEDWELL CLOSE?

69 SPEEDWELL CLOSE is located in MELKSHAM, in the SN12 postcode district. The below map shows the position of No. 69 on SPEEDWELL CLOSE.