78, MELROSE AVENUE, STOURBRIDGE, DY8 2LE - £540,000

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.

78 MELROSE AVENUE is a midsized extended detached house of 122m², built sometime between 1983 and 1990, which could now be worth an estimated £617,669. It was last sold for £540,000 in September 2021, which was around 77% above the average September 2021 detached price in the Dudley local authority area. The most recent EPC inspection was February 2012, where the current energy rating was D, and the potential energy rating was C.

78 MELROSE AVENUE Sold Prices

Land registry data shows four sales for 78 MELROSE AVENUE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Dudley local authority area for the corresponding sale date. All of the four 78 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
2021 30 SEP	£540,000	£304,642	77% above HPI
2014 31 JAN	£350,000	£196,588	78% above HPI
2001 2 NOV	£235,000	£114,258	106% above HPI
1997 24 JAN	£148,000	£75,934	95% above HPI

78 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 four 78 MELROSE AVENUE sales between January 1997 and September 2021 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 2014 sale was for 78% above the HPI. So the extrapolation line tracks at 78% above the HPI over time, until the September 2021 sale, where it falls to 77% above the HPI. The line then continues to track at 77% above the HPI.

What might 78 MELROSE AVENUE be worth now?

78 MELROSE AVENUE might now be worth an estimated £617,669.

This is based on house price inflation of 14.4%, between September 2021 and February 2025, for detached houses, in the Dudley local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 14.4% inflationary increase is applied to the most recent sale price for 78 MELROSE AVENUE of £540,000 on 30th September 2021. For the value to have increased from £540,000 to £617,669 over the four years and seven months to February 2025, the following assumptions must hold true:

• The value of 78 MELROSE AVENUE has moved in line with the HPI for detached houses in the Dudley local authority area.
• The September 2021 sale price of £540,000 represented a fair market value for the property.
• The size, condition, and specification of 78 MELROSE AVENUE has not materially changed since September 2021.

How Large is 78 MELROSE AVENUE?

78 MELROSE AVENUE is 122m², which includes one extension, according to the EPC inspection conducted in February 2012. This puts it in the largest 50% of detached houses houses in Stourbridge, based on EPC data. The below chart shows the distribution of detached houses houses by size in Stourbridge, and where 78 MELROSE AVENUE lies on this distribution: 57% of detached houses houses are smaller than 78 MELROSE AVENUE, and 42% of houses are larger. Note that EPC data is not available for all properties in Stourbridge.

78 MELROSE AVENUE: Plot and Title Map

78 MELROSE AVENUE sits on a plot of roughly 0.087 of an acre, or 354m². The below map shows the location of 78 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 78 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 78 MELROSE AVENUE?

78 MELROSE AVENUE is located in STOURBRIDGE, in the DY8 postcode district. The below map shows the position of No. 78 on MELROSE AVENUE.