MELBURY COTTAGE, HERBERT ROAD, SALCOMBE, TQ8 8HN - £315,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

MELBURY COTTAGE is a very small detached house of 40m², built sometime between 1900 and 1929. It was last sold for £315,000 in July 2011, which was around 14% below the average July 2011 detached price in the South Hams local authority area. The most recent EPC inspection was June 2010, where the current energy rating was E, and the potential energy rating was D.

MELBURY COTTAGE Sold Prices

Land registry data shows two sales for MELBURY COTTAGE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Hams local authority area for the corresponding sale date. Both of the two MELBURY COTTAGE 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
2011 21 JUL	£315,000	£367,288	14% below HPI
1997 30 MAY	£85,500	£109,469	22% below HPI

MELBURY COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Hams local authority area over time, sourced from the HPI. The two MELBURY COTTAGE sales from May 1997 and July 2011 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 May 1997 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the July 2011 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

How Large is MELBURY COTTAGE?

MELBURY COTTAGE is 40m² according to the EPC inspection conducted in June 2010. This puts it in the smallest 10% of detached houses in Salcombe, based on EPC data. The below chart shows the distribution of detached houses by size in Salcombe, and where MELBURY COTTAGE lies on this distribution: Less than 1% of detached houses are smaller than MELBURY COTTAGE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Salcombe.

MELBURY COTTAGE: Plot and Title Map

MELBURY COTTAGE sits on a plot of roughly 0.041 of an acre, or 165m². The below map shows the location of MELBURY COTTAGE, 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 MELBURY COTTAGE). 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 MELBURY COTTAGE?

MELBURY COTTAGE is located on HERBERT ROAD in SALCOMBE, in the TQ8 postcode district. The below map shows the position of MELBURY COTTAGE on HERBERT ROAD.