MELROSE, DORKING ROAD, GOMSHALL, GUILDFORD, GU5 9NY - £669,820

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.

MELROSE is a small detached house of 113m², built sometime between 1930 and 1949, which could now be worth an estimated £771,012. It was last sold for £669,820 in November 2018, which was around 18% below the average November 2018 detached price in the Guildford local authority area. The most recent EPC inspection was February 2016, where the current energy rating was D, and the potential energy rating was A.

MELROSE Sold Prices

Land registry data shows two sales for MELROSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Guildford local authority area for the corresponding sale date. Both of the two MELROSE 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 9 NOV	£669,820	£814,989	18% below HPI
2016 9 SEP	£650,000	£811,409	20% below HPI

MELROSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Guildford local authority area over time, sourced from the HPI. The two MELROSE sales from September 2016 and November 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 September 2016 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the November 2018 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might MELROSE be worth now?

MELROSE might now be worth an estimated £771,012.

This is based on house price inflation of 15.1%, between November 2018 and February 2025, for detached houses, in the Guildford local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 15.1% inflationary increase is applied to the most recent sale price for MELROSE of £669,820 on 9th November 2018. For the value to have increased from £669,820 to £771,012 over the seven years and nine months to February 2025, the following assumptions must hold true:

• The value of MELROSE has moved in line with the HPI for detached houses in the Guildford local authority area.
• The November 2018 sale price of £669,820 represented a fair market value for the property.
• The size, condition, and specification of MELROSE has not materially changed since November 2018.

How Large is MELROSE?

MELROSE is 113m² according to the EPC inspection conducted in February 2016. This puts it in the smallest 30% of detached houses houses in Gomshall, based on EPC data. The below chart shows the distribution of detached houses houses by size in Gomshall, and where MELROSE lies on this distribution: 21% of detached houses houses are smaller than MELROSE, and 77% of houses are larger. Note that EPC data is not available for all properties in Gomshall.

MELROSE: Plot and Title Map

MELROSE sits on a plot of roughly 0.180 of an acre, or 729m². The below map shows the location of MELROSE, 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 MELROSE). 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 MELROSE?

MELROSE is located on DORKING ROAD in GOMSHALL, in the GU5 postcode district. The below map shows the position of MELROSE on DORKING ROAD.