MELROSE, FRIARS MOOR, STURMINSTER NEWTON, DT10 1BH - £325,000

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.

MELROSE is a small detached house of 90m², built sometime between 1996 and 2002, which could now be worth an estimated £393,349. It was last sold for £325,000 in April 2018, which was around 26% below the average April 2018 detached price in the Dorset local authority area. The most recent EPC inspection was May 2012, where the current energy rating was D, and the potential energy rating was C.

MELROSE Sold Prices

Land registry data shows four sales for MELROSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Dorset local authority area for the corresponding sale date. All of the four 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 6 APR	£325,000	£436,610	26% below HPI
2013 28 NOV	£245,000	£346,823	29% below HPI
1999 16 FEB	£97,500	£130,309	25% below HPI
1996 7 NOV	£54,800	£102,686	47% below HPI

MELROSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Dorset local authority area over time, sourced from the HPI. The four MELROSE sales between November 1996 and April 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 November 2013 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the April 2018 sale, where it rises to 26% below the HPI. The line then continues to track at 26% below the HPI.

What might MELROSE be worth now?

MELROSE might now be worth an estimated £393,349.

This is based on house price inflation of 21%, between April 2018 and February 2025, for detached houses, in the Dorset local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 21% inflationary increase is applied to the most recent sale price for MELROSE of £325,000 on 6th April 2018. For the value to have increased from £325,000 to £393,349 over the seven years and two 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 Dorset local authority area.
• The April 2018 sale price of £325,000 represented a fair market value for the property.
• The size, condition, and specification of MELROSE has not materially changed since April 2018.

How Large is MELROSE?

MELROSE is 90m² according to the EPC inspection conducted in May 2012. This puts it in the smallest 40% of detached houses houses in Sturminster Newton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Sturminster Newton, and where MELROSE lies on this distribution: 31% of detached houses houses are smaller than MELROSE, and 67% of houses are larger. Note that EPC data is not available for all properties in Sturminster Newton.

MELROSE: Plot and Title Map

MELROSE sits on a plot of roughly 0.109 of an acre, or 442m². 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 FRIARS MOOR in STURMINSTER NEWTON, in the DT10 postcode district. The below map shows the position of MELROSE on FRIARS MOOR.