MELROSE, NORTH STREET, MARTON, RUGBY, CV23 9RJ - £280,000

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 very small extended detached house of 94m², built sometime between 1950 and 1966, which could now be worth an estimated £537,929. It was last sold for £280,000 in November 2012, which was around 13% above the average November 2012 detached price in the Rugby local authority area. The most recent EPC inspection was January 2012, where the current energy rating was D, and the potential energy rating was D.

MELROSE Sold Prices

Land registry data shows three sales for MELROSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Rugby local authority area for the corresponding sale date. Two of the three MELROSE sales were for above the average price, whilst one was 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
2012 30 NOV	£280,000	£248,371	13% above HPI
2006 25 AUG	£257,000	£255,122	1% above HPI
1998 28 AUG	£86,500	£105,717	18% below HPI

MELROSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Rugby local authority area over time, sourced from the HPI. The three MELROSE sales between August 1998 and November 2012 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 August 2006 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the November 2012 sale, where it rises to 13% above the HPI. The line then continues to track at 13% above the HPI.

What might MELROSE be worth now?

MELROSE might now be worth an estimated £537,929.

This is based on house price inflation of 92.1%, between November 2012 and February 2025, for detached houses, in the Rugby local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 92.1% inflationary increase is applied to the most recent sale price for MELROSE of £280,000 on 30th November 2012. For the value to have increased from £280,000 to £537,929 over the thirteen 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 Rugby local authority area.
• The November 2012 sale price of £280,000 represented a fair market value for the property.
• The size, condition, and specification of MELROSE has not materially changed since November 2012.

How Large is MELROSE?

MELROSE is 94m², which includes one extension, according to the EPC inspection conducted in January 2012. This puts it in the smallest 20% of detached houses houses in Marton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Marton, and where MELROSE lies on this distribution: 13% of detached houses houses are smaller than MELROSE, and 87% of houses are larger. Note that EPC data is not available for all properties in Marton.

MELROSE: Plot and Title Map

MELROSE sits on a plot of roughly 0.136 of an acre, or 550m². 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 NORTH STREET in MARTON, in the CV23 postcode district. The below map shows the position of MELROSE on NORTH STREET.