MELROSE, PLAISTOW ROAD, LOXWOOD, BILLINGSHURST, RH14 0TU - £987,500

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 large detached house of 269m², which could now be worth an estimated £1,046,488. It was last sold for £987,500 in December 2021, which was around 46% above the average December 2021 detached price in the Chichester local authority area. The most recent EPC inspection was June 2017, where the current energy rating was C, and the potential energy rating was B.

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 Chichester local authority area for the corresponding sale date. Most 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
2021 23 DEC	£987,500	£676,377	46% above HPI
2007 3 DEC	£385,000	£434,137	11% below HPI
2005 6 DEC	£305,000	£365,212	16% below HPI
1995 10 MAR	£85,000	£130,942	35% below HPI

MELROSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Chichester local authority area over time, sourced from the HPI. The four MELROSE sales between March 1995 and December 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 December 2007 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the December 2021 sale, where it rises to 46% above the HPI. The line then continues to track at 46% above the HPI.

What might MELROSE be worth now?

MELROSE might now be worth an estimated £1,046,488.

This is based on house price inflation of 6%, between December 2021 and February 2025, for detached houses, in the Chichester local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 6% inflationary increase is applied to the most recent sale price for MELROSE of £987,500 on 23rd December 2021. For the value to have increased from £987,500 to £1,046,488 over the four years and ten 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 Chichester local authority area.
• The December 2021 sale price of £987,500 represented a fair market value for the property.
• The size, condition, and specification of MELROSE has not materially changed since December 2021.

How Large is MELROSE?

MELROSE is 269m² according to the EPC inspection conducted in June 2017. This puts it in the largest 10% of detached houses houses in Ifold, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ifold, and where MELROSE lies on this distribution: 91% of detached houses houses are smaller than MELROSE, and 9% of houses are larger. Note that EPC data is not available for all properties in Ifold.

MELROSE: Plot and Title Map

MELROSE sits on a plot of roughly 0.311 of an acre, or 1,259m². 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 PLAISTOW ROAD in LOXWOOD, in the RH14 postcode district. The below map shows the position of MELROSE on PLAISTOW ROAD.