MELROSE, TERRACE ROAD, PINVIN, PERSHORE, WR10 2DW - £370,000

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 large extended detached house of 159m², built sometime between 1967 and 1975, which could now be worth an estimated £424,069. It was last sold for £370,000 in January 2021, which was around 9% below the average January 2021 detached price in the Wychavon local authority area. The most recent EPC inspection was August 2020, 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 Wychavon 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
2021 29 JAN	£370,000	£406,686	9% below HPI
2010 30 APR	£245,000	£285,948	14% below HPI
2005 15 JUL	£245,000	£288,436	15% below HPI
2002 14 FEB	£153,500	£186,825	18% below HPI

MELROSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Wychavon local authority area over time, sourced from the HPI. The four MELROSE sales between February 2002 and January 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 April 2010 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the January 2021 sale, where it rises to 9% below the HPI. The line then continues to track at 9% below the HPI.

What might MELROSE be worth now?

MELROSE might now be worth an estimated £424,069.

This is based on house price inflation of 14.6%, between January 2021 and February 2025, for detached houses, in the Wychavon local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 14.6% inflationary increase is applied to the most recent sale price for MELROSE of £370,000 on 29th January 2021. For the value to have increased from £370,000 to £424,069 over the three years and eleven 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 Wychavon local authority area.
• The January 2021 sale price of £370,000 represented a fair market value for the property.
• The size, condition, and specification of MELROSE has not materially changed since January 2021.

How Large is MELROSE?

MELROSE is 159m², which includes one extension, according to the EPC inspection conducted in August 2020. This puts it in the largest 40% of detached houses houses in Pinvin, based on EPC data. The below chart shows the distribution of detached houses houses by size in Pinvin, and where MELROSE lies on this distribution: 68% of detached houses houses are smaller than MELROSE, and 32% of houses are larger. Note that EPC data is not available for all properties in Pinvin.

MELROSE: Plot and Title Map

MELROSE sits on a plot of roughly 0.108 of an acre, or 438m². 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 TERRACE ROAD in PINVIN, in the WR10 postcode district. The below map shows the position of MELROSE on TERRACE ROAD.