THE CHIMES, MORTLOCK STREET, MELBOURN, ROYSTON, SG8 6DB - £340,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

THE CHIMES is a very small detached house of 63m², built sometime between 1950 and 1966. It was last sold for £340,000 in November 2017, which was around 35% below the average November 2017 detached price in the South Cambridgeshire local authority area. The most recent EPC inspection was June 2016, where the current energy rating was D, and the potential energy rating was B.

THE CHIMES Sold Prices

Land registry data shows two sales for THE CHIMES since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Cambridgeshire local authority area for the corresponding sale date. Both of the two THE CHIMES 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
2017 10 NOV	£340,000	£519,907	35% below HPI
1997 9 MAY	£69,000	£116,344	41% below HPI

THE CHIMES Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Cambridgeshire local authority area over time, sourced from the HPI. The two THE CHIMES sales from May 1997 and November 2017 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 May 1997 sale was for 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the November 2017 sale, where it rises to 35% below the HPI. The line then continues to track at 35% below the HPI.

How Large is THE CHIMES?

THE CHIMES is 63m² according to the EPC inspection conducted in June 2016. This puts it in the smallest 10% of detached houses in Melbourn, based on EPC data. The below chart shows the distribution of detached houses by size in Melbourn, and where THE CHIMES lies on this distribution: 3% of detached houses are smaller than THE CHIMES, and 97% of houses are larger. Note that EPC data is not available for all properties in Melbourn.

THE CHIMES: Plot and Title Map

THE CHIMES sits on a plot of roughly 0.103 of an acre, or 419m². The below map shows the location of THE CHIMES, 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 THE CHIMES). 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 THE CHIMES?

THE CHIMES is located on MORTLOCK STREET in MELBOURN, in the SG8 postcode district. The below map shows the position of THE CHIMES on MORTLOCK STREET.