THE MELROSE, DOWSDALE BANK, SHEPEAU STOW, SPALDING, PE12 0TZ - £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.

THE MELROSE is a very small detached house of 100m², built sometime between 1950 and 1966, which could now be worth an estimated £434,437. It was last sold for £370,000 in September 2018, which was around 56% above the average September 2018 detached price in the South Holland local authority area. The most recent EPC inspection was December 2010, where the current energy rating was F, and the potential energy rating was E.

THE MELROSE Sold Prices

Land registry data shows two sales for THE MELROSE 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 Holland local authority area for the corresponding sale date. Both of the two THE MELROSE sales were for above 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 7 SEP	£370,000	£236,918	56% above HPI
2011 5 MAY	£237,500	£164,336	45% above HPI

THE MELROSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Holland local authority area over time, sourced from the HPI. The two THE MELROSE sales from May 2011 and September 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 May 2011 sale was for 45% above the HPI. So the extrapolation line tracks at 45% above the HPI over time, until the September 2018 sale, where it rises to 56% above the HPI. The line then continues to track at 56% above the HPI.

What might THE MELROSE be worth now?

THE MELROSE might now be worth an estimated £434,437.

This is based on house price inflation of 17.4%, between September 2018 and February 2025, for detached houses, in the South Holland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 17.4% inflationary increase is applied to the most recent sale price for THE MELROSE of £370,000 on 7th September 2018. For the value to have increased from £370,000 to £434,437 over the seven years and seven months to February 2025, the following assumptions must hold true:

• The value of THE MELROSE has moved in line with the HPI for detached houses in the South Holland local authority area.
• The September 2018 sale price of £370,000 represented a fair market value for the property.
• The size, condition, and specification of THE MELROSE has not materially changed since September 2018.

How Large is THE MELROSE?

THE MELROSE is 100m² according to the EPC inspection conducted in December 2010. This puts it in the smallest 20% of detached houses houses in Shepeau Stow, based on EPC data. The below chart shows the distribution of detached houses houses by size in Shepeau Stow, and where THE MELROSE lies on this distribution: 17% of detached houses houses are smaller than THE MELROSE, and 83% of houses are larger. Note that EPC data is not available for all properties in Shepeau Stow.

THE MELROSE: Plot and Title Map

THE MELROSE sits on a plot of roughly 1.9 acres, or 7,643m². The below map shows the location of THE 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 THE 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 THE MELROSE?

THE MELROSE is located on DOWSDALE BANK in SHEPEAU STOW, in the PE12 postcode district. The below map shows the position of THE MELROSE on DOWSDALE BANK.