1, MELROSE DRIVE, PETERBOROUGH, PE2 9DN - £179,000

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.

1 MELROSE DRIVE is a small extended detached house of 104m², built sometime between 1991 and 1995, which could now be worth an estimated £331,854. It was last sold for £179,000 in January 2013, which was around 13% below the average January 2013 detached price in the City of Peterborough local authority area. The most recent EPC inspection was May 2011, where the current energy rating was D, and the potential energy rating was C.

1 MELROSE DRIVE Sold Prices

Land registry data shows three sales for 1 MELROSE DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the City of Peterborough local authority area for the corresponding sale date. All of the three 1 MELROSE DRIVE 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
2013 18 JAN	£179,000	£205,384	13% below HPI
2007 21 DEC	£170,000	£235,544	28% below HPI
2003 17 JUN	£160,000	£175,363	9% below HPI

1 MELROSE DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the City of Peterborough local authority area over time, sourced from the HPI. The three 1 MELROSE DRIVE sales between June 2003 and January 2013 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 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the January 2013 sale, where it rises to 13% below the HPI. The line then continues to track at 13% below the HPI.

What might 1 MELROSE DRIVE be worth now?

1 MELROSE DRIVE might now be worth an estimated £331,854.

This is based on house price inflation of 85.4%, between January 2013 and May 2026, for detached houses, in the City of Peterborough local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 85.4% inflationary increase is applied to the most recent sale price for 1 MELROSE DRIVE of £179,000 on 18th January 2013. For the value to have increased from £179,000 to £331,854 over the twelve years and eight months to May 2026, the following assumptions must hold true:

• The value of 1 MELROSE DRIVE has moved in line with the HPI for detached houses in the City of Peterborough local authority area.
• The January 2013 sale price of £179,000 represented a fair market value for the property.
• The size, condition, and specification of 1 MELROSE DRIVE has not materially changed since January 2013.

How Large is 1 MELROSE DRIVE?

1 MELROSE DRIVE is 104m², which includes one extension, according to the EPC inspection conducted in May 2011. This puts it in the smallest 40% of detached houses houses in Peterborough, based on EPC data. The below chart shows the distribution of detached houses houses by size in Peterborough, and where 1 MELROSE DRIVE lies on this distribution: 39% of detached houses houses are smaller than 1 MELROSE DRIVE, and 60% of houses are larger. Note that EPC data is not available for all properties in Peterborough.

1 MELROSE DRIVE: Plot and Title Map

1 MELROSE DRIVE sits on a plot of roughly 0.069 of an acre, or 281m². The below map shows the location of 1 MELROSE DRIVE, 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 1 MELROSE DRIVE). 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 1 MELROSE DRIVE?

1 MELROSE DRIVE is located in PETERBOROUGH, in the PE2 postcode district. The below map shows the position of No. 1 on MELROSE DRIVE.