14, MELKSHAM CLOSE, MACCLESFIELD, SK11 8NH - £225,000

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.

14 MELKSHAM CLOSE is a very small terraced house of 70m², built sometime between 1967 and 1975, which could now be worth an estimated £309,373. It was last sold for £225,000 in August 2019, which was around 41% above the average August 2019 terraced price in the Cheshire East local authority area. The most recent EPC inspection was May 2018, where the current energy rating was D, and the potential energy rating was B.

14 MELKSHAM CLOSE Sold Prices

Land registry data shows four sales for 14 MELKSHAM CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Cheshire East local authority area for the corresponding sale date. All of the four 14 MELKSHAM CLOSE 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
2019 2 AUG	£225,000	£159,172	41% above HPI
2018 14 DEC	£174,000	£157,818	10% above HPI
2001 31 AUG	£97,500	£57,245	70% above HPI
1997 31 JAN	£64,000	£39,714	61% above HPI

14 MELKSHAM CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Cheshire East local authority area over time, sourced from the HPI. The four 14 MELKSHAM CLOSE sales between January 1997 and August 2019 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 2018 sale was for 10% above the HPI. So the extrapolation line tracks at 10% above the HPI over time, until the August 2019 sale, where it rises to 41% above the HPI. The line then continues to track at 41% above the HPI.

What might 14 MELKSHAM CLOSE be worth now?

14 MELKSHAM CLOSE might now be worth an estimated £309,373.

This is based on house price inflation of 37.5%, between August 2019 and July 2025, for terraced houses, in the Cheshire East local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 37.5% inflationary increase is applied to the most recent sale price for 14 MELKSHAM CLOSE of £225,000 on 2nd August 2019. For the value to have increased from £225,000 to £309,373 over the six years and one month to July 2025, the following assumptions must hold true:

• The value of 14 MELKSHAM CLOSE has moved in line with the HPI for terraced houses in the Cheshire East local authority area.
• The August 2019 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of 14 MELKSHAM CLOSE has not materially changed since August 2019.

How Large is 14 MELKSHAM CLOSE?

14 MELKSHAM CLOSE is 70m² according to the EPC inspection conducted in May 2018. This puts it in the smallest 10% of terraced houses houses in Macclesfield, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Macclesfield, and where 14 MELKSHAM CLOSE lies on this distribution: 5% of terraced houses houses are smaller than 14 MELKSHAM CLOSE, and 95% of houses are larger. Note that EPC data is not available for all properties in Macclesfield.

14 MELKSHAM CLOSE: Plot and Title Map

14 MELKSHAM CLOSE sits on a plot of roughly 0.059 of an acre, or 240m². The below map shows the location of 14 MELKSHAM CLOSE, 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 14 MELKSHAM CLOSE). 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 14 MELKSHAM CLOSE?

14 MELKSHAM CLOSE is located in MACCLESFIELD, in the SK11 postcode district. The below map shows the position of No. 14 on MELKSHAM CLOSE.