15, MELBOURNE CLOSE, STONEHOUSE, GL10 2PY - £205,000

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.

15 MELBOURNE CLOSE is a very small semi-detached house of 46m², built sometime between 1983 and 1990, which could now be worth an estimated £218,757. It was last sold for £205,000 in May 2024, which was around 35% below the average May 2024 semi-detached price in the Stroud local authority area. The most recent EPC inspection was September 2023, where the current energy rating was C, and the potential energy rating was B.

15 MELBOURNE CLOSE Sold Prices

Land registry data shows three sales for 15 MELBOURNE CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Stroud local authority area for the corresponding sale date. All of the three 15 MELBOURNE CLOSE 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
2024 31 MAY	£205,000	£314,350	35% below HPI
2006 4 OCT	£134,750	£194,196	31% below HPI
2000 12 MAY	£60,000	£89,720	33% below HPI

15 MELBOURNE CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Stroud local authority area over time, sourced from the HPI. The three 15 MELBOURNE CLOSE sales between May 2000 and May 2024 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 October 2006 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the May 2024 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

What might 15 MELBOURNE CLOSE be worth now?

15 MELBOURNE CLOSE might now be worth an estimated £218,757.

This is based on house price inflation of 6.7%, between May 2024 and May 2026, for semi-detached houses, in the Stroud local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 6.7% inflationary increase is applied to the most recent sale price for 15 MELBOURNE CLOSE of £205,000 on 31st May 2024. For the value to have increased from £205,000 to £218,757 over the two years to May 2026, the following assumptions must hold true:

• The value of 15 MELBOURNE CLOSE has moved in line with the HPI for semi-detached houses in the Stroud local authority area.
• The May 2024 sale price of £205,000 represented a fair market value for the property.
• The size, condition, and specification of 15 MELBOURNE CLOSE has not materially changed since May 2024.

How Large is 15 MELBOURNE CLOSE?

15 MELBOURNE CLOSE is 46m² according to the EPC inspection conducted in September 2023. This puts it in the smallest 10% of semi-detached houses houses in Stonehouse, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Stonehouse, and where 15 MELBOURNE CLOSE lies on this distribution: 1% of semi-detached houses houses are smaller than 15 MELBOURNE CLOSE, and 99% of houses are larger. Note that EPC data is not available for all properties in Stonehouse.

15 MELBOURNE CLOSE: Plot and Title Map

15 MELBOURNE CLOSE sits on a plot of roughly 0.051 of an acre, or 208m². The below map shows the location of 15 MELBOURNE 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 15 MELBOURNE 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 15 MELBOURNE CLOSE?

15 MELBOURNE CLOSE is located in STONEHOUSE, in the GL10 postcode district. The below map shows the position of No. 15 on MELBOURNE CLOSE.