16, MELFORD CLOSE, CORBY, NN18 8NF - £307,000

16 MELFORD CLOSE is a very small detached house of 88m², built sometime between 2003 and 2006. It was last sold for £307,000 in May 2023, which was around 29% below the average May 2023 detached price in the North Northamptonshire local authority area. The most recent EPC inspection was May 2021, where the current energy rating was C, and the potential energy rating was B.

16 MELFORD CLOSE Sold Prices

Land registry data shows four sales for 16 MELFORD CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the North Northamptonshire local authority area for the corresponding sale date. All of the four 16 MELFORD 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
2023 17 MAY	£307,000	£431,445	29% below HPI
2021 15 JUN	£233,000	£365,386	36% below HPI
2007 20 JUL	£165,000	£235,042	30% below HPI
2004 17 MAR	£135,000	£187,372	28% below HPI

16 MELFORD CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Northamptonshire local authority area over time, sourced from the HPI. The four 16 MELFORD CLOSE sales between March 2004 and May 2023 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 June 2021 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the May 2023 sale, where it rises to 29% below the HPI. The line then continues to track at 29% below the HPI.

How Large is 16 MELFORD CLOSE?

16 MELFORD CLOSE is 88m² according to the EPC inspection conducted in May 2021. This puts it in the smallest 20% of detached houses in Corby, based on EPC data. The below chart shows the distribution of detached houses by size in Corby, and where 16 MELFORD CLOSE lies on this distribution: 17% of detached houses are smaller than 16 MELFORD CLOSE, and 82% of houses are larger. Note that EPC data is not available for all properties in Corby.

16 MELFORD CLOSE: Plot and Title Map

16 MELFORD CLOSE sits on a plot of roughly 0.069 of an acre, or 279m². The below map shows the location of 16 MELFORD 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 16 MELFORD 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 16 MELFORD CLOSE?

16 MELFORD CLOSE is located in CORBY, in the NN18 postcode district. The below map shows the position of No. 16 on MELFORD CLOSE.