19, MELROSE CLOSE, HAILSHAM, BN27 3XP - £300,000

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.

19 MELROSE CLOSE is a very small detached house of 83m², built sometime between 1996 and 2002, which could now be worth an estimated £362,221. It was last sold for £300,000 in February 2020, which was around 40% below the average February 2020 detached price in the Wealden local authority area. The most recent EPC inspection was August 2013, where the current energy rating was C, and the potential energy rating was B.

19 MELROSE CLOSE Sold Prices

Land registry data shows five sales for 19 MELROSE CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Wealden local authority area for the corresponding sale date. All of the five 19 MELROSE 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
2020 14 FEB	£300,000	£500,890	40% below HPI
2014 9 JAN	£225,000	£384,398	41% below HPI
2007 22 JUN	£220,000	£362,365	39% below HPI
1997 22 SEP	£88,000	£131,328	33% below HPI
1996 6 SEP	£79,950	£117,301	32% below HPI

19 MELROSE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Wealden local authority area over time, sourced from the HPI. The five 19 MELROSE CLOSE sales between September 1996 and February 2020 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 January 2014 sale was for 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the February 2020 sale, where it rises to 40% below the HPI. The line then continues to track at 40% below the HPI.

What might 19 MELROSE CLOSE be worth now?

19 MELROSE CLOSE might now be worth an estimated £362,221.

This is based on house price inflation of 20.7%, between February 2020 and February 2025, for detached houses, in the Wealden local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 20.7% inflationary increase is applied to the most recent sale price for 19 MELROSE CLOSE of £300,000 on 14th February 2020. For the value to have increased from £300,000 to £362,221 over the five years to February 2025, the following assumptions must hold true:

• The value of 19 MELROSE CLOSE has moved in line with the HPI for detached houses in the Wealden local authority area.
• The February 2020 sale price of £300,000 represented a fair market value for the property.
• The size, condition, and specification of 19 MELROSE CLOSE has not materially changed since February 2020.

How Large is 19 MELROSE CLOSE?

19 MELROSE CLOSE is 83m² according to the EPC inspection conducted in August 2013. This puts it in the smallest 20% of detached houses houses in Hailsham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hailsham, and where 19 MELROSE CLOSE lies on this distribution: 19% of detached houses houses are smaller than 19 MELROSE CLOSE, and 80% of houses are larger. Note that EPC data is not available for all properties in Hailsham.

19 MELROSE CLOSE: Plot and Title Map

19 MELROSE CLOSE sits on a plot of roughly 0.067 of an acre, or 270m². The below map shows the location of 19 MELROSE 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 19 MELROSE 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 19 MELROSE CLOSE?

19 MELROSE CLOSE is located in HAILSHAM, in the BN27 postcode district. The below map shows the position of No. 19 on MELROSE CLOSE.