2, MELROSE DRIVE, HEDNESFORD, CANNOCK, WS12 4LU - £270,000

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.

2 MELROSE DRIVE is a very small semi-detached house of 74m², built sometime between 1976 and 1982, which could now be worth an estimated £289,071. It was last sold for £270,000 in June 2022, which was around 36% above the average June 2022 semi-detached price in the Cannock Chase local authority area. The most recent EPC inspection was April 2022, where the current energy rating was C, and the potential energy rating was B.

2 MELROSE DRIVE Sold Prices

Land registry data shows four sales for 2 MELROSE DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Cannock Chase local authority area for the corresponding sale date. All of the four 2 MELROSE DRIVE 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
2022 20 JUN	£270,000	£198,178	36% above HPI
2002 26 APR	£89,950	£61,181	47% above HPI
1999 15 OCT	£65,500	£48,577	35% above HPI
1998 3 APR	£53,400	£44,231	21% above HPI

2 MELROSE DRIVE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Cannock Chase local authority area over time, sourced from the HPI. The four 2 MELROSE DRIVE sales between April 1998 and June 2022 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 April 2002 sale was for 47% above the HPI. So the extrapolation line tracks at 47% above the HPI over time, until the June 2022 sale, where it falls to 36% above the HPI. The line then continues to track at 36% above the HPI.

What might 2 MELROSE DRIVE be worth now?

2 MELROSE DRIVE might now be worth an estimated £289,071.

This is based on house price inflation of 7.1%, between June 2022 and February 2025, for semi-detached houses, in the Cannock Chase local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 7.1% inflationary increase is applied to the most recent sale price for 2 MELROSE DRIVE of £270,000 on 20th June 2022. For the value to have increased from £270,000 to £289,071 over the three years and four months to February 2025, the following assumptions must hold true:

• The value of 2 MELROSE DRIVE has moved in line with the HPI for semi-detached houses in the Cannock Chase local authority area.
• The June 2022 sale price of £270,000 represented a fair market value for the property.
• The size, condition, and specification of 2 MELROSE DRIVE has not materially changed since June 2022.

How Large is 2 MELROSE DRIVE?

2 MELROSE DRIVE is 74m² according to the EPC inspection conducted in April 2022. This puts it in the smallest 10% of semi-detached houses houses in Cannock, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Cannock, and where 2 MELROSE DRIVE lies on this distribution: 10% of semi-detached houses houses are smaller than 2 MELROSE DRIVE, and 89% of houses are larger. Note that EPC data is not available for all properties in Cannock.

2 MELROSE DRIVE: Plot and Title Map

2 MELROSE DRIVE sits on a plot of roughly 0.092 of an acre, or 371m². The below map shows the location of 2 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 2 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 2 MELROSE DRIVE?

2 MELROSE DRIVE is located in HEDNESFORD, in the WS12 postcode district. The below map shows the position of No. 2 on MELROSE DRIVE.