24, HALE CLOSE, MELBOURN, ROYSTON, SG8 6ET - £385,000

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.

24 HALE CLOSE is a very small extended semi-detached house of 82m², built sometime between 1967 and 1975, which could now be worth an estimated £395,740. It was last sold for £385,000 in May 2022, which was around 2% above the average May 2022 semi-detached price in the South Cambridgeshire local authority area. The most recent EPC inspection was January 2019, where the current energy rating was D, and the potential energy rating was B.

24 HALE CLOSE Sold Prices

Land registry data shows two sales for 24 HALE CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the South Cambridgeshire local authority area for the corresponding sale date. One of the two 24 HALE CLOSE sales was for above the average price, whilst the other was 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
2022 12 MAY	£385,000	£377,458	2% above HPI
2019 23 OCT	£305,000	£339,325	10% below HPI

24 HALE CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the South Cambridgeshire local authority area over time, sourced from the HPI. The two 24 HALE CLOSE sales from October 2019 and May 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 October 2019 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the May 2022 sale, where it rises to 2% above the HPI. The line then continues to track at 2% above the HPI.

What might 24 HALE CLOSE be worth now?

24 HALE CLOSE might now be worth an estimated £395,740.

This is based on house price inflation of 2.8%, between May 2022 and May 2026, for semi-detached houses, in the South Cambridgeshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 2.8% inflationary increase is applied to the most recent sale price for 24 HALE CLOSE of £385,000 on 12th May 2022. For the value to have increased from £385,000 to £395,740 over the four years to May 2026, the following assumptions must hold true:

• The value of 24 HALE CLOSE has moved in line with the HPI for semi-detached houses in the South Cambridgeshire local authority area.
• The May 2022 sale price of £385,000 represented a fair market value for the property.
• The size, condition, and specification of 24 HALE CLOSE has not materially changed since May 2022.

How Large is 24 HALE CLOSE?

24 HALE CLOSE is 82m², which includes one extension, according to the EPC inspection conducted in January 2019. This puts it in the smallest 10% of semi-detached houses houses in Melbourn, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Melbourn, and where 24 HALE CLOSE lies on this distribution: 9% of semi-detached houses houses are smaller than 24 HALE CLOSE, and 90% of houses are larger. Note that EPC data is not available for all properties in Melbourn.

24 HALE CLOSE: Plot and Title Map

24 HALE CLOSE sits on a plot of roughly 0.075 of an acre, or 302m². The below map shows the location of 24 HALE 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 24 HALE 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 24 HALE CLOSE?

24 HALE CLOSE is located in MELBOURN, in the SG8 postcode district. The below map shows the position of No. 24 on HALE CLOSE.