24, PENNINE CLOSE, MELKSHAM, SN12 7RX - £176,500

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 PENNINE CLOSE is a very small semi-detached house of 65m², built sometime between 1976 and 1982, which could now be worth an estimated £230,815. It was last sold for £176,500 in March 2017, which was around 29% below the average March 2017 semi-detached price in the Wiltshire local authority area. The most recent EPC inspection was November 2023, where the current energy rating was C, and the potential energy rating was B.

24 PENNINE CLOSE Sold Prices

Land registry data shows two sales for 24 PENNINE 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 Wiltshire local authority area for the corresponding sale date. Both of the two 24 PENNINE 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
2017 24 MAR	£176,500	£250,145	29% below HPI
2015 22 JAN	£140,000	£216,041	35% below HPI

24 PENNINE CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Wiltshire local authority area over time, sourced from the HPI. The two 24 PENNINE CLOSE sales from January 2015 and March 2017 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 2015 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the March 2017 sale, where it rises to 29% below the HPI. The line then continues to track at 29% below the HPI.

What might 24 PENNINE CLOSE be worth now?

24 PENNINE CLOSE might now be worth an estimated £230,815.

This is based on house price inflation of 30.8%, between March 2017 and May 2026, for semi-detached houses, in the Wiltshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 30.8% inflationary increase is applied to the most recent sale price for 24 PENNINE CLOSE of £176,500 on 24th March 2017. For the value to have increased from £176,500 to £230,815 over the eight years and ten months to May 2026, the following assumptions must hold true:

• The value of 24 PENNINE CLOSE has moved in line with the HPI for semi-detached houses in the Wiltshire local authority area.
• The March 2017 sale price of £176,500 represented a fair market value for the property.
• The size, condition, and specification of 24 PENNINE CLOSE has not materially changed since March 2017.

How Large is 24 PENNINE CLOSE?

24 PENNINE CLOSE is 65m² according to the EPC inspection conducted in November 2023. This puts it in the smallest 10% of semi-detached houses houses in Melksham, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Melksham, and where 24 PENNINE CLOSE lies on this distribution: 2% of semi-detached houses houses are smaller than 24 PENNINE CLOSE, and 98% of houses are larger. Note that EPC data is not available for all properties in Melksham.

24 PENNINE CLOSE: Plot and Title Map

24 PENNINE CLOSE sits on a plot of roughly 0.035 of an acre, or 143m². The below map shows the location of 24 PENNINE 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 PENNINE 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 PENNINE CLOSE?

24 PENNINE CLOSE is located in MELKSHAM, in the SN12 postcode district. The below map shows the position of No. 24 on PENNINE CLOSE.