34, MELBOURNE CLOSE, STONEHOUSE, GL10 2PY - £187,500

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.

34 MELBOURNE CLOSE is a very small terraced house of 55m², built sometime between 1983 and 1990, which could now be worth an estimated £243,285. It was last sold for £187,500 in April 2019, which was around 13% below the average April 2019 terraced price in the Stroud local authority area. The most recent EPC inspection was May 2009, where the current energy rating was C, and the potential energy rating was C.

34 MELBOURNE CLOSE Sold Prices

Land registry data shows three sales for 34 MELBOURNE CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Stroud local authority area for the corresponding sale date. All of the three 34 MELBOURNE 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
2019 5 APR	£187,500	£215,743	13% below HPI
2005 29 MAY	£134,000	£156,369	14% below HPI
1996 17 DEC	£46,500	£50,470	8% below HPI

34 MELBOURNE CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Stroud local authority area over time, sourced from the HPI. The three 34 MELBOURNE CLOSE sales between December 1996 and April 2019 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 May 2005 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the April 2019 sale, where it rises to 13% below the HPI. The line then continues to track at 13% below the HPI.

What might 34 MELBOURNE CLOSE be worth now?

34 MELBOURNE CLOSE might now be worth an estimated £243,285.

This is based on house price inflation of 29.8%, between April 2019 and April 2026, for terraced houses, in the Stroud local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 29.8% inflationary increase is applied to the most recent sale price for 34 MELBOURNE CLOSE of £187,500 on 5th April 2019. For the value to have increased from £187,500 to £243,285 over the seven years to April 2026, the following assumptions must hold true:

• The value of 34 MELBOURNE CLOSE has moved in line with the HPI for terraced houses in the Stroud local authority area.
• The April 2019 sale price of £187,500 represented a fair market value for the property.
• The size, condition, and specification of 34 MELBOURNE CLOSE has not materially changed since April 2019.

How Large is 34 MELBOURNE CLOSE?

34 MELBOURNE CLOSE is 55m² according to the EPC inspection conducted in May 2009. This puts it in the smallest 10% of terraced houses houses in Stonehouse, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Stonehouse, and where 34 MELBOURNE CLOSE lies on this distribution: 1% of terraced houses houses are smaller than 34 MELBOURNE CLOSE, and 99% of houses are larger. Note that EPC data is not available for all properties in Stonehouse.

34 MELBOURNE CLOSE: Plot and Title Map

34 MELBOURNE CLOSE sits on a plot of roughly 0.032 of an acre, or 131m². The below map shows the location of 34 MELBOURNE 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 34 MELBOURNE 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 34 MELBOURNE CLOSE?

34 MELBOURNE CLOSE is located in STONEHOUSE, in the GL10 postcode district. The below map shows the position of No. 34 on MELBOURNE CLOSE.