40, MELBOURNE ROAD, NORTH WALSHAM, NR28 9EP - £140,000

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.

40 MELBOURNE ROAD is a small terraced house of 88m², built sometime between 1967 and 1975, which could now be worth an estimated £215,109. It was last sold for £140,000 in May 2015, which was around 9% below the average May 2015 terraced price in the North Norfolk local authority area. The most recent EPC inspection was August 2019, where the current energy rating was C, and the potential energy rating was B.

40 MELBOURNE ROAD Sold Prices

Land registry data shows three sales for 40 MELBOURNE ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the North Norfolk local authority area for the corresponding sale date. All of the three 40 MELBOURNE ROAD 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
2015 15 MAY	£140,000	£154,487	9% below HPI
2009 8 JAN	£127,500	£133,311	4% below HPI
2003 4 APR	£35,750	£94,743	62% below HPI

40 MELBOURNE ROAD Price Paid vs. HPI Average

The below graph shows the average terraced house price in the North Norfolk local authority area over time, sourced from the HPI. The three 40 MELBOURNE ROAD sales between April 2003 and May 2015 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 2009 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the May 2015 sale, where it falls to 9% below the HPI. The line then continues to track at 9% below the HPI.

What might 40 MELBOURNE ROAD be worth now?

40 MELBOURNE ROAD might now be worth an estimated £215,109.

This is based on house price inflation of 53.6%, between May 2015 and July 2025, for terraced houses, in the North Norfolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 53.6% inflationary increase is applied to the most recent sale price for 40 MELBOURNE ROAD of £140,000 on 15th May 2015. For the value to have increased from £140,000 to £215,109 over the nine years and ten months to July 2025, the following assumptions must hold true:

• The value of 40 MELBOURNE ROAD has moved in line with the HPI for terraced houses in the North Norfolk local authority area.
• The May 2015 sale price of £140,000 represented a fair market value for the property.
• The size, condition, and specification of 40 MELBOURNE ROAD has not materially changed since May 2015.

How Large is 40 MELBOURNE ROAD?

40 MELBOURNE ROAD is 88m² according to the EPC inspection conducted in August 2019. This puts it in the smallest 40% of terraced houses houses in North Walsham, based on EPC data. The below chart shows the distribution of terraced houses houses by size in North Walsham, and where 40 MELBOURNE ROAD lies on this distribution: 33% of terraced houses houses are smaller than 40 MELBOURNE ROAD, and 66% of houses are larger. Note that EPC data is not available for all properties in North Walsham.

40 MELBOURNE ROAD: Plot and Title Map

40 MELBOURNE ROAD sits on a plot of roughly 0.040 of an acre, or 162m². The below map shows the location of 40 MELBOURNE ROAD, 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 40 MELBOURNE ROAD). 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 40 MELBOURNE ROAD?

40 MELBOURNE ROAD is located in NORTH WALSHAM, in the NR28 postcode district. The below map shows the position of No. 40 on MELBOURNE ROAD.