47, TOWER ROAD, MELKSHAM, SN12 7JQ - £190,000

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.

47 TOWER ROAD is a very small terraced house of 85m², built sometime between 1967 and 1975, which could now be worth an estimated £226,366. It was last sold for £190,000 in October 2020, which was around 14% below the average October 2020 terraced price in the Wiltshire local authority area. The most recent EPC inspection was November 2012, where the current energy rating was D, and the potential energy rating was B.

47 TOWER ROAD Sold Prices

Land registry data shows three sales for 47 TOWER 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 Wiltshire local authority area for the corresponding sale date. All of the three 47 TOWER 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
2020 15 OCT	£190,000	£220,966	14% below HPI
2007 14 DEC	£152,500	£176,337	14% below HPI
2006 30 JUN	£124,250	£159,553	22% below HPI

47 TOWER ROAD Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Wiltshire local authority area over time, sourced from the HPI. The three 47 TOWER ROAD sales between June 2006 and October 2020 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 December 2007 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the October 2020 sale, which was also at 14% below the HPI.

What might 47 TOWER ROAD be worth now?

47 TOWER ROAD might now be worth an estimated £226,366.

This is based on house price inflation of 19.1%, between October 2020 and May 2026, for terraced 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 19.1% inflationary increase is applied to the most recent sale price for 47 TOWER ROAD of £190,000 on 15th October 2020. For the value to have increased from £190,000 to £226,366 over the six years and five months to May 2026, the following assumptions must hold true:

• The value of 47 TOWER ROAD has moved in line with the HPI for terraced houses in the Wiltshire local authority area.
• The October 2020 sale price of £190,000 represented a fair market value for the property.
• The size, condition, and specification of 47 TOWER ROAD has not materially changed since October 2020.

How Large is 47 TOWER ROAD?

47 TOWER ROAD is 85m² according to the EPC inspection conducted in November 2012. This puts it in the smallest 20% of terraced houses houses in Melksham, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Melksham, and where 47 TOWER ROAD lies on this distribution: 12% of terraced houses houses are smaller than 47 TOWER ROAD, and 87% of houses are larger. Note that EPC data is not available for all properties in Melksham.

47 TOWER ROAD: Plot and Title Map

47 TOWER ROAD sits on a plot of roughly 0.038 of an acre, or 155m². The below map shows the location of 47 TOWER 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 47 TOWER 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 47 TOWER ROAD?

47 TOWER ROAD is located in MELKSHAM, in the SN12 postcode district. The below map shows the position of No. 47 on TOWER ROAD.