7, PENNINE CLOSE, MELKSHAM, SN12 7RX - £170,000

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.

7 PENNINE CLOSE is a very small terraced house of 58m², built sometime between 1976 and 1982, which could now be worth an estimated £207,498. It was last sold for £170,000 in July 2018, which was around 21% below the average July 2018 terraced price in the Wiltshire local authority area. The most recent EPC inspection was May 2018, where the current energy rating was C, and the potential energy rating was B.

7 PENNINE CLOSE Sold Prices

Land registry data shows two sales for 7 PENNINE CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Wiltshire local authority area for the corresponding sale date. Both of the two 7 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
2018 27 JUL	£170,000	£215,684	21% below HPI
1996 17 JUN	£36,500	£49,223	26% below HPI

7 PENNINE CLOSE 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 two 7 PENNINE CLOSE sales from June 1996 and July 2018 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 June 1996 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the July 2018 sale, where it rises to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might 7 PENNINE CLOSE be worth now?

7 PENNINE CLOSE might now be worth an estimated £207,498.

This is based on house price inflation of 22.1%, between July 2018 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 22.1% inflationary increase is applied to the most recent sale price for 7 PENNINE CLOSE of £170,000 on 27th July 2018. For the value to have increased from £170,000 to £207,498 over the eight years and two months to May 2026, the following assumptions must hold true:

• The value of 7 PENNINE CLOSE has moved in line with the HPI for terraced houses in the Wiltshire local authority area.
• The July 2018 sale price of £170,000 represented a fair market value for the property.
• The size, condition, and specification of 7 PENNINE CLOSE has not materially changed since July 2018.

How Large is 7 PENNINE CLOSE?

7 PENNINE CLOSE is 58m² according to the EPC inspection conducted in May 2018. This puts it in the smallest 10% 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 7 PENNINE CLOSE lies on this distribution: 1% of terraced houses houses are smaller than 7 PENNINE CLOSE, and 99% of houses are larger. Note that EPC data is not available for all properties in Melksham.

7 PENNINE CLOSE: Plot and Title Map

7 PENNINE CLOSE sits on a plot of roughly 0.022 of an acre, or 90m². The below map shows the location of 7 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 7 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 7 PENNINE CLOSE?

7 PENNINE CLOSE is located in MELKSHAM, in the SN12 postcode district. The below map shows the position of No. 7 on PENNINE CLOSE.