9, MELROSE DRIVE, HEDNESFORD, CANNOCK, WS12 4LU - £185,000

9 MELROSE DRIVE is a very small detached house of 80m², built sometime between 1967 and 1975. It was last sold for £185,000 in June 2018, which was around 22% below the average June 2018 detached price in the Cannock Chase local authority area. The most recent EPC inspection was August 2009, where the current energy rating was D, and the potential energy rating was C.

9 MELROSE DRIVE Sold Prices

Land registry data shows four sales for 9 MELROSE DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Cannock Chase local authority area for the corresponding sale date. All of the four 9 MELROSE DRIVE 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 7 JUN	£185,000	£236,667	22% below HPI
2016 9 MAY	£165,000	£216,816	24% below HPI
2010 28 MAY	£124,950	£179,790	31% below HPI
2002 8 MAR	£80,000	£103,660	23% below HPI

9 MELROSE DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Cannock Chase local authority area over time, sourced from the HPI. The four 9 MELROSE DRIVE sales between March 2002 and June 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 May 2016 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the June 2018 sale, where it rises to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is 9 MELROSE DRIVE?

9 MELROSE DRIVE is 80m² according to the EPC inspection conducted in August 2009. This puts it in the smallest 20% of detached houses in Cannock, based on EPC data. The below chart shows the distribution of detached houses by size in Cannock, and where 9 MELROSE DRIVE lies on this distribution: 17% of detached houses are smaller than 9 MELROSE DRIVE, and 83% of houses are larger. Note that EPC data is not available for all properties in Cannock.

9 MELROSE DRIVE: Plot and Title Map

9 MELROSE DRIVE sits on a plot of roughly 0.096 of an acre, or 387m². The below map shows the location of 9 MELROSE DRIVE, 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 9 MELROSE DRIVE). 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 9 MELROSE DRIVE?

9 MELROSE DRIVE is located in HEDNESFORD, in the WS12 postcode district. The below map shows the position of No. 9 on MELROSE DRIVE.