MELIORA HOUSE, HOUGHTON LANE, BURY, PULBOROUGH, RH20 1PD - £930,000

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.

MELIORA HOUSE is a very large extended detached house of 286m², built sometime between 1950 and 1966, which could now be worth an estimated £1,068,941. It was last sold for £930,000 in August 2020, which was around 48% above the average August 2020 detached price in the Chichester local authority area. The most recent EPC inspection was March 2019, where the current energy rating was E, and the potential energy rating was D.

MELIORA HOUSE Sold Prices

Land registry data shows three sales for MELIORA HOUSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Chichester local authority area for the corresponding sale date. All of the three MELIORA HOUSE sales were for above 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 10 AUG	£930,000	£628,906	48% above HPI
2009 1 SEP	£787,500	£412,678	91% above HPI
1998 20 FEB	£280,000	£163,181	72% above HPI

MELIORA HOUSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Chichester local authority area over time, sourced from the HPI. The three MELIORA HOUSE sales between February 1998 and August 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 September 2009 sale was for 91% above the HPI. So the extrapolation line tracks at 91% above the HPI over time, until the August 2020 sale, where it falls to 48% above the HPI. The line then continues to track at 48% above the HPI.

What might MELIORA HOUSE be worth now?

MELIORA HOUSE might now be worth an estimated £1,068,941.

This is based on house price inflation of 14.9%, between August 2020 and August 2025, for detached houses, in the Chichester local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 14.9% inflationary increase is applied to the most recent sale price for MELIORA HOUSE of £930,000 on 10th August 2020. For the value to have increased from £930,000 to £1,068,941 over the five years to August 2025, the following assumptions must hold true:

• The value of MELIORA HOUSE has moved in line with the HPI for detached houses in the Chichester local authority area.
• The August 2020 sale price of £930,000 represented a fair market value for the property.
• The size, condition, and specification of MELIORA HOUSE has not materially changed since August 2020.

How Large is MELIORA HOUSE?

MELIORA HOUSE is 286m², which includes four extensions, according to the EPC inspection conducted in March 2019. This puts it in the largest 20% of detached houses houses in Bury, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bury, and where MELIORA HOUSE lies on this distribution: 86% of detached houses houses are smaller than MELIORA HOUSE, and 14% of houses are larger. Note that EPC data is not available for all properties in Bury.

MELIORA HOUSE: Plot and Title Map

MELIORA HOUSE sits on a plot of roughly 0.503 of an acre, or 2,037m². The below map shows the location of MELIORA HOUSE, 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 MELIORA HOUSE). 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 MELIORA HOUSE?

MELIORA HOUSE is located on HOUGHTON LANE in BURY, in the RH20 postcode district. The below map shows the position of MELIORA HOUSE on HOUGHTON LANE.