MELROSE, BONAVENTURE ROAD, SALCOMBE, TQ8 8BG - £765,000

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.

MELROSE is a midsized extended semi-detached house of 145m², built sometime between 1900 and 1929, which could now be worth an estimated £1,129,464. It was last sold for £765,000 in August 2014, which was around 200% above the average August 2014 semi-detached price in the South Hams local authority area. The most recent EPC inspection was January 2012, where the current energy rating was D, and the potential energy rating was D.

MELROSE Sold Prices

Land registry data shows four sales for MELROSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the South Hams local authority area for the corresponding sale date. All of the four MELROSE 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
2014 22 AUG	£765,000	£255,000	200% above HPI
2012 26 MAR	£745,000	£231,300	222% above HPI
2008 14 MAR	£530,000	£244,914	116% above HPI
1998 24 JUL	£119,500	£71,587	67% above HPI

MELROSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the South Hams local authority area over time, sourced from the HPI. The four MELROSE sales between July 1998 and August 2014 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 March 2012 sale was for 222% above the HPI. So the extrapolation line tracks at 222% above the HPI over time, until the August 2014 sale, where it falls to 200% above the HPI. The line then continues to track at 200% above the HPI.

What might MELROSE be worth now?

MELROSE might now be worth an estimated £1,129,464.

This is based on house price inflation of 47.6%, between August 2014 and February 2025, for semi-detached houses, in the South Hams local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 47.6% inflationary increase is applied to the most recent sale price for MELROSE of £765,000 on 22nd August 2014. For the value to have increased from £765,000 to £1,129,464 over the eleven years and six months to February 2025, the following assumptions must hold true:

• The value of MELROSE has moved in line with the HPI for semi-detached houses in the South Hams local authority area.
• The August 2014 sale price of £765,000 represented a fair market value for the property.
• The size, condition, and specification of MELROSE has not materially changed since August 2014.

How Large is MELROSE?

MELROSE is 145m², which includes two extensions, according to the EPC inspection conducted in January 2012. This puts it in the smallest 50% of semi-detached houses houses in Salcombe, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Salcombe, and where MELROSE lies on this distribution: 47% of semi-detached houses houses are smaller than MELROSE, and 53% of houses are larger. Note that EPC data is not available for all properties in Salcombe.

MELROSE: Plot and Title Map

MELROSE sits on a plot of roughly 0.079 of an acre, or 318m². The below map shows the location of MELROSE, 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 MELROSE). 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 MELROSE?

MELROSE is located on BONAVENTURE ROAD in SALCOMBE, in the TQ8 postcode district. The below map shows the position of MELROSE on BONAVENTURE ROAD.