1, MELBOURNE CLOSE, STONEHOUSE, GL10 2PY - £307,000

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.

1 MELBOURNE CLOSE is a very small detached house of 79m², built sometime between 1967 and 1975, which could now be worth an estimated £314,456. It was last sold for £307,000 in June 2023, which was around 43% below the average June 2023 detached price in the Stroud local authority area. The most recent EPC inspection was November 2022, where the current energy rating was F, and the potential energy rating was C.

1 MELBOURNE CLOSE Sold Prices

Land registry data shows one sale for 1 MELBOURNE CLOSE since 1^st January 1995. The below table shows the price paid for the one sale, along with the average detached price in the Stroud local authority area for the corresponding sale date. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2023 9 JUN	£307,000	£538,460	43% below HPI

What might 1 MELBOURNE CLOSE be worth now?

1 MELBOURNE CLOSE might now be worth an estimated £314,456.

This is based on house price inflation of 2.4%, between June 2023 and May 2026, for detached houses, in the Stroud local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 2.4% inflationary increase is applied to the most recent sale price for 1 MELBOURNE CLOSE of £307,000 on 9th June 2023. For the value to have increased from £307,000 to £314,456 over the three years and one month to May 2026, the following assumptions must hold true:

• The value of 1 MELBOURNE CLOSE has moved in line with the HPI for detached houses in the Stroud local authority area.
• The June 2023 sale price of £307,000 represented a fair market value for the property.
• The size, condition, and specification of 1 MELBOURNE CLOSE has not materially changed since June 2023.

How Large is 1 MELBOURNE CLOSE?

1 MELBOURNE CLOSE is 79m² according to the EPC inspection conducted in November 2022. This puts it in the smallest 10% of detached houses in Stonehouse, based on EPC data. The below chart shows the distribution of detached houses by size in Stonehouse, and where 1 MELBOURNE CLOSE lies on this distribution: 10% of detached houses are smaller than 1 MELBOURNE CLOSE, and 90% of detached houses are larger. Note that EPC data is not available for all properties in Stonehouse.

1 MELBOURNE CLOSE: Plot

1 MELBOURNE CLOSE sits on a plot of roughly 0.077 of an acre, or 313m².

Where is 1 MELBOURNE CLOSE?

1 MELBOURNE CLOSE is located in STONEHOUSE, in the GL10 postcode district.