48, MALVERN CLOSE, MELKSHAM, SN12 7RR - £48,500

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.

48 MALVERN CLOSE is a terraced house, which could now be worth an estimated £208,146. It was last sold for £48,500 in July 1998, which was around 21% below the average July 1998 terraced price in the Wiltshire local authority area.

48 MALVERN CLOSE Sold Prices

Land registry data shows two sales for 48 MALVERN 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 48 MALVERN 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
1998 10 JUL	£48,500	£61,342	21% below HPI
1996 3 APR	£39,000	£47,496	18% below HPI

What might 48 MALVERN CLOSE be worth now?

48 MALVERN CLOSE might now be worth an estimated £208,146.

This is based on house price inflation of 329.2%, between July 1998 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 329.2% inflationary increase is applied to the most recent sale price for 48 MALVERN CLOSE of £48,500 on 10th July 1998. For the value to have increased from £48,500 to £208,146 over the 28 years and two months to May 2026, the following assumptions must hold true:

• The value of 48 MALVERN CLOSE has moved in line with the HPI for terraced houses in the Wiltshire local authority area.
• The July 1998 sale price of £48,500 represented a fair market value for the property.
• The size, condition, and specification of 48 MALVERN CLOSE has not materially changed since July 1998.

Where is 48 MALVERN CLOSE?

48 MALVERN CLOSE is located in MELKSHAM, in the SN12 postcode district.