7, MALVERN CLOSE, MELKSHAM, SN12 7RR - £230,000

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.

7 MALVERN CLOSE is a midsized extended semi-detached house of 85m², built sometime between 1976 and 1982, which could now be worth an estimated £267,597. It was last sold for £230,000 in June 2021, which was around 18% below the average June 2021 semi-detached price in the Wiltshire local authority area. The most recent EPC inspection was May 2011, where the current energy rating was D, and the potential energy rating was D.

7 MALVERN CLOSE Sold Prices

Land registry data shows four sales for 7 MALVERN CLOSE 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 Wiltshire local authority area for the corresponding sale date. All of the four 7 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
2021 24 JUN	£230,000	£281,163	18% below HPI
2015 28 AUG	£157,500	£228,733	31% below HPI
2015 28 AUG	£157,500	£228,733	31% below HPI
2011 21 OCT	£140,000	£199,323	30% below HPI

What might 7 MALVERN CLOSE be worth now?

7 MALVERN CLOSE might now be worth an estimated £267,597.

This is based on house price inflation of 16.3%, between June 2021 and May 2026, for semi-detached 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 16.3% inflationary increase is applied to the most recent sale price for 7 MALVERN CLOSE of £230,000 on 24th June 2021. For the value to have increased from £230,000 to £267,597 over the five years and one month to May 2026, the following assumptions must hold true:

• The value of 7 MALVERN CLOSE has moved in line with the HPI for semi-detached houses in the Wiltshire local authority area.
• The June 2021 sale price of £230,000 represented a fair market value for the property.
• The size, condition, and specification of 7 MALVERN CLOSE has not materially changed since June 2021.

How Large is 7 MALVERN CLOSE?

7 MALVERN CLOSE is 85m², which includes one extension, according to the EPC inspection conducted in May 2011. This puts it in the largest 50% of semi-detached houses in Melksham, based on EPC data. The below chart shows the distribution of semi-detached houses by size in Melksham, and where 7 MALVERN CLOSE lies on this distribution: 55% of semi-detached houses are smaller than 7 MALVERN CLOSE, and 43% of semi-detached houses are larger. Note that EPC data is not available for all properties in Melksham.

7 MALVERN CLOSE: Plot

7 MALVERN CLOSE sits on a plot of roughly 0.050 of an acre, or 203m².

Where is 7 MALVERN CLOSE?

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