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Melbourn House Prices

The average house price in Melbourn is £320,000 using HM Land Registry data.

The average property price increased by £58,691 (13.3%) over the last 5 years and increased by £11,730 (2.4%) over the last 12 months.

Over the last year, there were 55 residential property sales – a decrease of 61 transactions (-110.91%) relative to the previous year. The majority of house sales (16) were in the £290,000 - £380,000 range. Then came properties in the £470,000 - £560,000 range, where 11 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 56 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-11,955 (-2%).

In April 2024, there were 14 new estate agency instructions, 7 agreed home sales and 2 property price reductions.

5-Year Average Property Prices in Melbourn

13.3%

Property prices in Melbourn increased by 13.3% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in Melbourn Over the Last Year

2.4%

Property prices in Melbourn increased by 2.4% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

Property Market Heat Gauge for Melbourn - April 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date).Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in Melbourn

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in Melbourn

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in Melbourn

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the Melbourn since 1995

Using HM Land Registry data, this chart displays average annual house prices in the Melbourn area since 1995.

Recent Property Sales in Melbourn

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
5 The Moor, Melbourn, Royston, Cambridgeshire, SG8 6ED	£350,000	£335,000	-£15,000	23 May 2023	17 Nov 2023	178 Days
30 Russet Way, Melbourn, Royston, Cambridgeshire, SG8 6HE	£240,000	£230,000	-£10,000	20 Jun 2023	03 Nov 2023	136 Days
78 Beechwood Avenue, Melbourn, Royston, Cambridgeshire, SG8 6BW	£425,000	£415,000	-£10,000	17 Jan 2023	03 Nov 2023	290 Days
13 Russet Way, Melbourn, Royston, Cambridgeshire, SG8 6HF	£315,000	£310,000	-£5,000	02 Jun 2023	28 Sep 2023	118 Days
50 Fordham Way, Melbourn, Royston, Cambridgeshire, SG8 6JA	£325,000	£300,000	-£25,000	25 May 2023	01 Sep 2023	99 Days
21 Elm Way, Melbourn, Royston, Cambridgeshire, SG8 6UH	£525,000	£525,000	£00	01 Oct 2021	31 Aug 2023	699 Days
9 Cross Lane, Melbourn, Royston, Cambridgeshire, SG8 6AG	£895,000	£895,000	£00	17 Feb 2023	31 Aug 2023	195 Days
6 Greengage Rise, Melbourn, Royston, Cambridgeshire, SG8 6DS	£440,000	£440,000	£00	22 May 2023	16 Aug 2023	86 Days
46 Medcalfe Way, Melbourn, Royston, Cambridgeshire, SG8 6HU	£475,000	£470,000	-£5,000	13 Feb 2023	31 Jul 2023	168 Days
76 Russet Way, Melbourn, Royston, Cambridgeshire, SG8 6HF	£300,000	£297,500	-£2,500	02 May 2023	27 Jul 2023	86 Days
13 Trigg Way, Melbourn, Royston, Cambridgeshire, SG8 6HX	£450,000	£450,000	£00	12 Dec 2022	05 Jun 2023	175 Days
19 Russet Way, Melbourn, Royston, Cambridgeshire, SG8 6HF	£322,500	£300,000	-£22,500	14 Sep 2022	11 May 2023	239 Days
106 Medcalfe Way, Melbourn, Royston, Cambridgeshire, SG8 6HU	£320,000	£315,000	-£5,000	09 Dec 2022	20 Apr 2023	132 Days
16 John Impey Way, Melbourn, Royston, Cambridgeshire, SG8 6HZ	£150,000	£150,000	£00	02 Dec 2022	05 Apr 2023	124 Days
9 Dickasons, Melbourn, Royston, Cambridgeshire, SG8 6EL	£620,000	£620,000	£00	18 Nov 2022	07 Mar 2023	109 Days
5 Barham Court, Melbourn, Royston, Cambridgeshire, SG8 6EW	£630,000	£612,700	-£17,300	28 Jun 2022	17 Feb 2023	234 Days
11 Meeting Lane, Melbourn, Royston, Cambridgeshire, SG8 6AN	£325,000	£315,000	-£10,000	09 Sep 2022	14 Feb 2023	158 Days
17 Water Lane, Melbourn, Royston, Cambridgeshire, SG8 6AY	£325,000	£320,000	-£5,000	14 Nov 2022	27 Jan 2023	74 Days
1 Carlton Rise, Melbourn, Royston, Cambridgeshire, SG8 6BZ	£550,000	£510,500	-£39,500	17 May 2022	07 Dec 2022	204 Days
17 Ash Grove, Melbourn, Royston, Cambridgeshire, SG8 6BJ	£450,000	£445,000	-£5,000	11 Sep 2021	25 Nov 2022	440 Days

Most Expensive Streets in Melbourn

Postcode	Street	Area	Average	No. of Sales
SG8 6FW	Clover Way	Melbourn	£702,135	22
SG8 6BA	The Lawns	Melbourn	£677,500	5
SG8 6DT	Thatcher Stanfords Close	Melbourn	£673,125	8
SG8 6AE	Dolphin Lane	Melbourn	£667,818	11
SG8 6AR	High Street	Melbourn	£658,500	4
SG8 6FZ	Daffodil Close	Melbourn	£650,544	11
SG8 6BX	New Road	Melbourn	£644,038	13
SG8 6FE	Victoria Way	Melbourn	£639,357	28
SG8 6GH	Rosemary Place	Melbourn	£621,250	14
SG8 6AA	High Street	Melbourn	£593,333	3

Least Expensive Streets in Melbourn

Postcode	Street	Area	Average	No. of Sales
SG8 6FY	Hyacinth Drive	Melbourn	£152,000	3
SG8 6FS	Star Mews	Melbourn	£159,166	3
SG8 6HW	Ogden Close	Melbourn	£266,000	4
SG8 6HN	Beeton Close	Melbourn	£277,200	5
SG8 6HF	Russet Way	Melbourn	£280,818	11
SG8 6FB	Rupert Neve Close	Melbourn	£290,666	6
SG8 6FF	Moorlands Close	Melbourn	£291,500	5
SG8 6HT	Orchard Way	Melbourn	£299,500	3
SG8 6HG	Bramley Avenue	Melbourn	£316,100	10
SG8 6HU	Medcalfe Way	Melbourn	£331,714	14