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Melksham House Prices Melksham House Prices

The average house price in Melksham is £322,047 using HM Land Registry data.

The average property price increased by £67,266 (28.89%) over the last 5 years and increased by £13,444 (4.69%) over the last 12 months.

Over the last year, there were 234 residential property sales – a decrease of 153 transactions (-65.38%) relative to the previous year. The majority of house sales (56) were in the £206,000 - £252,000 range. Then came properties in the £252,000 - £298,000 range, where 55 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 99 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-8,042 (-2%).

In April 2024, there were 45 new estate agency instructions, 31 agreed home sales and 30 property price reductions.

Postcodes Covered: SN12

5-Year Average Property Prices in Melksham

28.89%

Property prices in Melksham increased by 28.89% 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 Melksham Over the Last Year

4.69%

Property prices in Melksham increased by 4.69% 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.

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).

Property Market Heat Gauge for Melksham - 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 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer 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 Melksham

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 Melksham

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 Melksham

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 Melksham since 1995

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

Recent Property Sales in Melksham

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
19 Waverley Gardens, Melksham, Wiltshire, SN12 6AL£315,000£300,000-£15,00014 Dec 202315 Mar 202492 Days
Flat 19, Crown House, Market Place, Melksham, Wiltshire, SN12 6ES£124,950£123,000-£1,95019 Jul 202306 Mar 2024231 Days
49 Church Lane, Melksham, Wiltshire, SN12 7EQ£447,500£435,000-£12,50009 Mar 202321 Feb 2024349 Days
9 Vincent Close, Melksham, Wiltshire, SN12 7HZ£240,000£235,000-£5,00026 Oct 202309 Feb 2024106 Days
5 Fullers Close, Melksham, Wiltshire, SN12 7BX£250,000£220,000-£30,00002 Aug 202302 Feb 2024184 Days
20 Spa Road, Melksham, Wiltshire, SN12 7NS£240,000£235,000-£5,00015 Sep 202326 Jan 2024133 Days
20 Queensway, Melksham, Wiltshire, SN12 7LB£270,000£270,000£0003 Aug 202312 Jan 2024162 Days
32 Burnet Close, Melksham, Wiltshire, SN12 7SJ£250,000£250,000£0015 Aug 202312 Jan 2024150 Days
3 The Close, Melksham, Wiltshire, SN12 6AG£260,000£250,000-£10,00029 Jul 202312 Jan 2024167 Days
2 Sarum Avenue, Melksham, Wiltshire, SN12 6BL£380,000£346,974-£33,02630 Aug 202319 Dec 2023111 Days
13 Longford Road, Melksham, Wiltshire, SN12 6DH£300,000£291,000-£9,00003 Jul 202319 Dec 2023169 Days
3 Canon Square, Melksham, Wiltshire, SN12 6LX£385,000£385,000£0001 Aug 202314 Dec 2023135 Days
33 Primrose Drive, Melksham, Wiltshire, SN12 6GD£250,000£235,000-£15,00020 Jul 202308 Dec 2023141 Days
55 Longford Road, Melksham, Wiltshire, SN12 6AU£325,000£322,500-£2,50028 Apr 202305 Dec 2023221 Days
52 West End, Melksham, Wiltshire, SN12 6HJ£350,000£330,000-£20,00009 Aug 202304 Dec 2023117 Days
3 Union Street, Melksham, Wiltshire, SN12 7PR£205,000£200,000-£5,00020 Jun 202330 Nov 2023163 Days
47 Foundry Close, Melksham, Wiltshire, SN12 8FD£290,000£277,000-£13,00022 May 202327 Nov 2023189 Days
34 Kenilworth Gardens, Melksham, Wiltshire, SN12 6AF£300,000£295,000-£5,00017 Apr 202324 Nov 2023221 Days
43 Daisy Close, Melksham, Wiltshire, SN12 6FZ£300,000£295,000-£5,00017 Apr 202324 Nov 2023221 Days
8 Murray Walk, Melksham, Wiltshire, SN12 7AZ£325,000£315,000-£10,00006 Sep 202317 Nov 202372 Days

Most Expensive Streets in Melksham

PostcodeStreetAreaAverageNo. of Sales
SN12 7RFWoodrow RoadForest£506,0004
SN12 7BHSandridge RoadMelksham£462,8336
SN12 7FXThyme RoadMelksham£432,0003
SN12 6QLThe SpaMelksham£426,2508
SN12 7BESandridge RoadMelksham£423,3333
SN12 7DZLowbourneMelksham£417,1663
SN12 7SWCornflower WayMelksham£408,6663
SN12 7QWSnarlton LaneMelksham£392,8839
SN12 7BJSandridge RoadMelksham£369,5005
SN12 7FNNightingale CloseMelksham£366,4378

Least Expensive Streets in Melksham

PostcodeStreetAreaAverageNo. of Sales
SN12 7DYGiffords CourtLowbourne£106,58318
SN12 8BSNew Broughton RoadMelksham£110,9005
SN12 6YEPerretts CourtMelksham£111,8333
SN12 6ESCrown HouseMarket Place£119,06918
SN12 7NWThornleighMelksham£122,8539
SN12 7NSSpa RoadMelksham£129,37535
SN12 6LSChurch StreetMelksham£137,2403
SN12 7RTCotswold CloseMelksham£142,6663
SN12 8FETurners CourtMelksham£145,4449
SN12 7GSVerbena CourtMelksham£150,2147

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