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House Prices in SN12

The average house price in SN12 (Melksham) is £341,750 using HM Land Registry data.

The average property price increased by £72,549 (16.1%) over the last 5 years and increased by £14,503 (2.6%) over the last 12 months.

Over the last year, there were 337 residential property sales – a decrease of 142 transactions (-42.14%) relative to the previous year. The majority of house sales (87) were in the £234,000 - £288,000 range. Then came properties in the £288,000 - £342,000 range, where 73 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 40 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-8,042 (-2%).

In June 2024, there were 59 new estate agency instructions, 53 agreed home sales and 26 property price reductions.

5-Year Average Property Prices in SN12 (Melksham)

16.1%

Property prices in Melksham increased by 16.1% 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 SN12 (Melksham) Over the Last Year

2.6%

Property prices in Melksham increased by 2.6% 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 SN12 (Melksham) - June 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 21 to 40 days, the broad evidence suggests that properties are selling reasonably quickly after being initially advertised and the market is reasonably healthy. If you are prepared to wait to up to 6 weeks, and you are sure that your property is priced realistically, you should get an offer within this timeframe.

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 SN12 (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 SN12 (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 SN12 (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 SN12 (Melksham) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the SN12 postcode area since 1995.

Recent Sales in SN12 (Melksham)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
21 Sherwood Avenue, Melksham, Wiltshire, SN12 7HJ	£285,000	£272,500	-£12,500	22 Sep 2023	15 May 2024	236 Days
13 West End, Melksham, Wiltshire, SN12 6HJ	£450,000	£445,000	-£5,000	17 Jan 2024	14 May 2024	118 Days
7 Valiant Close, Bowerhill, Melksham, Wiltshire, SN12 6SW	£375,000	£365,000	-£10,000	18 Oct 2023	10 May 2024	205 Days
43 Foresters Park Road, Melksham, Wiltshire, SN12 7RW	£279,995	£274,000	-£5,995	04 Dec 2023	10 May 2024	158 Days
36 Tower Road, Melksham, Wiltshire, SN12 7JG	£240,000	£235,000	-£5,000	24 Aug 2023	26 Apr 2024	246 Days
32 Meadowsweet Place, Melksham, Wiltshire, SN12 7GW	£174,950	£170,000	-£4,950	16 Jan 2009	23 Apr 2024	5576 Days
96 Savernake Avenue, Melksham, Wiltshire, SN12 7HF	£420,000	£400,000	-£20,000	24 Aug 2023	22 Apr 2024	242 Days
32 Savernake Avenue, Melksham, Wiltshire, SN12 7HB	£255,000	£253,000	-£2,000	17 Nov 2023	22 Apr 2024	157 Days
34 Bader Park, Bowerhill, Melksham, Wiltshire, SN12 6UF	£295,000	£270,000	-£25,000	26 Oct 2023	19 Mar 2024	145 Days
19 Waverley Gardens, Melksham, Wiltshire, SN12 6AL	£315,000	£300,000	-£15,000	14 Dec 2023	15 Mar 2024	92 Days
The Laurels, Shurnhold House, Shurnhold, Melksham, Wiltshire, SN12 8DG	£425,000	£409,750	-£15,250	11 Jul 2023	14 Mar 2024	247 Days
Flat 19, Crown House, Market Place, Melksham, Wiltshire, SN12 6ES	£124,950	£123,000	-£1,950	19 Jul 2023	06 Mar 2024	231 Days
13 Dial Close, Seend, Melksham, Wiltshire, SN12 6NP	£400,000	£395,000	-£5,000	01 Sep 2023	23 Feb 2024	175 Days
49 Church Lane, Melksham, Wiltshire, SN12 7EQ	£447,500	£435,000	-£12,500	09 Mar 2023	21 Feb 2024	349 Days
9 Vincent Close, Melksham, Wiltshire, SN12 7HZ	£240,000	£235,000	-£5,000	26 Oct 2023	09 Feb 2024	106 Days
5 Fullers Close, Melksham, Wiltshire, SN12 7BX	£250,000	£220,000	-£30,000	02 Aug 2023	02 Feb 2024	184 Days
20 Spa Road, Melksham, Wiltshire, SN12 7NS	£240,000	£235,000	-£5,000	15 Sep 2023	26 Jan 2024	133 Days
3 Martlet Close, Bowerhill, Melksham, Wiltshire, SN12 6XX	£315,000	£307,500	-£7,500	03 Aug 2023	26 Jan 2024	176 Days
3 Shurnhold, Melksham, Wiltshire, SN12 8DD	£260,000	£250,000	-£10,000	05 Sep 2023	26 Jan 2024	143 Days
20 Queensway, Melksham, Wiltshire, SN12 7LB	£270,000	£270,000	£00	03 Aug 2023	12 Jan 2024	162 Days

Most Expensive Streets in SN12 (Melksham)

Postcode	Street	Area	Average	No. of Sales
SN12 8QR	Middle Lane, Whitley	Melksham	£777,500	4
SN12 8JR	Bath Road, Atworth	Melksham	£700,100	5
SN12 8QN	Middle Lane, Whitley	Melksham	£698,333	3
SN12 7PT	Beanacre	Melksham	£692,500	6
SN12 8HZ	Bradford Road, Atworth	Melksham	£667,666	3
SN12 8QL	Top Lane, Whitley	Melksham	£641,000	5
SN12 6NR	High Street, Seend	Melksham	£599,000	4
SN12 6PX	Seend Cleeve	Melksham	£597,500	4
SN12 7RB	Lower Woodrow, Forest	Melksham	£593,333	3
SN12 6RA	Bowerhill Lane, Bowerhill	Melksham	£588,333	3

Least Expensive Streets in SN12 (Melksham)

Postcode	Street	Area	Average	No. of Sales
SN12 7DY	Giffords Court, Lowbourne	Melksham	£107,000	17
SN12 8BS	New Broughton Road	Melksham	£118,625	4
SN12 6ES	Crown House, Market Place	Melksham	£120,250	17
SN12 6LG	Bank Street	Melksham	£121,125	4
SN12 7NW	Thornleigh	Melksham	£122,897	8
SN12 7NS	Spa Road	Melksham	£127,017	37
SN12 7RT	Cotswold Close	Melksham	£142,666	3
SN12 8FE	Turners Court	Melksham	£147,777	9
SN12 7GS	Verbena Court	Melksham	£150,214	7
SN12 7PR	Union Street	Melksham	£158,312	19