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Melbourn House Prices

The average house price in Melbourn is £500,250 using HM Land Registry data.

The average property price increased by £50,108 (11.2%) over the last 5 years and increased by £10,017 (2.05%) over the last 12 months.

Over the last year, there were 56 residential property sales – a decrease of 55 transactions (-98.21%) 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 12 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 100 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-11,955 (-2%).

In Oct 24, there were new estate agency instructions, agreed home sales and property price reductions.

5-Year Average Property Prices in Melbourn

11.2%

Property prices in Melbourn increased by 11.2% 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

2.05%

Property prices in Melbourn increased by 2.05% 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 - Oct 24

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 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 Chalkhill Barrow, Melbourn, Royston, Cambridgeshire, SG8 6EQ	£360,000	£348,000	-£12,000	05 Mar 2024	05 Aug 2024	153 Days
145 High Street, Melbourn, Royston, Cambridgeshire, SG8 6AR	£600,000	£575,500	-£24,500	16 Jan 2024	01 Aug 2024	198 Days
27a, Fordham Way, Melbourn, Royston, Cambridgeshire, SG8 6JA	£375,000	£375,000	£00	25 Jun 2018	26 Apr 2024	2132 Days
14 Cambridge Road, Melbourn, Royston, Cambridgeshire, SG8 6HA	£450,000	£410,000	-£40,000	20 Sep 2023	05 Apr 2024	198 Days
3 Hinkins Close, Melbourn, Royston, Cambridgeshire, SG8 6JL	£315,000	£306,000	-£9,000	17 Oct 2023	04 Apr 2024	170 Days
9 Bramley Avenue, Melbourn, Royston, Cambridgeshire, SG8 6HG	£365,000	£348,000	-£17,000	08 Sep 2023	22 Mar 2024	196 Days
7 Haggers Close, Melbourn, Royston, Cambridgeshire, SG8 6HY	£375,000	£368,000	-£7,000	07 Nov 2023	01 Mar 2024	115 Days
3 Meeting Lane, Melbourn, Royston, Cambridgeshire, SG8 6AN	£575,000	£545,000	-£30,000	28 Sep 2023	12 Jan 2024	106 Days
42 Orchard Road, Melbourn, Royston, Cambridgeshire, SG8 6BT	£365,000	£358,000	-£7,000	04 Jul 2023	15 Dec 2023	164 Days
11 Beeton Close, Melbourn, Royston, Cambridgeshire, SG8 6HN	£250,000	£247,000	-£3,000	17 Aug 2023	13 Dec 2023	118 Days
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
66 High Street, Melbourn, Royston, Cambridgeshire, SG8 6AJ	£545,000	£460,000	-£85,000	11 Nov 2022	15 Sep 2023	308 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

Most Expensive Streets in Melbourn

Postcode	Street	Area	Average	No. of Sales
SG8 6AR	High Street	Melbourn	£736,125	4
SG8 6FE	Victoria Way	Melbourn	£697,888	18
SG8 6DT	Thatcher Stanfords Close	Melbourn	£687,500	6
SG8 6BA	The Lawns	Melbourn	£677,500	5
SG8 6FW	Clover Way	Melbourn	£675,955	23
SG8 6AE	Dolphin Lane	Melbourn	£667,818	11
SG8 6FZ	Daffodil Close	Melbourn	£623,874	8
SG8 6GH	Rosemary Place	Melbourn	£621,250	14
SG8 6BX	New Road	Melbourn	£603,750	12
SG8 6AA	High Street	Melbourn	£593,333	3

Least Expensive Streets in Melbourn

Postcode	Street	Area	Average	No. of Sales
SG8 6FS	Star Mews	Melbourn	£159,166	3
SG8 6FY	Hyacinth Drive	Melbourn	£181,500	4
SG8 6FL	The Moor	Melbourn	£261,666	3
SG8 6HW	Ogden Close	Melbourn	£266,000	4
SG8 6HN	Beeton Close	Melbourn	£272,166	6
SG8 6HF	Russet Way	Melbourn	£279,083	12
SG8 6FB	Rupert Neve Close	Melbourn	£280,375	4
SG8 6FF	Moorlands Close	Melbourn	£291,500	5
SG8 6HA	Cambridge Road	Melbourn	£305,000	3
SG8 6HG	Bramley Avenue	Melbourn	£330,500	10