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Melksham House Prices Melksham House Prices

The average house price in Melksham is £253,479 using HM Land Registry data.

The average property price increased by £60,509 (24.64%) over the last 5 years and increased by £12,124 (4.12%) over the last 12 months.

Over the last year, there were 247 residential property sales – a decrease of 86 transactions (-34.82%) relative to the previous year. The majority of house sales (74) were in the £250,000 - £300,000 range. Then came properties in the £200,000 - £250,000 range, where 52 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 120 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,500 (-2%).

In December 2024, there were 19 new estate agency instructions, 26 agreed home sales and 9 property price reductions.

Postcodes Covered: SN12

5-Year Average Property Prices in Melksham

24.64%

Property prices in Melksham increased by 24.64% 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

4.12%

Property prices in Melksham increased by 4.12% 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 - December 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
6 Lavender Close, Melksham, Wiltshire, SN12 6FW£257,500£250,000-£7,50028 Jun 202422 Nov 2024147 Days
9 Church Walk, Melksham, Wiltshire, SN12 6LY£450,000£440,000-£10,00015 May 202419 Nov 2024188 Days
5 Hornbeam Crescent, Melksham, Wiltshire, SN12 6JE£300,000£300,000£009 May 202418 Nov 2024193 Days
33 Scotland Road, Melksham, Wiltshire, SN12 8AJ£260,000£257,500-£2,50020 Aug 202418 Nov 202490 Days
65 Somerset Crescent, Melksham, Wiltshire, SN12 7LX£220,000£220,000£020 Aug 202414 Nov 202486 Days
65 Primrose Drive, Melksham, Wiltshire, SN12 6GD£190,000£190,000£019 Apr 202414 Nov 2024209 Days
40 Shurnhold, Melksham, Wiltshire, SN12 8DG£450,000£445,000-£5,00001 May 202414 Nov 2024197 Days
34 Marigold Close, Melksham, Wiltshire, SN12 6FT£320,000£308,000-£12,00022 Mar 202408 Nov 2024231 Days
60 Spa Road, Melksham, Wiltshire, SN12 7NY£375,000£365,000-£10,00029 Jul 202408 Nov 2024102 Days
54 Longford Road, Melksham, Wiltshire, SN12 6AU£325,000£325,000£028 Jun 202405 Nov 2024130 Days
44 Mint Grove, Melksham, Wiltshire, SN12 6YN£460,000£445,000-£15,00024 Apr 202404 Nov 2024194 Days
28 Sarum Avenue, Melksham, Wiltshire, SN12 6BN£360,000£358,000-£2,00025 Apr 202401 Nov 2024190 Days
9 New Lawns, Melksham, Wiltshire, SN12 7UB£425,000£420,000-£5,00013 Aug 202430 Oct 202478 Days
17 Sandridge Road, Melksham, Wiltshire, SN12 7BE£625,000£595,000-£30,00012 Jul 202425 Oct 2024105 Days
9 Alder Way, Melksham, Wiltshire, SN12 6UL£230,000£227,000-£3,00012 Jun 202423 Aug 202472 Days
9 Bream Close, Melksham, Wiltshire, SN12 7JX£310,000£295,000-£15,00014 May 202416 Aug 202494 Days
3 Savernake Avenue, Melksham, Wiltshire, SN12 7HA£270,000£265,000-£5,00019 Mar 202413 Aug 2024147 Days
4 Frane Lea Park, Melksham, Wiltshire, SN12 7EL£209,950£205,000-£4,95004 Mar 202413 Aug 2024162 Days
13 Methuen Avenue, Melksham, Wiltshire, SN12 7AQ£285,000£282,000-£3,00025 Jan 202409 Aug 2024197 Days
100 Savernake Avenue, Melksham, Wiltshire, SN12 7HF£295,000£295,000£015 Apr 202407 Aug 2024114 Days

Most Expensive Streets in Melksham

PostcodeStreetAreaAverageNo. of Sales
SN12 7BHSandridge RoadMelksham£462,8336
SN12 7RFWoodrow RoadForest£456,5006
SN12 7QWSnarlton LaneMelksham£450,5756
SN12 7FXThyme RoadMelksham£432,0003
SN12 6QLThe SpaMelksham£430,8336
SN12 7EDLowbourneMelksham£426,6663
SN12 7SWCornflower WayMelksham£421,5004
SN12 7BJSandridge RoadMelksham£377,9166
SN12 7BGSandridge RoadMelksham£371,6663
SN12 7FNNightingale CloseMelksham£366,4378

Least Expensive Streets in Melksham

PostcodeStreetAreaAverageNo. of Sales
SN12 7DYGiffords CourtLowbourne£108,80015
SN12 8BSNew Broughton RoadMelksham£118,6254
SN12 6ESCrown HouseMarket Place£120,95316
SN12 6LGBank StreetMelksham£121,1254
SN12 7NWThornleighMelksham£125,11810
SN12 7NSSpa RoadMelksham£128,04536
SN12 8FETurners CourtMelksham£149,1666
SN12 7GSVerbena CourtMelksham£152,0717
SN12 7RTCotswold CloseMelksham£163,9504
SN12 7PRUnion StreetMelksham£171,15519

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