1, KING STREET, NETHER BROUGHTON, MELTON MOWBRAY, LE14 3HA - £387,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

1 KING STREET is a midsized extended detached house of 153m², built sometime between 1900 and 1929, which could now be worth an estimated £491,664. It was last sold for £387,000 in June 2020, which was around 23% above the average June 2020 detached price in the Melton local authority area. The most recent EPC inspection was September 2018, where the current energy rating was E, and the potential energy rating was C.

1 KING STREET Sold Prices

Land registry data shows three sales for 1 KING STREET since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Melton local authority area for the corresponding sale date. Two of the three 1 KING STREET sales were for above the average price, whilst one was for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2020 26 JUN	£387,000	£313,379	23% above HPI
2002 28 FEB	£205,000	£144,545	42% above HPI
1998 22 JUL	£62,500	£99,143	37% below HPI

1 KING STREET Price Paid vs. HPI Average

The below graph shows the average detached house price in the Melton local authority area over time, sourced from the HPI. The three 1 KING STREET sales between July 1998 and June 2020 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the February 2002 sale was for 42% above the HPI. So the extrapolation line tracks at 42% above the HPI over time, until the June 2020 sale, where it falls to 23% above the HPI. The line then continues to track at 23% above the HPI.

What might 1 KING STREET be worth now?

1 KING STREET might now be worth an estimated £491,664.

This is based on house price inflation of 27%, between June 2020 and December 2024, for detached houses, in the Melton local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 27% inflationary increase is applied to the most recent sale price for 1 KING STREET of £387,000 on 26th June 2020. For the value to have increased from £387,000 to £491,664 over the three years and six months to December 2024, the following assumptions must hold true:

• The value of 1 KING STREET has moved in line with the HPI for detached houses in the Melton local authority area.
• The June 2020 sale price of £387,000 represented a fair market value for the property.
• The size, condition, and specification of 1 KING STREET has not materially changed since June 2020.

How Large is 1 KING STREET?

1 KING STREET is 153m², which includes one extension, according to the EPC inspection conducted in September 2018. This puts it in the largest 50% of detached houses houses in Nether Broughton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Nether Broughton, and where 1 KING STREET lies on this distribution: 51% of detached houses houses are smaller than 1 KING STREET, and 49% of houses are larger. Note that EPC data is not available for all properties in Nether Broughton.

1 KING STREET: Plot and Title Map

1 KING STREET sits on a plot of roughly 0.132 of an acre, or 535m². The below map shows the location of 1 KING STREET, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 1 KING STREET). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 1 KING STREET?

1 KING STREET is located in NETHER BROUGHTON, in the LE14 postcode district. The below map shows the position of No. 1 on KING STREET.