1, TOFTS HILL, STATHERN, MELTON MOWBRAY, LE14 4HU - £229,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

1 TOFTS HILL is a very small detached house of 58m², built sometime between 1991 and 1995, which could now be worth an estimated £279,134. It was last sold for £229,000 in August 2019, which was around 30% below the average August 2019 detached price in the Melton local authority area. The most recent EPC inspection was November 2016, where the current energy rating was D, and the potential energy rating was A.

1 TOFTS HILL Sold Prices

Land registry data shows three sales for 1 TOFTS HILL 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. All of the three 1 TOFTS HILL sales were 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
2019 23 AUG	£229,000	£327,807	30% below HPI
2018 12 NOV	£222,500	£314,446	29% below HPI
2017 10 MAR	£200,000	£310,072	35% below HPI

1 TOFTS HILL 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 TOFTS HILL sales between March 2017 and August 2019 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 November 2018 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the August 2019 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

What might 1 TOFTS HILL be worth now?

1 TOFTS HILL might now be worth an estimated £279,134.

This is based on house price inflation of 21.9%, between August 2019 and February 2025, 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 21.9% inflationary increase is applied to the most recent sale price for 1 TOFTS HILL of £229,000 on 23rd August 2019. For the value to have increased from £229,000 to £279,134 over the six years and six months to February 2025, the following assumptions must hold true:

• The value of 1 TOFTS HILL has moved in line with the HPI for detached houses in the Melton local authority area.
• The August 2019 sale price of £229,000 represented a fair market value for the property.
• The size, condition, and specification of 1 TOFTS HILL has not materially changed since August 2019.

How Large is 1 TOFTS HILL?

1 TOFTS HILL is 58m² according to the EPC inspection conducted in November 2016. This puts it in the smallest 10% of detached houses houses in Stathern, based on EPC data. The below chart shows the distribution of detached houses houses by size in Stathern, and where 1 TOFTS HILL lies on this distribution: Less than 1% of detached houses houses are smaller than 1 TOFTS HILL, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Stathern.

1 TOFTS HILL: Plot and Title Map

1 TOFTS HILL sits on a plot of roughly 0.069 of an acre, or 278m². The below map shows the location of 1 TOFTS HILL, 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 TOFTS HILL). 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 TOFTS HILL?

1 TOFTS HILL is located in STATHERN, in the LE14 postcode district. The below map shows the position of No. 1 on TOFTS HILL.