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

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 TOFTS HILL is a very small detached house of 58m², built sometime between 1991 and 1995. It was last sold for £229,000 in August 2019, which was around 28% 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	£316,048	28% below HPI
2018 12 NOV	£222,500	£303,166	27% below HPI
2017 10 MAR	£200,000	£298,949	33% 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 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the August 2019 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

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 in Stathern, based on EPC data. The below chart shows the distribution of detached houses by size in Stathern, and where 1 TOFTS HILL lies on this distribution: Less than 1% of detached 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.