11, BALMORAL ROAD, MELTON MOWBRAY, LE13 1JN - £230,000

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

11 BALMORAL ROAD is a small extended detached house of 92m², built sometime between 1950 and 1966. It was last sold for £230,000 in November 2018, which was around 27% below the average November 2018 detached price in the Melton local authority area. The most recent EPC inspection was February 2018, where the current energy rating was E, and the potential energy rating was C.

11 BALMORAL ROAD Sold Prices

Land registry data shows three sales for 11 BALMORAL ROAD 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 11 BALMORAL ROAD 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
2018 23 NOV	£230,000	£314,446	27% below HPI
2000 16 MAR	£79,950	£111,363	28% below HPI
1997 2 MAY	£46,000	£87,726	48% below HPI

11 BALMORAL ROAD 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 11 BALMORAL ROAD sales between May 1997 and November 2018 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 March 2000 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the November 2018 sale, where it rises to 27% below the HPI. The line then continues to track at 27% below the HPI.

What might 11 BALMORAL ROAD be worth now?

11 BALMORAL ROAD might now be worth an estimated £291,212.

This is based on house price inflation of 26.6%, between November 2018 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 26.6% inflationary increase is applied to the most recent sale price for 11 BALMORAL ROAD of £230,000 on 23rd November 2018. For the value to have increased from £230,000 to £291,212 over the five years and eleven months to December 2024, the following assumptions must hold true:

• The value of 11 BALMORAL ROAD has moved in line with the HPI for detached houses in the Melton local authority area.
• The November 2018 sale price of £230,000 represented a fair market value for the property.
• The size, condition, and specification of 11 BALMORAL ROAD has not materially changed since November 2018.

How Large is 11 BALMORAL ROAD?

11 BALMORAL ROAD is 92m², which includes two extensions, according to the EPC inspection conducted in February 2018. This puts it in the smallest 40% of detached houses houses in Melton Mowbray, based on EPC data. The below chart shows the distribution of detached houses houses by size in Melton Mowbray, and where 11 BALMORAL ROAD lies on this distribution: 32% of detached houses houses are smaller than 11 BALMORAL ROAD, and 67% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

11 BALMORAL ROAD: Plot and Title Map

11 BALMORAL ROAD sits on a plot of roughly 0.065 of an acre, or 263m². The below map shows the location of 11 BALMORAL ROAD, 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 11 BALMORAL ROAD). 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 11 BALMORAL ROAD?

11 BALMORAL ROAD is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 11 on BALMORAL ROAD.