114, WELBY LANE, MELTON MOWBRAY, LE13 0TD - £148,500

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

114 WELBY LANE is a large extended detached house of 121m², built sometime between 1967 and 1975. It was last sold for £148,500 in March 2010, which was around 34% below the average March 2010 detached price in the Melton local authority area. The most recent EPC inspection was December 2009, where the current energy rating was E, and the potential energy rating was D.

114 WELBY LANE Sold Prices

Land registry data shows two sales for 114 WELBY LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Melton local authority area for the corresponding sale date. Both of the two 114 WELBY LANE 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
2010 8 MAR	£148,500	£225,565	34% below HPI
2004 30 APR	£140,000	£204,499	32% below HPI

114 WELBY LANE 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 two 114 WELBY LANE sales from April 2004 and March 2010 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 April 2004 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the March 2010 sale, where it falls to 34% below the HPI. The line then continues to track at 34% below the HPI.

How Large is 114 WELBY LANE?

114 WELBY LANE is 121m², which includes two extensions, according to the EPC inspection conducted in December 2009. This puts it in the largest 40% of detached houses in Melton Mowbray, based on EPC data. The below chart shows the distribution of detached houses by size in Melton Mowbray, and where 114 WELBY LANE lies on this distribution: 64% of detached houses are smaller than 114 WELBY LANE, and 36% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

114 WELBY LANE: Plot and Title Map

114 WELBY LANE sits on a plot of roughly 0.088 of an acre, or 356m². The below map shows the location of 114 WELBY LANE, 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 114 WELBY LANE). 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 114 WELBY LANE?

114 WELBY LANE is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 114 on WELBY LANE.