13, LILAC WAY, MELTON MOWBRAY, LE13 0PJ - £195,000

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

13 LILAC WAY is a very small extended detached house of 80m², built sometime between 1983 and 1990. It was last sold for £195,000 in December 2017, which was around 36% below the average December 2017 detached price in the Melton local authority area. The most recent EPC inspection was November 2016, where the current energy rating was C, and the potential energy rating was B.

13 LILAC WAY Sold Prices

Land registry data shows four sales for 13 LILAC WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Melton local authority area for the corresponding sale date. All of the four 13 LILAC WAY 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
2017 11 DEC	£195,000	£303,499	36% below HPI
2007 3 SEP	£189,000	£275,061	31% below HPI
2001 30 MAY	£91,000	£130,690	30% below HPI
1997 2 MAY	£59,950	£87,726	32% below HPI

13 LILAC WAY 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 four 13 LILAC WAY sales between May 1997 and December 2017 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 September 2007 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the December 2017 sale, where it falls to 36% below the HPI. The line then continues to track at 36% below the HPI.

What might 13 LILAC WAY be worth now?

13 LILAC WAY might now be worth an estimated £255,802.

This is based on house price inflation of 31.2%, between December 2017 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 31.2% inflationary increase is applied to the most recent sale price for 13 LILAC WAY of £195,000 on 11th December 2017. For the value to have increased from £195,000 to £255,802 over the seven years to December 2024, the following assumptions must hold true:

• The value of 13 LILAC WAY has moved in line with the HPI for detached houses in the Melton local authority area.
• The December 2017 sale price of £195,000 represented a fair market value for the property.
• The size, condition, and specification of 13 LILAC WAY has not materially changed since December 2017.

How Large is 13 LILAC WAY?

13 LILAC WAY is 80m², which includes one extension, according to the EPC inspection conducted in November 2016. This puts it in the smallest 20% 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 13 LILAC WAY lies on this distribution: 14% of detached houses houses are smaller than 13 LILAC WAY, and 85% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

13 LILAC WAY: Plot and Title Map

13 LILAC WAY sits on a plot of roughly 0.065 of an acre, or 262m². The below map shows the location of 13 LILAC WAY, 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 13 LILAC WAY). 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 13 LILAC WAY?

13 LILAC WAY is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 13 on LILAC WAY.