138, REDWOOD AVENUE, MELTON MOWBRAY, LE13 1UF - £225,000

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

138 REDWOOD AVENUE is a very small detached house of 74m², built sometime between 1983 and 1990, which could now be worth an estimated £374,090. It was last sold for £225,000 in August 2013, which was around 6% below the average August 2013 detached price in the Melton local authority area. The most recent EPC inspection was January 2025, where the current energy rating was D, and the potential energy rating was B.

138 REDWOOD AVENUE Sold Prices

Land registry data shows two sales for 138 REDWOOD AVENUE 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 138 REDWOOD AVENUE 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
2013 23 AUG	£225,000	£239,460	6% below HPI
2004 24 MAY	£165,000	£213,541	23% below HPI

138 REDWOOD AVENUE 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 138 REDWOOD AVENUE sales from May 2004 and August 2013 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 May 2004 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the August 2013 sale, where it rises to 6% below the HPI. The line then continues to track at 6% below the HPI.

What might 138 REDWOOD AVENUE be worth now?

138 REDWOOD AVENUE might now be worth an estimated £374,090.

This is based on house price inflation of 66.3%, between August 2013 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 66.3% inflationary increase is applied to the most recent sale price for 138 REDWOOD AVENUE of £225,000 on 23rd August 2013. For the value to have increased from £225,000 to £374,090 over the ten years and eight months to December 2024, the following assumptions must hold true:

• The value of 138 REDWOOD AVENUE has moved in line with the HPI for detached houses in the Melton local authority area.
• The August 2013 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of 138 REDWOOD AVENUE has not materially changed since August 2013.

How Large is 138 REDWOOD AVENUE?

138 REDWOOD AVENUE is 74m² according to the EPC inspection conducted in January 2025. This puts it in the smallest 10% 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 138 REDWOOD AVENUE lies on this distribution: 9% of detached houses houses are smaller than 138 REDWOOD AVENUE, and 91% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

138 REDWOOD AVENUE: Plot and Title Map

138 REDWOOD AVENUE sits on a plot of roughly 0.108 of an acre, or 438m². The below map shows the location of 138 REDWOOD AVENUE, 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 138 REDWOOD AVENUE). 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 138 REDWOOD AVENUE?

138 REDWOOD AVENUE is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 138 on REDWOOD AVENUE.