1389, MELTON ROAD, QUENIBOROUGH, LEICESTER, LE7 3FP - £255,000

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

1389 MELTON ROAD is a small extended detached house of 93m², built sometime between 1930 and 1949. It was last sold for £255,000 in September 2019, which was around 24% below the average September 2019 detached price in the Charnwood local authority area. The most recent EPC inspection was November 2017, where the current energy rating was E, and the potential energy rating was B.

1389 MELTON ROAD Sold Prices

Land registry data shows two sales for 1389 MELTON ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Charnwood local authority area for the corresponding sale date. Both of the two 1389 MELTON 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
2019 5 SEP	£255,000	£336,005	24% below HPI
2018 14 DEC	£220,000	£335,202	34% below HPI

1389 MELTON ROAD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Charnwood local authority area over time, sourced from the HPI. The two 1389 MELTON ROAD sales from December 2018 and September 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 December 2018 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the September 2019 sale, where it rises to 24% below the HPI. The line then continues to track at 24% below the HPI.

How Large is 1389 MELTON ROAD?

1389 MELTON ROAD is 93m², which includes three extensions, according to the EPC inspection conducted in November 2017. This puts it in the smallest 30% of detached houses in Queniborough, based on EPC data. The below chart shows the distribution of detached houses by size in Queniborough, and where 1389 MELTON ROAD lies on this distribution: 27% of detached houses are smaller than 1389 MELTON ROAD, and 71% of houses are larger. Note that EPC data is not available for all properties in Queniborough.

1389 MELTON ROAD: Plot and Title Map

1389 MELTON ROAD sits on a plot of roughly 0.105 of an acre, or 425m². The below map shows the location of 1389 MELTON 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 1389 MELTON 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 1389 MELTON ROAD?

1389 MELTON ROAD is located in QUENIBOROUGH, in the LE7 postcode district. The below map shows the position of No. 1389 on MELTON ROAD.