14, CHAPEL LANE, WYMONDHAM, MELTON MOWBRAY, LE14 2AA - £318,000

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

14 CHAPEL LANE is a small extended detached house of 116m², built sometime before 1900. It was last sold for £318,000 in March 2013, which was around 38% above the average March 2013 detached price in the Melton local authority area. The most recent EPC inspection was June 2012, where the current energy rating was D, and the potential energy rating was B.

14 CHAPEL LANE Sold Prices

Land registry data shows two sales for 14 CHAPEL 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. One of the two 14 CHAPEL LANE sales was for above the average price, whilst the other was 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 22 MAR	£318,000	£230,327	38% above HPI
2006 7 APR	£130,000	£216,237	40% below HPI

14 CHAPEL 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 14 CHAPEL LANE sales from April 2006 and March 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 April 2006 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the March 2013 sale, where it rises to 38% above the HPI. The line then continues to track at 38% above the HPI.

How Large is 14 CHAPEL LANE?

14 CHAPEL LANE is 116m², which includes one extension, according to the EPC inspection conducted in June 2012. This puts it in the smallest 40% of detached houses in Wymondham, based on EPC data. The below chart shows the distribution of detached houses by size in Wymondham, and where 14 CHAPEL LANE lies on this distribution: 34% of detached houses are smaller than 14 CHAPEL LANE, and 66% of houses are larger. Note that EPC data is not available for all properties in Wymondham.

14 CHAPEL LANE: Plot and Title Map

14 CHAPEL LANE sits on a plot of roughly 0.134 of an acre, or 544m². The below map shows the location of 14 CHAPEL 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 14 CHAPEL 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 14 CHAPEL LANE?

14 CHAPEL LANE is located in WYMONDHAM, in the LE14 postcode district. The below map shows the position of No. 14 on CHAPEL LANE.