157A, NOTTINGHAM ROAD, MELTON MOWBRAY, LE13 0NR - £270,000

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

157A NOTTINGHAM ROAD is a small detached house of 90m², built sometime between 1900 and 1929. It was last sold for £270,000 in January 2024, which was around 28% below the average January 2024 detached price in the Melton local authority area. The most recent EPC inspection was November 2022, where the current energy rating was D, and the potential energy rating was B.

157A NOTTINGHAM ROAD Sold Prices

Land registry data shows four sales for 157A NOTTINGHAM ROAD 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 157A NOTTINGHAM 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
2024 31 JAN	£270,000	£373,625	28% below HPI
2018 23 NOV	£230,000	£314,446	27% below HPI
2015 22 APR	£186,000	£261,119	29% below HPI
2000 11 SEP	£98,000	£121,085	19% below HPI

157A NOTTINGHAM ROAD 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 157A NOTTINGHAM ROAD sales between September 2000 and January 2024 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 November 2018 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the January 2024 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

What might 157A NOTTINGHAM ROAD be worth now?

157A NOTTINGHAM ROAD might now be worth an estimated £287,710.

This is based on house price inflation of 6.6%, between January 2024 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 6.6% inflationary increase is applied to the most recent sale price for 157A NOTTINGHAM ROAD of £270,000 on 31st January 2024. For the value to have increased from £270,000 to £287,710 over the one month to December 2024, the following assumptions must hold true:

• The value of 157A NOTTINGHAM ROAD has moved in line with the HPI for detached houses in the Melton local authority area.
• The January 2024 sale price of £270,000 represented a fair market value for the property.
• The size, condition, and specification of 157A NOTTINGHAM ROAD has not materially changed since January 2024.

How Large is 157A NOTTINGHAM ROAD?

157A NOTTINGHAM ROAD is 90m² according to the EPC inspection conducted in November 2022. This puts it in the smallest 30% 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 157A NOTTINGHAM ROAD lies on this distribution: 29% of detached houses houses are smaller than 157A NOTTINGHAM ROAD, and 70% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

157A NOTTINGHAM ROAD: Plot and Title Map

157A NOTTINGHAM ROAD sits on a plot of roughly 0.126 of an acre, or 510m². The below map shows the location of 157A NOTTINGHAM 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 157A NOTTINGHAM 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 157A NOTTINGHAM ROAD?

157A NOTTINGHAM ROAD is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 157A on NOTTINGHAM ROAD.