16, GLADSTONE AVENUE, MELTON MOWBRAY, LE13 0NG - £485,000

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

16 GLADSTONE AVENUE is a very large extended detached house of 194m², built sometime between 1950 and 1966. It was last sold for £485,000 in August 2019, which was around 48% above the average August 2019 detached price in the Melton local authority area. The most recent EPC inspection was November 2018, where the current energy rating was D, and the potential energy rating was C.

16 GLADSTONE AVENUE Sold Prices

Land registry data shows three sales for 16 GLADSTONE AVENUE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Melton local authority area for the corresponding sale date. All of the three 16 GLADSTONE AVENUE sales were for above 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 23 AUG	£485,000	£327,807	48% above HPI
2005 19 DEC	£246,000	£233,117	6% above HPI
1999 22 SEP	£128,000	£102,868	24% above HPI

16 GLADSTONE 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 three 16 GLADSTONE AVENUE sales between September 1999 and August 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 2005 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the August 2019 sale, where it rises to 48% above the HPI. The line then continues to track at 48% above the HPI.

What might 16 GLADSTONE AVENUE be worth now?

16 GLADSTONE AVENUE might now be worth an estimated £589,048.

This is based on house price inflation of 21.5%, between August 2019 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 21.5% inflationary increase is applied to the most recent sale price for 16 GLADSTONE AVENUE of £485,000 on 23rd August 2019. For the value to have increased from £485,000 to £589,048 over the four years and eight months to December 2024, the following assumptions must hold true:

• The value of 16 GLADSTONE AVENUE has moved in line with the HPI for detached houses in the Melton local authority area.
• The August 2019 sale price of £485,000 represented a fair market value for the property.
• The size, condition, and specification of 16 GLADSTONE AVENUE has not materially changed since August 2019.

How Large is 16 GLADSTONE AVENUE?

16 GLADSTONE AVENUE is 194m², which includes two extensions, according to the EPC inspection conducted in November 2018. This puts it in the largest 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 16 GLADSTONE AVENUE lies on this distribution: 96% of detached houses houses are smaller than 16 GLADSTONE AVENUE, and 4% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

16 GLADSTONE AVENUE: Plot and Title Map

16 GLADSTONE AVENUE sits on a plot of roughly 0.259 of an acre, or 1,049m². The below map shows the location of 16 GLADSTONE 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 16 GLADSTONE 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 16 GLADSTONE AVENUE?

16 GLADSTONE AVENUE is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 16 on GLADSTONE AVENUE.