1686, MELTON ROAD, REARSBY, LEICESTER, LE7 4YR - £885,000

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

1686 MELTON ROAD is a very large extended detached house of 272m², built sometime from 2007 onwards. It was last sold for £885,000 in October 2020, which was around 151% above the average October 2020 detached price in the Charnwood local authority area. The most recent EPC inspection was March 2020, where the current energy rating was C, and the potential energy rating was C.

1686 MELTON ROAD Sold Prices

Land registry data shows two sales for 1686 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. One of the two 1686 MELTON ROAD 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
2020 7 OCT	£885,000	£352,292	151% above HPI
2001 1 NOV	£94,000	£136,908	31% below HPI

1686 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 1686 MELTON ROAD sales from November 2001 and October 2020 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 2001 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the October 2020 sale, where it rises to 151% above the HPI. The line then continues to track at 151% above the HPI.

How Large is 1686 MELTON ROAD?

1686 MELTON ROAD is 272m², which includes two extensions, according to the EPC inspection conducted in March 2020. This puts it in the largest 10% of detached houses in Rearsby, based on EPC data. The below chart shows the distribution of detached houses by size in Rearsby, and where 1686 MELTON ROAD lies on this distribution: 95% of detached houses are smaller than 1686 MELTON ROAD, and 5% of houses are larger. Note that EPC data is not available for all properties in Rearsby.

1686 MELTON ROAD: Plot and Title Map

1686 MELTON ROAD sits on a plot of roughly 0.246 of an acre, or 997m². The below map shows the location of 1686 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 1686 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 1686 MELTON ROAD?

1686 MELTON ROAD is located in REARSBY, in the LE7 postcode district. The below map shows the position of No. 1686 on MELTON ROAD.