17, REDWOOD AVENUE, MELTON MOWBRAY, LE13 1TZ - £185,500

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

17 REDWOOD AVENUE is a very small semi-detached house of 63m², built sometime between 1950 and 1966, which could now be worth an estimated £242,382. It was last sold for £185,500 in June 2017, which was about the average June 2017 semi-detached price in the Melton local authority area. The most recent EPC inspection was January 2017, where the current energy rating was C, and the potential energy rating was B.

17 REDWOOD AVENUE Sold Prices

Land registry data shows two sales for 17 REDWOOD AVENUE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Melton local authority area for the corresponding sale date. One of the two 17 REDWOOD AVENUE sales was roughly equal to 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
2017 2 JUN	£185,500	£185,318	Close to HPI
1996 30 DEC	£52,750	£53,207	1% below HPI

17 REDWOOD AVENUE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Melton local authority area over time, sourced from the HPI. The two 17 REDWOOD AVENUE sales from December 1996 and June 2017 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 1996 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the June 2017 sale, where it rises to roughly the same level as the HPI. The line then continues to track in line with the HPI.

What might 17 REDWOOD AVENUE be worth now?

17 REDWOOD AVENUE might now be worth an estimated £242,382.

This is based on house price inflation of 30.7%, between June 2017 and March 2025, for semi-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 30.7% inflationary increase is applied to the most recent sale price for 17 REDWOOD AVENUE of £185,500 on 2nd June 2017. For the value to have increased from £185,500 to £242,382 over the eight years and three months to March 2025, the following assumptions must hold true:

• The value of 17 REDWOOD AVENUE has moved in line with the HPI for semi-detached houses in the Melton local authority area.
• The June 2017 sale price of £185,500 represented a fair market value for the property.
• The size, condition, and specification of 17 REDWOOD AVENUE has not materially changed since June 2017.

How Large is 17 REDWOOD AVENUE?

17 REDWOOD AVENUE is 63m² according to the EPC inspection conducted in January 2017. This puts it in the smallest 10% of semi-detached houses houses in Melton Mowbray, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Melton Mowbray, and where 17 REDWOOD AVENUE lies on this distribution: 4% of semi-detached houses houses are smaller than 17 REDWOOD AVENUE, and 96% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

17 REDWOOD AVENUE: Plot and Title Map

17 REDWOOD AVENUE sits on a plot of roughly 0.072 of an acre, or 291m². The below map shows the location of 17 REDWOOD 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 17 REDWOOD 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 17 REDWOOD AVENUE?

17 REDWOOD AVENUE is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 17 on REDWOOD AVENUE.