170, REDWOOD AVENUE, MELTON MOWBRAY, LE13 1UF - £340,000

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.

170 REDWOOD AVENUE is a very large extended detached house of 160m², built sometime between 1967 and 1975, which could now be worth an estimated £408,852. It was last sold for £340,000 in August 2018, which was around 2% above the average August 2018 detached price in the Melton local authority area. The most recent EPC inspection was May 2016, where the current energy rating was D, and the potential energy rating was C.

170 REDWOOD AVENUE Sold Prices

Land registry data shows three sales for 170 REDWOOD 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 170 REDWOOD 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
2018 24 AUG	£340,000	£332,283	2% above HPI
2004 23 JAN	£235,000	£205,651	14% above HPI
2002 21 JUN	£166,000	£159,288	4% above HPI

170 REDWOOD 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 170 REDWOOD AVENUE sales between June 2002 and August 2018 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 January 2004 sale was for 14% above the HPI. So the extrapolation line tracks at 14% above the HPI over time, until the August 2018 sale, where it falls to 2% above the HPI. The line then continues to track at 2% above the HPI.

What might 170 REDWOOD AVENUE be worth now?

170 REDWOOD AVENUE might now be worth an estimated £408,852.

This is based on house price inflation of 20.3%, between August 2018 and February 2025, 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 20.3% inflationary increase is applied to the most recent sale price for 170 REDWOOD AVENUE of £340,000 on 24th August 2018. For the value to have increased from £340,000 to £408,852 over the seven years and six months to February 2025, the following assumptions must hold true:

• The value of 170 REDWOOD AVENUE has moved in line with the HPI for detached houses in the Melton local authority area.
• The August 2018 sale price of £340,000 represented a fair market value for the property.
• The size, condition, and specification of 170 REDWOOD AVENUE has not materially changed since August 2018.

How Large is 170 REDWOOD AVENUE?

170 REDWOOD AVENUE is 160m², which includes one extension, according to the EPC inspection conducted in May 2016. This puts it in the largest 20% 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 170 REDWOOD AVENUE lies on this distribution: 89% of detached houses houses are smaller than 170 REDWOOD AVENUE, and 11% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

170 REDWOOD AVENUE: Plot and Title Map

170 REDWOOD AVENUE sits on a plot of roughly 0.177 of an acre, or 716m². The below map shows the location of 170 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 170 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 170 REDWOOD AVENUE?

170 REDWOOD AVENUE is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 170 on REDWOOD AVENUE.