1779, MELTON ROAD, REARSBY, LEICESTER, LE7 4YR - £310,000

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

1779 MELTON ROAD is a large extended detached house of 164m², built sometime between 1930 and 1949. It was last sold for £310,000 in March 2018, which was around 1% below the average March 2018 detached price in the Charnwood local authority area. The most recent EPC inspection was September 2016, where the current energy rating was D, and the potential energy rating was C.

1779 MELTON ROAD Sold Prices

Land registry data shows three sales for 1779 MELTON ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Charnwood local authority area for the corresponding sale date. All of the three 1779 MELTON 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
2018 9 MAR	£310,000	£313,522	1% below HPI
2016 31 AUG	£275,000	£289,896	5% below HPI
1996 21 JUN	£78,500	£80,253	2% below HPI

1779 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 three 1779 MELTON ROAD sales between June 1996 and March 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 August 2016 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the March 2018 sale, where it rises to 1% below the HPI. The line then continues to track at 1% below the HPI.

How Large is 1779 MELTON ROAD?

1779 MELTON ROAD is 164m², which includes one extension, according to the EPC inspection conducted in September 2016. This puts it in the largest 30% of detached houses in Rearsby, based on EPC data. The below chart shows the distribution of detached houses by size in Rearsby, and where 1779 MELTON ROAD lies on this distribution: 74% of detached houses are smaller than 1779 MELTON ROAD, and 26% of houses are larger. Note that EPC data is not available for all properties in Rearsby.

1779 MELTON ROAD: Plot and Title Map

1779 MELTON ROAD sits on a plot of roughly 0.154 of an acre, or 623m². The below map shows the location of 1779 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 1779 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 1779 MELTON ROAD?

1779 MELTON ROAD is located in REARSBY, in the LE7 postcode district. The below map shows the position of No. 1779 on MELTON ROAD.