18, FIRWOOD ROAD, MELTON MOWBRAY, LE13 1SA - £240,000

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

18 FIRWOOD ROAD is a small extended detached house of 90m², built sometime between 1967 and 1975. It was last sold for £240,000 in August 2016, which was around 18% below the average August 2016 detached price in the Melton local authority area. The most recent EPC inspection was December 2015, where the current energy rating was E, and the potential energy rating was C.

18 FIRWOOD ROAD Sold Prices

Land registry data shows two sales for 18 FIRWOOD 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 Melton local authority area for the corresponding sale date. One of the two 18 FIRWOOD ROAD sales was for below the average price, whilst the other was 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
2016 16 AUG	£240,000	£292,095	18% below HPI
1998 11 DEC	£108,000	£94,499	14% above HPI

18 FIRWOOD ROAD 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 two 18 FIRWOOD ROAD sales from December 1998 and August 2016 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 1998 sale was for 14% above the HPI. So the extrapolation line tracks at 14% above the HPI over time, until the August 2016 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might 18 FIRWOOD ROAD be worth now?

18 FIRWOOD ROAD might now be worth an estimated £327,125.

This is based on house price inflation of 36.3%, between August 2016 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 36.3% inflationary increase is applied to the most recent sale price for 18 FIRWOOD ROAD of £240,000 on 16th August 2016. For the value to have increased from £240,000 to £327,125 over the seven years and eight months to December 2024, the following assumptions must hold true:

• The value of 18 FIRWOOD ROAD has moved in line with the HPI for detached houses in the Melton local authority area.
• The August 2016 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of 18 FIRWOOD ROAD has not materially changed since August 2016.

How Large is 18 FIRWOOD ROAD?

18 FIRWOOD ROAD is 90m², which includes one extension, according to the EPC inspection conducted in December 2015. This puts it in the smallest 30% 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 18 FIRWOOD ROAD lies on this distribution: 29% of detached houses houses are smaller than 18 FIRWOOD ROAD, and 70% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

18 FIRWOOD ROAD: Plot and Title Map

18 FIRWOOD ROAD sits on a plot of roughly 0.136 of an acre, or 552m². The below map shows the location of 18 FIRWOOD 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 18 FIRWOOD 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 18 FIRWOOD ROAD?

18 FIRWOOD ROAD is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 18 on FIRWOOD ROAD.