18, STATION LANE, ASFORDBY, MELTON MOWBRAY, LE14 3SL - £220,000

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

18 STATION LANE is a small extended detached house of 88m², built sometime between 1983 and 1990. It was last sold for £220,000 in February 2019, which was around 30% below the average February 2019 detached price in the Melton local authority area. The most recent EPC inspection was July 2015, where the current energy rating was D, and the potential energy rating was B.

18 STATION LANE Sold Prices

Land registry data shows two sales for 18 STATION LANE 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. Both of the two 18 STATION LANE 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
2019 1 FEB	£220,000	£312,417	30% below HPI
2014 11 APR	£145,000	£239,265	39% below HPI

18 STATION LANE 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 STATION LANE sales from April 2014 and February 2019 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 April 2014 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the February 2019 sale, where it rises to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is 18 STATION LANE?

18 STATION LANE is 88m², which includes one extension, according to the EPC inspection conducted in July 2015. This puts it in the smallest 40% of detached houses in Asfordby, based on EPC data. The below chart shows the distribution of detached houses by size in Asfordby, and where 18 STATION LANE lies on this distribution: 33% of detached houses are smaller than 18 STATION LANE, and 63% of houses are larger. Note that EPC data is not available for all properties in Asfordby.

18 STATION LANE: Plot and Title Map

18 STATION LANE sits on a plot of roughly 0.055 of an acre, or 222m². The below map shows the location of 18 STATION LANE, 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 STATION LANE). 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 STATION LANE?

18 STATION LANE is located in ASFORDBY, in the LE14 postcode district. The below map shows the position of No. 18 on STATION LANE.