1825, MELTON ROAD, REARSBY, LEICESTER, LE7 4YS - £295,000

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

1825 MELTON ROAD is a small extended detached house of 109m², built sometime before 1900. It was last sold for £295,000 in September 2022, which was around 29% below the average September 2022 detached price in the Charnwood local authority area. The most recent EPC inspection was April 2022, where the current energy rating was D, and the potential energy rating was B.

1825 MELTON ROAD Sold Prices

Land registry data shows two sales for 1825 MELTON 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 Charnwood local authority area for the corresponding sale date. Both of the two 1825 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
2022 23 SEP	£295,000	£413,030	29% below HPI
2002 31 MAY	£129,950	£150,548	14% below HPI

1825 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 two 1825 MELTON ROAD sales from May 2002 and September 2022 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 May 2002 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the September 2022 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

How Large is 1825 MELTON ROAD?

1825 MELTON ROAD is 109m², which includes two extensions, according to the EPC inspection conducted in April 2022. This puts it in the smallest 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 1825 MELTON ROAD lies on this distribution: 30% of detached houses are smaller than 1825 MELTON ROAD, and 70% of houses are larger. Note that EPC data is not available for all properties in Rearsby.

1825 MELTON ROAD: Plot and Title Map

1825 MELTON ROAD sits on a plot of roughly 0.056 of an acre, or 225m². The below map shows the location of 1825 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 1825 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 1825 MELTON ROAD?

1825 MELTON ROAD is located in REARSBY, in the LE7 postcode district. The below map shows the position of No. 1825 on MELTON ROAD.