1A, CHAPEL LANE, WYMONDHAM, MELTON MOWBRAY, LE14 2AA - £350,000

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

1A CHAPEL LANE is a very small detached house of 88m². It was last sold for £350,000 in February 2021, which was around 3% above the average February 2021 detached price in the Melton local authority area. The most recent EPC inspection was November 2020, where the current energy rating was B, and the potential energy rating was A.

1A CHAPEL LANE Sold Prices

Land registry data shows two sales for 1A CHAPEL 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. One of the two 1A CHAPEL LANE sales was for above the average price, whilst the other was 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
2021 23 FEB	£350,000	£338,788	3% above HPI
2017 21 DEC	£124,300	£292,611	58% below HPI

1A CHAPEL 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 1A CHAPEL LANE sales from December 2017 and February 2021 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 2017 sale was for 58% below the HPI. So the extrapolation line tracks at 58% below the HPI over time, until the February 2021 sale, where it rises to 3% above the HPI. The line then continues to track at 3% above the HPI.

How Large is 1A CHAPEL LANE?

1A CHAPEL LANE is 88m² according to the EPC inspection conducted in November 2020. This puts it in the smallest 20% of detached houses in Wymondham, based on EPC data. The below chart shows the distribution of detached houses by size in Wymondham, and where 1A CHAPEL LANE lies on this distribution: 18% of detached houses are smaller than 1A CHAPEL LANE, and 82% of houses are larger. Note that EPC data is not available for all properties in Wymondham.

1A CHAPEL LANE: Plot and Title Map

1A CHAPEL LANE sits on a plot of roughly 0.099 of an acre, or 401m². The below map shows the location of 1A CHAPEL 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 1A CHAPEL 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 1A CHAPEL LANE?

1A CHAPEL LANE is located in WYMONDHAM, in the LE14 postcode district. The below map shows the position of No. 1A on CHAPEL LANE.