2, GLOUCESTER CRESCENT, MELTON MOWBRAY, LE13 0AQ - £360,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

2 GLOUCESTER CRESCENT is a very large extended detached house of 167m², built sometime between 1950 and 1966, which could now be worth an estimated £473,958. It was last sold for £360,000 in December 2017, which was around 19% above the average December 2017 detached price in the Melton local authority area. The most recent EPC inspection was June 2017, where the current energy rating was C, and the potential energy rating was B.

2 GLOUCESTER CRESCENT Sold Prices

Land registry data shows two sales for 2 GLOUCESTER CRESCENT 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 2 GLOUCESTER CRESCENT 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
2017 14 DEC	£360,000	£303,499	19% above HPI
2011 27 MAY	£153,000	£234,873	35% below HPI

2 GLOUCESTER CRESCENT 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 2 GLOUCESTER CRESCENT sales from May 2011 and December 2017 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 2011 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the December 2017 sale, where it rises to 19% above the HPI. The line then continues to track at 19% above the HPI.

What might 2 GLOUCESTER CRESCENT be worth now?

2 GLOUCESTER CRESCENT might now be worth an estimated £473,958.

This is based on house price inflation of 31.7%, between December 2017 and February 2025, 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 31.7% inflationary increase is applied to the most recent sale price for 2 GLOUCESTER CRESCENT of £360,000 on 14th December 2017. For the value to have increased from £360,000 to £473,958 over the eight years and ten months to February 2025, the following assumptions must hold true:

• The value of 2 GLOUCESTER CRESCENT has moved in line with the HPI for detached houses in the Melton local authority area.
• The December 2017 sale price of £360,000 represented a fair market value for the property.
• The size, condition, and specification of 2 GLOUCESTER CRESCENT has not materially changed since December 2017.

How Large is 2 GLOUCESTER CRESCENT?

2 GLOUCESTER CRESCENT is 167m², which includes two extensions, according to the EPC inspection conducted in June 2017. This puts it in the largest 10% 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 2 GLOUCESTER CRESCENT lies on this distribution: 91% of detached houses houses are smaller than 2 GLOUCESTER CRESCENT, and 8% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

2 GLOUCESTER CRESCENT: Plot and Title Map

2 GLOUCESTER CRESCENT sits on a plot of roughly 0.112 of an acre, or 455m². The below map shows the location of 2 GLOUCESTER CRESCENT, 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 2 GLOUCESTER CRESCENT). 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 2 GLOUCESTER CRESCENT?

2 GLOUCESTER CRESCENT is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 2 on GLOUCESTER CRESCENT.