2, GRANVILLE ROAD, MELTON MOWBRAY, LE13 0SN - £255,000

Based on the June 2024 Price Paid Data (released on 26 July 2024), the May 2024 House Price Index (released on 17 July 2024), and the June 2024 Energy Performance of Buildings Data (released on 25 July 2024). Sources

2 GRANVILLE ROAD is a small extended detached house of 90m², built sometime between 1950 and 1966. It was last sold for £255,000 in November 2019, which was around 18% below the average November 2019 detached price in the Melton local authority area. The most recent EPC inspection was August 2019, where the current energy rating was C, and the potential energy rating was B.

2 GRANVILLE ROAD Sold Prices

Land registry data shows two sales for 2 GRANVILLE 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. Both of the two 2 GRANVILLE 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
2019 22 NOV	£255,000	£312,369	18% below HPI
2017 22 MAY	£222,500	£293,970	24% below HPI

2 GRANVILLE 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 2 GRANVILLE ROAD sales from May 2017 and November 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 May 2017 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the November 2019 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is 2 GRANVILLE ROAD?

2 GRANVILLE ROAD is 90m², which includes one extension, according to the EPC inspection conducted in August 2019. This puts it in the smallest 30% of detached houses in Melton Mowbray, based on EPC data. The below chart shows the distribution of detached houses by size in Melton Mowbray, and where 2 GRANVILLE ROAD lies on this distribution: 28% of detached houses are smaller than 2 GRANVILLE ROAD, and 71% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

2 GRANVILLE ROAD: Plot and Title Map

2 GRANVILLE ROAD sits on a plot of roughly 0.109 of an acre, or 440m². The below map shows the location of 2 GRANVILLE 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 2 GRANVILLE 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 2 GRANVILLE ROAD?

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