2, NEW STREET, SCALFORD, MELTON MOWBRAY, LE14 4DP - £346,500

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

2 NEW STREET is a very small extended detached house of 77m², built sometime between 1930 and 1949. It was last sold for £346,500 in June 2022, which was around 2% below the average June 2022 detached price in the Melton local authority area. The most recent EPC inspection was October 2016, where the current energy rating was G, and the potential energy rating was C.

2 NEW STREET Sold Prices

Land registry data shows two sales for 2 NEW STREET 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 NEW STREET 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 30 JUN	£346,500	£352,953	2% below HPI
2016 26 OCT	£255,000	£281,742	9% below HPI

2 NEW STREET 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 NEW STREET sales from October 2016 and June 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 October 2016 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the June 2022 sale, where it rises to 2% below the HPI. The line then continues to track at 2% below the HPI.

How Large is 2 NEW STREET?

2 NEW STREET is 77m², which includes one extension, according to the EPC inspection conducted in October 2016. This puts it in the smallest 20% of detached houses in Scalford, based on EPC data. The below chart shows the distribution of detached houses by size in Scalford, and where 2 NEW STREET lies on this distribution: 11% of detached houses are smaller than 2 NEW STREET, and 89% of houses are larger. Note that EPC data is not available for all properties in Scalford.

2 NEW STREET: Plot and Title Map

2 NEW STREET sits on a plot of roughly 0.140 of an acre, or 566m². The below map shows the location of 2 NEW STREET, 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 NEW STREET). 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 NEW STREET?

2 NEW STREET is located in SCALFORD, in the LE14 postcode district. The below map shows the position of No. 2 on NEW STREET.