21B, MAIN ROAD, NETHER BROUGHTON, MELTON MOWBRAY, LE14 3HB - £280,000

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.

21B MAIN ROAD is a very small detached house of 63m², which could now be worth an estimated £315,569. It was last sold for £280,000 in June 2021, which was around 21% below the average June 2021 detached price in the Melton local authority area. The most recent EPC inspection was August 2016, where the current energy rating was B, and the potential energy rating was A.

21B MAIN ROAD Sold Prices

Land registry data shows two sales for 21B MAIN 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 21B MAIN 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
2021 16 JUN	£280,000	£354,535	21% below HPI
2017 26 MAY	£205,000	£304,908	33% below HPI

21B MAIN 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 21B MAIN ROAD sales from May 2017 and June 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 May 2017 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the June 2021 sale, where it rises to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might 21B MAIN ROAD be worth now?

21B MAIN ROAD might now be worth an estimated £315,569.

This is based on house price inflation of 12.7%, between June 2021 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 12.7% inflationary increase is applied to the most recent sale price for 21B MAIN ROAD of £280,000 on 16th June 2021. For the value to have increased from £280,000 to £315,569 over the four years and four months to February 2025, the following assumptions must hold true:

• The value of 21B MAIN ROAD has moved in line with the HPI for detached houses in the Melton local authority area.
• The June 2021 sale price of £280,000 represented a fair market value for the property.
• The size, condition, and specification of 21B MAIN ROAD has not materially changed since June 2021.

How Large is 21B MAIN ROAD?

21B MAIN ROAD is 63m² according to the EPC inspection conducted in August 2016. This puts it in the smallest 10% of detached houses houses in Nether Broughton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Nether Broughton, and where 21B MAIN ROAD lies on this distribution: Less than 1% of detached houses houses are smaller than 21B MAIN ROAD, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Nether Broughton.

21B MAIN ROAD: Plot and Title Map

21B MAIN ROAD sits on a plot of roughly 0.071 of an acre, or 288m². The below map shows the location of 21B MAIN 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 21B MAIN 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 21B MAIN ROAD?

21B MAIN ROAD is located in NETHER BROUGHTON, in the LE14 postcode district. The below map shows the position of No. 21B on MAIN ROAD.