23, CAMBRIDGE AVENUE, MELTON MOWBRAY, LE13 0AA - £203,500

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.

23 CAMBRIDGE AVENUE is a small detached house of 88m², built sometime between 1967 and 1975, which could now be worth an estimated £329,565. It was last sold for £203,500 in March 2011, which was around 16% below the average March 2011 detached price in the Melton local authority area. The most recent EPC inspection was November 2010, where the current energy rating was F, and the potential energy rating was E.

23 CAMBRIDGE AVENUE Sold Prices

Land registry data shows two sales for 23 CAMBRIDGE AVENUE 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 23 CAMBRIDGE AVENUE 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
2011 25 MAR	£203,500	£241,375	16% below HPI
1997 6 JUN	£84,500	£87,021	3% below HPI

23 CAMBRIDGE AVENUE 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 23 CAMBRIDGE AVENUE sales from June 1997 and March 2011 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 June 1997 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the March 2011 sale, where it falls to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might 23 CAMBRIDGE AVENUE be worth now?

23 CAMBRIDGE AVENUE might now be worth an estimated £329,565.

This is based on house price inflation of 61.9%, between March 2011 and March 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 61.9% inflationary increase is applied to the most recent sale price for 23 CAMBRIDGE AVENUE of £203,500 on 25th March 2011. For the value to have increased from £203,500 to £329,565 over the fourteen years to March 2025, the following assumptions must hold true:

• The value of 23 CAMBRIDGE AVENUE has moved in line with the HPI for detached houses in the Melton local authority area.
• The March 2011 sale price of £203,500 represented a fair market value for the property.
• The size, condition, and specification of 23 CAMBRIDGE AVENUE has not materially changed since March 2011.

How Large is 23 CAMBRIDGE AVENUE?

23 CAMBRIDGE AVENUE is 88m² according to the EPC inspection conducted in November 2010. This puts it in the smallest 30% 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 23 CAMBRIDGE AVENUE lies on this distribution: 25% of detached houses houses are smaller than 23 CAMBRIDGE AVENUE, and 75% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

23 CAMBRIDGE AVENUE: Plot and Title Map

23 CAMBRIDGE AVENUE sits on a plot of roughly 0.101 of an acre, or 409m². The below map shows the location of 23 CAMBRIDGE AVENUE, 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 23 CAMBRIDGE AVENUE). 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 23 CAMBRIDGE AVENUE?

23 CAMBRIDGE AVENUE is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 23 on CAMBRIDGE AVENUE.