23, CHAPEL LANE, HOSE, MELTON MOWBRAY, LE14 4JG - £165,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

23 CHAPEL LANE is a very small extended detached house of 62m², built sometime between 1950 and 1966. It was last sold for £165,000 in December 2014, which was around 36% below the average December 2014 detached price in the Melton local authority area. The most recent EPC inspection was February 2014, where the current energy rating was E, and the potential energy rating was B.

23 CHAPEL LANE Sold Prices

Land registry data shows three sales for 23 CHAPEL LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Melton local authority area for the corresponding sale date. All of the three 23 CHAPEL LANE 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
2014 19 DEC	£165,000	£257,038	36% below HPI
2002 5 JUL	£130,000	£156,269	17% below HPI
1998 4 DEC	£57,000	£91,109	37% below HPI

23 CHAPEL LANE 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 three 23 CHAPEL LANE sales between December 1998 and December 2014 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 July 2002 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the December 2014 sale, where it falls to 36% below the HPI. The line then continues to track at 36% below the HPI.

How Large is 23 CHAPEL LANE?

23 CHAPEL LANE is 62m², which includes one extension, according to the EPC inspection conducted in February 2014. This puts it in the smallest 10% of detached houses in Hose, based on EPC data. The below chart shows the distribution of detached houses by size in Hose, and where 23 CHAPEL LANE lies on this distribution: 4% of detached houses are smaller than 23 CHAPEL LANE, and 96% of houses are larger. Note that EPC data is not available for all properties in Hose.

23 CHAPEL LANE: Plot and Title Map

23 CHAPEL LANE sits on a plot of roughly 0.071 of an acre, or 286m². The below map shows the location of 23 CHAPEL LANE, 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 CHAPEL LANE). 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 CHAPEL LANE?

23 CHAPEL LANE is located in HOSE, in the LE14 postcode district. The below map shows the position of No. 23 on CHAPEL LANE.