23, WELBY LANE, MELTON MOWBRAY, LE13 0ST - £141,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

23 WELBY LANE is a very small extended semi-detached house of 83m², built sometime between 1900 and 1929, which could now be worth an estimated £212,033. It was last sold for £141,000 in November 2007, which was around 13% below the average November 2007 semi-detached price in the Melton local authority area. The most recent EPC inspection was June 2022, where the current energy rating was E, and the potential energy rating was B.

23 WELBY LANE Sold Prices

Land registry data shows three sales for 23 WELBY LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Melton local authority area for the corresponding sale date. All of the three 23 WELBY 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
2007 16 NOV	£141,000	£162,873	13% below HPI
2004 7 OCT	£132,000	£143,916	8% below HPI
2002 20 JUN	£64,500	£91,797	30% below HPI

23 WELBY LANE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Melton local authority area over time, sourced from the HPI. The three 23 WELBY LANE sales between June 2002 and November 2007 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 2004 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the November 2007 sale, where it falls to 13% below the HPI. The line then continues to track at 13% below the HPI.

What might 23 WELBY LANE be worth now?

23 WELBY LANE might now be worth an estimated £212,033.

This is based on house price inflation of 50.4%, between November 2007 and December 2024, for semi-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 50.4% inflationary increase is applied to the most recent sale price for 23 WELBY LANE of £141,000 on 16th November 2007. For the value to have increased from £141,000 to £212,033 over the sixteen years and eleven months to December 2024, the following assumptions must hold true:

• The value of 23 WELBY LANE has moved in line with the HPI for semi-detached houses in the Melton local authority area.
• The November 2007 sale price of £141,000 represented a fair market value for the property.
• The size, condition, and specification of 23 WELBY LANE has not materially changed since November 2007.

How Large is 23 WELBY LANE?

23 WELBY LANE is 83m², which includes one extension, according to the EPC inspection conducted in June 2022. This puts it in the smallest 20% of semi-detached houses houses in Melton Mowbray, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Melton Mowbray, and where 23 WELBY LANE lies on this distribution: 17% of semi-detached houses houses are smaller than 23 WELBY LANE, and 81% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

23 WELBY LANE: Plot and Title Map

23 WELBY LANE sits on a plot of roughly 0.122 of an acre, or 492m². The below map shows the location of 23 WELBY 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 WELBY 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 WELBY LANE?

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