24, GLOUCESTER AVENUE, MELTON MOWBRAY, LE13 0AG - £248,500

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.

24 GLOUCESTER AVENUE is a midsized extended detached house of 115m², built sometime between 1930 and 1949, which could now be worth an estimated £415,202. It was last sold for £248,500 in March 2010, which was around 6% above the average March 2010 detached price in the Melton local authority area. The most recent EPC inspection was January 2010, where the current energy rating was E, and the potential energy rating was D.

24 GLOUCESTER AVENUE Sold Prices

Land registry data shows four sales for 24 GLOUCESTER AVENUE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Melton local authority area for the corresponding sale date. Most of the four 24 GLOUCESTER 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
2010 18 MAR	£248,500	£233,957	6% above HPI
2002 25 NOV	£138,000	£173,182	20% below HPI
1998 24 APR	£72,500	£95,263	24% below HPI
1996 19 JAN	£53,000	£80,255	34% below HPI

24 GLOUCESTER 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 four 24 GLOUCESTER AVENUE sales between January 1996 and March 2010 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 November 2002 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the March 2010 sale, where it rises to 6% above the HPI. The line then continues to track at 6% above the HPI.

What might 24 GLOUCESTER AVENUE be worth now?

24 GLOUCESTER AVENUE might now be worth an estimated £415,202.

This is based on house price inflation of 67.1%, between March 2010 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 67.1% inflationary increase is applied to the most recent sale price for 24 GLOUCESTER AVENUE of £248,500 on 18th March 2010. For the value to have increased from £248,500 to £415,202 over the fifteen years to March 2025, the following assumptions must hold true:

• The value of 24 GLOUCESTER AVENUE has moved in line with the HPI for detached houses in the Melton local authority area.
• The March 2010 sale price of £248,500 represented a fair market value for the property.
• The size, condition, and specification of 24 GLOUCESTER AVENUE has not materially changed since March 2010.

How Large is 24 GLOUCESTER AVENUE?

24 GLOUCESTER AVENUE is 115m², which includes one extension, according to the EPC inspection conducted in January 2010. This puts it in the largest 50% 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 24 GLOUCESTER AVENUE lies on this distribution: 57% of detached houses houses are smaller than 24 GLOUCESTER AVENUE, and 43% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

24 GLOUCESTER AVENUE: Plot and Title Map

24 GLOUCESTER AVENUE sits on a plot of roughly 0.090 of an acre, or 366m². The below map shows the location of 24 GLOUCESTER 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 24 GLOUCESTER 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 24 GLOUCESTER AVENUE?

24 GLOUCESTER AVENUE is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 24 on GLOUCESTER AVENUE.