24, MEADOW WAY, MELTON MOWBRAY, LE13 1DT - £312,000

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.

24 MEADOW WAY is a large extended detached house of 128m², built sometime between 1983 and 1990, which could now be worth an estimated £351,634. It was last sold for £312,000 in June 2021, which was around 12% below the average June 2021 detached price in the Melton local authority area. The most recent EPC inspection was August 2014, where the current energy rating was D, and the potential energy rating was B.

24 MEADOW WAY Sold Prices

Land registry data shows two sales for 24 MEADOW WAY 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 24 MEADOW WAY 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 30 JUN	£312,000	£354,535	12% below HPI
2014 10 OCT	£185,000	£267,829	31% below HPI

24 MEADOW WAY 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 24 MEADOW WAY sales from October 2014 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 October 2014 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the June 2021 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might 24 MEADOW WAY be worth now?

24 MEADOW WAY might now be worth an estimated £351,634.

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 24 MEADOW WAY of £312,000 on 30th June 2021. For the value to have increased from £312,000 to £351,634 over the four years and four months to February 2025, the following assumptions must hold true:

• The value of 24 MEADOW WAY has moved in line with the HPI for detached houses in the Melton local authority area.
• The June 2021 sale price of £312,000 represented a fair market value for the property.
• The size, condition, and specification of 24 MEADOW WAY has not materially changed since June 2021.

How Large is 24 MEADOW WAY?

24 MEADOW WAY is 128m², which includes one extension, according to the EPC inspection conducted in August 2014. This puts it in the largest 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 24 MEADOW WAY lies on this distribution: 70% of detached houses houses are smaller than 24 MEADOW WAY, and 29% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

24 MEADOW WAY: Plot and Title Map

24 MEADOW WAY sits on a plot of roughly 0.113 of an acre, or 459m². The below map shows the location of 24 MEADOW WAY, 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 MEADOW WAY). 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 MEADOW WAY?

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