24, MIDDLE LANE, NETHER BROUGHTON, MELTON MOWBRAY, LE14 3HD - £585,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

24 MIDDLE LANE is a large extended detached house of 196m², built sometime before 1900. It was last sold for £585,000 in July 2018, which was around 86% above the average July 2018 detached price in the Melton local authority area. The most recent EPC inspection was March 2018, where the current energy rating was D, and the potential energy rating was C.

24 MIDDLE LANE Sold Prices

Land registry data shows two sales for 24 MIDDLE LANE 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 MIDDLE LANE sales were for above 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
2018 23 JUL	£585,000	£314,936	86% above HPI
2004 29 SEP	£340,000	£229,332	48% above HPI

24 MIDDLE 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 two 24 MIDDLE LANE sales from September 2004 and July 2018 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 September 2004 sale was for 48% above the HPI. So the extrapolation line tracks at 48% above the HPI over time, until the July 2018 sale, where it rises to 86% above the HPI. The line then continues to track at 86% above the HPI.

How Large is 24 MIDDLE LANE?

24 MIDDLE LANE is 196m², which includes three extensions, according to the EPC inspection conducted in March 2018. This puts it in the largest 40% of detached houses in Nether Broughton, based on EPC data. The below chart shows the distribution of detached houses by size in Nether Broughton, and where 24 MIDDLE LANE lies on this distribution: 67% of detached houses are smaller than 24 MIDDLE LANE, and 33% of houses are larger. Note that EPC data is not available for all properties in Nether Broughton.

24 MIDDLE LANE: Plot and Title Map

24 MIDDLE LANE sits on a plot of roughly 0.255 of an acre, or 1,033m². The below map shows the location of 24 MIDDLE 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 24 MIDDLE 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 24 MIDDLE LANE?

24 MIDDLE LANE is located in NETHER BROUGHTON, in the LE14 postcode district. The below map shows the position of No. 24 on MIDDLE LANE.