24, NOTTINGHAM ROAD, MELTON MOWBRAY, LE13 0NP - £275,000

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 NOTTINGHAM ROAD is a very large extended detached house of 147m², built sometime between 1930 and 1949, which could now be worth an estimated £309,790. It was last sold for £275,000 in March 2022, which was around 22% below the average March 2022 detached price in the Melton local authority area. The most recent EPC inspection was July 2021, where the current energy rating was E, and the potential energy rating was C.

24 NOTTINGHAM ROAD Sold Prices

Land registry data shows four sales for 24 NOTTINGHAM ROAD 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. The four 24 NOTTINGHAM ROAD sales were a mix of below the average price, and roughly equal to 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
2022 31 MAR	£275,000	£354,699	22% below HPI
2006 18 AUG	£186,000	£236,377	21% below HPI
2004 24 MAR	£155,000	£210,360	26% below HPI
2000 25 AUG	£118,000	£117,485	Close to HPI

24 NOTTINGHAM ROAD 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 NOTTINGHAM ROAD sales between August 2000 and March 2022 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 August 2006 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the March 2022 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might 24 NOTTINGHAM ROAD be worth now?

24 NOTTINGHAM ROAD might now be worth an estimated £309,790.

This is based on house price inflation of 12.7%, between March 2022 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 NOTTINGHAM ROAD of £275,000 on 31st March 2022. For the value to have increased from £275,000 to £309,790 over the three years and one month to February 2025, the following assumptions must hold true:

• The value of 24 NOTTINGHAM ROAD has moved in line with the HPI for detached houses in the Melton local authority area.
• The March 2022 sale price of £275,000 represented a fair market value for the property.
• The size, condition, and specification of 24 NOTTINGHAM ROAD has not materially changed since March 2022.

How Large is 24 NOTTINGHAM ROAD?

24 NOTTINGHAM ROAD is 147m², which includes two extensions, according to the EPC inspection conducted in July 2021. This puts it in the largest 20% 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 NOTTINGHAM ROAD lies on this distribution: 83% of detached houses houses are smaller than 24 NOTTINGHAM ROAD, and 16% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

24 NOTTINGHAM ROAD: Plot and Title Map

24 NOTTINGHAM ROAD sits on a plot of roughly 0.072 of an acre, or 292m². The below map shows the location of 24 NOTTINGHAM ROAD, 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 NOTTINGHAM ROAD). 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 NOTTINGHAM ROAD?

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