247, NOTTINGHAM ROAD, MELTON MOWBRAY, LE13 0NS - £249,950

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

247 NOTTINGHAM ROAD is a large extended detached house of 130m², built sometime between 1950 and 1966. It was last sold for £249,950 in April 2013, which was around 5% above the average April 2013 detached price in the Melton local authority area. The most recent EPC inspection was January 2013, where the current energy rating was D, and the potential energy rating was D.

247 NOTTINGHAM ROAD Sold Prices

Land registry data shows two sales for 247 NOTTINGHAM ROAD 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 247 NOTTINGHAM ROAD 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
2013 26 APR	£249,950	£237,335	5% above HPI
2007 11 MAY	£280,000	£248,980	12% above HPI

247 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 two 247 NOTTINGHAM ROAD sales from May 2007 and April 2013 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 May 2007 sale was for 12% above the HPI. So the extrapolation line tracks at 12% above the HPI over time, until the April 2013 sale, where it falls to 5% above the HPI. The line then continues to track at 5% above the HPI.

What might 247 NOTTINGHAM ROAD be worth now?

247 NOTTINGHAM ROAD might now be worth an estimated £419,294.

This is based on house price inflation of 67.8%, between April 2013 and December 2024, 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 67.8% inflationary increase is applied to the most recent sale price for 247 NOTTINGHAM ROAD of £249,950 on 26th April 2013. For the value to have increased from £249,950 to £419,294 over the ten years and four months to December 2024, the following assumptions must hold true:

• The value of 247 NOTTINGHAM ROAD has moved in line with the HPI for detached houses in the Melton local authority area.
• The April 2013 sale price of £249,950 represented a fair market value for the property.
• The size, condition, and specification of 247 NOTTINGHAM ROAD has not materially changed since April 2013.

How Large is 247 NOTTINGHAM ROAD?

247 NOTTINGHAM ROAD is 130m², which includes two extensions, according to the EPC inspection conducted in January 2013. 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 247 NOTTINGHAM ROAD lies on this distribution: 72% of detached houses houses are smaller than 247 NOTTINGHAM ROAD, and 27% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

247 NOTTINGHAM ROAD: Plot and Title Map

247 NOTTINGHAM ROAD sits on a plot of roughly 0.117 of an acre, or 475m². The below map shows the location of 247 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 247 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 247 NOTTINGHAM ROAD?

247 NOTTINGHAM ROAD is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 247 on NOTTINGHAM ROAD.