28, RIBBLE WAY, MELTON MOWBRAY, LE13 0HG - £220,000

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

28 RIBBLE WAY is a small detached house of 96m², built sometime between 1976 and 1982. It was last sold for £220,000 in August 2010, which was around 6% below the average August 2010 detached price in the Melton local authority area. The most recent EPC inspection was May 2010, where the current energy rating was C, and the potential energy rating was C.

28 RIBBLE WAY Sold Prices

Land registry data shows two sales for 28 RIBBLE 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 28 RIBBLE 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
2010 16 AUG	£220,000	£233,140	6% below HPI
1997 13 JUN	£75,000	£87,021	14% below HPI

28 RIBBLE 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 28 RIBBLE WAY sales from June 1997 and August 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 June 1997 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the August 2010 sale, where it rises to 6% below the HPI. The line then continues to track at 6% below the HPI.

What might 28 RIBBLE WAY be worth now?

28 RIBBLE WAY might now be worth an estimated £375,693.

This is based on house price inflation of 70.8%, between August 2010 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 70.8% inflationary increase is applied to the most recent sale price for 28 RIBBLE WAY of £220,000 on 16th August 2010. For the value to have increased from £220,000 to £375,693 over the thirteen years and eight months to December 2024, the following assumptions must hold true:

• The value of 28 RIBBLE WAY has moved in line with the HPI for detached houses in the Melton local authority area.
• The August 2010 sale price of £220,000 represented a fair market value for the property.
• The size, condition, and specification of 28 RIBBLE WAY has not materially changed since August 2010.

How Large is 28 RIBBLE WAY?

28 RIBBLE WAY is 96m² according to the EPC inspection conducted in May 2010. This puts it in the smallest 40% 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 28 RIBBLE WAY lies on this distribution: 37% of detached houses houses are smaller than 28 RIBBLE WAY, and 63% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

28 RIBBLE WAY: Plot and Title Map

28 RIBBLE WAY sits on a plot of roughly 0.123 of an acre, or 499m². The below map shows the location of 28 RIBBLE 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 28 RIBBLE 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 28 RIBBLE WAY?

28 RIBBLE WAY is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 28 on RIBBLE WAY.