29, FERNELEY CRESCENT, MELTON MOWBRAY, LE13 1RY - £185,000

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.

29 FERNELEY CRESCENT is a very small extended semi-detached house of 58m², built sometime between 1950 and 1966, which could now be worth an estimated £238,145. It was last sold for £185,000 in November 2018, which was around 3% below the average November 2018 semi-detached price in the Melton local authority area. The most recent EPC inspection was May 2013, where the current energy rating was D, and the potential energy rating was B.

29 FERNELEY CRESCENT Sold Prices

Land registry data shows three sales for 29 FERNELEY CRESCENT since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Melton local authority area for the corresponding sale date. All of the three 29 FERNELEY CRESCENT 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
2018 2 NOV	£185,000	£190,518	3% below HPI
2016 30 MAR	£144,000	£169,417	15% below HPI
2004 27 OCT	£135,000	£143,916	6% below HPI

29 FERNELEY CRESCENT Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Melton local authority area over time, sourced from the HPI. The three 29 FERNELEY CRESCENT sales between October 2004 and November 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 March 2016 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the November 2018 sale, where it rises to 3% below the HPI. The line then continues to track at 3% below the HPI.

What might 29 FERNELEY CRESCENT be worth now?

29 FERNELEY CRESCENT might now be worth an estimated £238,145.

This is based on house price inflation of 28.7%, between November 2018 and February 2025, for semi-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 28.7% inflationary increase is applied to the most recent sale price for 29 FERNELEY CRESCENT of £185,000 on 2nd November 2018. For the value to have increased from £185,000 to £238,145 over the seven years and nine months to February 2025, the following assumptions must hold true:

• The value of 29 FERNELEY CRESCENT has moved in line with the HPI for semi-detached houses in the Melton local authority area.
• The November 2018 sale price of £185,000 represented a fair market value for the property.
• The size, condition, and specification of 29 FERNELEY CRESCENT has not materially changed since November 2018.

How Large is 29 FERNELEY CRESCENT?

29 FERNELEY CRESCENT is 58m², which includes one extension, according to the EPC inspection conducted in May 2013. This puts it in the smallest 10% of semi-detached houses houses in Melton Mowbray, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Melton Mowbray, and where 29 FERNELEY CRESCENT lies on this distribution: 3% of semi-detached houses houses are smaller than 29 FERNELEY CRESCENT, and 97% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

29 FERNELEY CRESCENT: Plot and Title Map

29 FERNELEY CRESCENT sits on a plot of roughly 0.077 of an acre, or 310m². The below map shows the location of 29 FERNELEY CRESCENT, 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 29 FERNELEY CRESCENT). 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 29 FERNELEY CRESCENT?

29 FERNELEY CRESCENT is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 29 on FERNELEY CRESCENT.