2B, PUMP LANE, ASFORDBY, MELTON MOWBRAY, LE14 3SH - £445,000

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

2B PUMP LANE is a very large extended detached house of 149m², built sometime between 1991 and 1995. It was last sold for £445,000 in December 2021, which was around 27% above the average December 2021 detached price in the Melton local authority area. The most recent EPC inspection was June 2021, where the current energy rating was C, and the potential energy rating was B.

2B PUMP LANE Sold Prices

Land registry data shows five sales for 2B PUMP LANE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Melton local authority area for the corresponding sale date. All of the five 2B PUMP 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
2021 6 DEC	£445,000	£350,074	27% above HPI
2018 9 FEB	£335,000	£302,652	11% above HPI
1999 30 JUL	£149,950	£98,405	52% above HPI
1998 30 JAN	£139,950	£98,963	41% above HPI
1997 21 JAN	£115,000	£81,338	41% above HPI

2B PUMP 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 five 2B PUMP LANE sales between January 1997 and December 2021 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 February 2018 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the December 2021 sale, where it rises to 27% above the HPI. The line then continues to track at 27% above the HPI.

How Large is 2B PUMP LANE?

2B PUMP LANE is 149m², which includes one extension, according to the EPC inspection conducted in June 2021. This puts it in the largest 20% of detached houses in Asfordby, based on EPC data. The below chart shows the distribution of detached houses by size in Asfordby, and where 2B PUMP LANE lies on this distribution: 86% of detached houses are smaller than 2B PUMP LANE, and 14% of houses are larger. Note that EPC data is not available for all properties in Asfordby.

2B PUMP LANE: Plot and Title Map

2B PUMP LANE sits on a plot of roughly 0.097 of an acre, or 393m². The below map shows the location of 2B PUMP 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 2B PUMP 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 2B PUMP LANE?

2B PUMP LANE is located in ASFORDBY, in the LE14 postcode district. The below map shows the position of No. 2B on PUMP LANE.