3, GRANBY ROAD, MELTON MOWBRAY, LE13 1PW - £215,000

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

3 GRANBY ROAD is a very small detached house of 80m², built sometime between 1976 and 1982. It was last sold for £215,000 in August 2018, which was around 33% below the average August 2018 detached price in the Melton local authority area. The most recent EPC inspection was February 2014, where the current energy rating was D, and the potential energy rating was B.

3 GRANBY ROAD Sold Prices

Land registry data shows four sales for 3 GRANBY 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. All of the four 3 GRANBY ROAD 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 16 AUG	£215,000	£320,363	33% below HPI
2013 18 JAN	£153,500	£233,774	34% below HPI
2005 8 APR	£173,000	£210,177	18% below HPI
2003 9 JAN	£138,950	£170,278	18% below HPI

3 GRANBY 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 3 GRANBY ROAD sales between January 2003 and August 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 January 2013 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the August 2018 sale, where it rises to 33% below the HPI. The line then continues to track at 33% below the HPI.

How Large is 3 GRANBY ROAD?

3 GRANBY ROAD is 80m² according to the EPC inspection conducted in February 2014. This puts it in the smallest 20% of detached houses in Melton Mowbray, based on EPC data. The below chart shows the distribution of detached houses by size in Melton Mowbray, and where 3 GRANBY ROAD lies on this distribution: 14% of detached houses are smaller than 3 GRANBY ROAD, and 85% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

3 GRANBY ROAD: Plot and Title Map

3 GRANBY ROAD sits on a plot of roughly 0.060 of an acre, or 241m². The below map shows the location of 3 GRANBY 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 3 GRANBY 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 3 GRANBY ROAD?

3 GRANBY ROAD is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 3 on GRANBY ROAD.