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

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.

3 GRANBY ROAD is a very small detached house of 80m², built sometime between 1976 and 1982, which could now be worth an estimated £258,539. It was last sold for £215,000 in August 2018, which was around 35% 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	£332,283	35% below HPI
2013 18 JAN	£153,500	£242,473	37% below HPI
2005 8 APR	£173,000	£217,998	21% below HPI
2003 9 JAN	£138,950	£176,613	21% 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 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the August 2018 sale, where it rises to 35% below the HPI. The line then continues to track at 35% below the HPI.

What might 3 GRANBY ROAD be worth now?

3 GRANBY ROAD might now be worth an estimated £258,539.

This is based on house price inflation of 20.3%, between August 2018 and February 2025, 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 20.3% inflationary increase is applied to the most recent sale price for 3 GRANBY ROAD of £215,000 on 16th August 2018. For the value to have increased from £215,000 to £258,539 over the seven years and six months to February 2025, the following assumptions must hold true:

• The value of 3 GRANBY ROAD has moved in line with the HPI for detached houses in the Melton local authority area.
• The August 2018 sale price of £215,000 represented a fair market value for the property.
• The size, condition, and specification of 3 GRANBY ROAD has not materially changed since August 2018.

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 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 3 GRANBY ROAD lies on this distribution: 14% of detached houses 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.