3, LILAC WAY, MELTON MOWBRAY, LE13 0PJ - £314,000

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 LILAC WAY is a midsized detached house of 106m², built sometime between 1983 and 1990. It was last sold for £314,000 in February 2022, which was around 9% below the average February 2022 detached price in the Melton local authority area. The most recent EPC inspection was March 2016, where the current energy rating was C, and the potential energy rating was B.

3 LILAC WAY Sold Prices

Land registry data shows three sales for 3 LILAC WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Melton local authority area for the corresponding sale date. All of the three 3 LILAC 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
2022 11 FEB	£314,000	£345,791	9% below HPI
2016 12 AUG	£210,000	£281,617	25% below HPI
2002 27 SEP	£132,950	£161,695	18% below HPI

3 LILAC 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 three 3 LILAC WAY sales between September 2002 and February 2022 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 August 2016 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the February 2022 sale, where it rises to 9% below the HPI. The line then continues to track at 9% below the HPI.

How Large is 3 LILAC WAY?

3 LILAC WAY is 106m² according to the EPC inspection conducted in March 2016. This puts it in the smallest 50% 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 LILAC WAY lies on this distribution: 47% of detached houses are smaller than 3 LILAC WAY, and 52% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

3 LILAC WAY: Plot and Title Map

3 LILAC WAY sits on a plot of roughly 0.061 of an acre, or 248m². The below map shows the location of 3 LILAC 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 3 LILAC 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 3 LILAC WAY?

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