3, PALL MALL, MELTON MOWBRAY, LE13 1RR - £375,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

3 PALL MALL is a large detached house of 121m², built sometime between 1983 and 1990. It was last sold for £375,000 in January 2020, which was around 15% above the average January 2020 detached price in the Melton local authority area. The most recent EPC inspection was August 2019, where the current energy rating was D, and the potential energy rating was B.

3 PALL MALL Sold Prices

Land registry data shows two sales for 3 PALL MALL since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Melton local authority area for the corresponding sale date. Both of the two 3 PALL MALL 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
2020 31 JAN	£375,000	£326,239	15% above HPI
1995 11 AUG	£125,000	£81,268	54% above HPI

3 PALL MALL 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 two 3 PALL MALL sales from August 1995 and January 2020 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 1995 sale was for 54% above the HPI. So the extrapolation line tracks at 54% above the HPI over time, until the January 2020 sale, where it falls to 15% above the HPI. The line then continues to track at 15% above the HPI.

What might 3 PALL MALL be worth now?

3 PALL MALL might now be worth an estimated £457,638.

This is based on house price inflation of 22%, between January 2020 and December 2024, 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 22% inflationary increase is applied to the most recent sale price for 3 PALL MALL of £375,000 on 31st January 2020. For the value to have increased from £375,000 to £457,638 over the three years and one month to December 2024, the following assumptions must hold true:

• The value of 3 PALL MALL has moved in line with the HPI for detached houses in the Melton local authority area.
• The January 2020 sale price of £375,000 represented a fair market value for the property.
• The size, condition, and specification of 3 PALL MALL has not materially changed since January 2020.

How Large is 3 PALL MALL?

3 PALL MALL is 121m² according to the EPC inspection conducted in August 2019. This puts it in the largest 40% 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 PALL MALL lies on this distribution: 64% of detached houses houses are smaller than 3 PALL MALL, and 36% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

3 PALL MALL: Plot and Title Map

3 PALL MALL sits on a plot of roughly 0.148 of an acre, or 597m². The below map shows the location of 3 PALL MALL, 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 PALL MALL). 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 PALL MALL?

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