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

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 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 19% 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	£314,536	19% above HPI
1995 11 AUG	£125,000	£78,353	60% 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 60% above the HPI. So the extrapolation line tracks at 60% above the HPI over time, until the January 2020 sale, where it falls to 19% above the HPI. The line then continues to track at 19% above the HPI.

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 in Melton Mowbray, based on EPC data. The below chart shows the distribution of detached houses by size in Melton Mowbray, and where 3 PALL MALL lies on this distribution: 63% of detached 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.