3, PALMERSTON ROAD, MELTON MOWBRAY, LE13 0SS - £197,000

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 PALMERSTON ROAD is a midsized extended detached house of 107m², built sometime between 1930 and 1949, which could now be worth an estimated £342,629. It was last sold for £197,000 in November 2009, which was around 14% below the average November 2009 detached price in the Melton local authority area. The most recent EPC inspection was July 2009, where the current energy rating was F, and the potential energy rating was E.

3 PALMERSTON ROAD Sold Prices

Land registry data shows two sales for 3 PALMERSTON ROAD 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 PALMERSTON 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
2009 20 NOV	£197,000	£229,740	14% below HPI
2005 2 SEP	£229,000	£233,560	2% below HPI

3 PALMERSTON 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 two 3 PALMERSTON ROAD sales from September 2005 and November 2009 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 September 2005 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the November 2009 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 3 PALMERSTON ROAD be worth now?

3 PALMERSTON ROAD might now be worth an estimated £342,629.

This is based on house price inflation of 73.9%, between November 2009 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 73.9% inflationary increase is applied to the most recent sale price for 3 PALMERSTON ROAD of £197,000 on 20th November 2009. For the value to have increased from £197,000 to £342,629 over the sixteen years and nine months to February 2025, the following assumptions must hold true:

• The value of 3 PALMERSTON ROAD has moved in line with the HPI for detached houses in the Melton local authority area.
• The November 2009 sale price of £197,000 represented a fair market value for the property.
• The size, condition, and specification of 3 PALMERSTON ROAD has not materially changed since November 2009.

How Large is 3 PALMERSTON ROAD?

3 PALMERSTON ROAD is 107m², which includes one extension, according to the EPC inspection conducted in July 2009. This puts it in the smallest 50% 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 PALMERSTON ROAD lies on this distribution: 48% of detached houses houses are smaller than 3 PALMERSTON ROAD, and 52% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

3 PALMERSTON ROAD: Plot and Title Map

3 PALMERSTON ROAD sits on a plot of roughly 0.113 of an acre, or 459m². The below map shows the location of 3 PALMERSTON 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 PALMERSTON 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 PALMERSTON ROAD?

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