31A, CHAPEL LANE, HOSE, MELTON MOWBRAY, LE14 4JG - £245,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

31A CHAPEL LANE is a small extended detached house of 97m², built sometime between 1976 and 1982. It was last sold for £245,000 in September 2014, which was around 4% below the average September 2014 detached price in the Melton local authority area. The most recent EPC inspection was October 2013, where the current energy rating was C, and the potential energy rating was B.

31A CHAPEL LANE Sold Prices

Land registry data shows three sales for 31A CHAPEL LANE 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 31A CHAPEL LANE 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
2014 10 SEP	£245,000	£255,667	4% below HPI
2006 6 SEP	£215,000	£222,170	3% below HPI
1998 14 MAY	£79,950	£92,464	14% below HPI

31A CHAPEL LANE 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 31A CHAPEL LANE sales between May 1998 and September 2014 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 2006 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the September 2014 sale, where it falls to 4% below the HPI. The line then continues to track at 4% below the HPI.

How Large is 31A CHAPEL LANE?

31A CHAPEL LANE is 97m², which includes two extensions, according to the EPC inspection conducted in October 2013. This puts it in the smallest 30% of detached houses in Hose, based on EPC data. The below chart shows the distribution of detached houses by size in Hose, and where 31A CHAPEL LANE lies on this distribution: 22% of detached houses are smaller than 31A CHAPEL LANE, and 76% of houses are larger. Note that EPC data is not available for all properties in Hose.

31A CHAPEL LANE: Plot and Title Map

31A CHAPEL LANE sits on a plot of roughly 0.137 of an acre, or 556m². The below map shows the location of 31A CHAPEL LANE, 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 31A CHAPEL LANE). 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 31A CHAPEL LANE?

31A CHAPEL LANE is located in HOSE, in the LE14 postcode district. The below map shows the position of No. 31A on CHAPEL LANE.