31B, MELTON STREET, EARL SHILTON, LEICESTER, LE9 7FP - £177,000

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.

31B MELTON STREET is a very small detached house of 82m², which could now be worth an estimated £224,849. It was last sold for £177,000 in July 2020, which was around 41% below the average July 2020 detached price in the Hinckley and Bosworth local authority area. The most recent EPC inspection was June 2020, where the current energy rating was B, and the potential energy rating was A.

31B MELTON STREET Sold Prices

Land registry data shows two sales for 31B MELTON STREET since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Hinckley and Bosworth local authority area for the corresponding sale date. Both of the two 31B MELTON STREET 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
2020 3 JUL	£177,000	£299,958	41% below HPI
2018 23 NOV	£65,000	£297,399	78% below HPI

31B MELTON STREET Price Paid vs. HPI Average

The below graph shows the average detached house price in the Hinckley and Bosworth local authority area over time, sourced from the HPI. The two 31B MELTON STREET sales from November 2018 and July 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 November 2018 sale was for 78% below the HPI. So the extrapolation line tracks at 78% below the HPI over time, until the July 2020 sale, where it rises to 41% below the HPI. The line then continues to track at 41% below the HPI.

What might 31B MELTON STREET be worth now?

31B MELTON STREET might now be worth an estimated £224,849.

This is based on house price inflation of 27%, between July 2020 and February 2025, for detached houses, in the Hinckley and Bosworth local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 27% inflationary increase is applied to the most recent sale price for 31B MELTON STREET of £177,000 on 3rd July 2020. For the value to have increased from £177,000 to £224,849 over the five years and five months to February 2025, the following assumptions must hold true:

• The value of 31B MELTON STREET has moved in line with the HPI for detached houses in the Hinckley and Bosworth local authority area.
• The July 2020 sale price of £177,000 represented a fair market value for the property.
• The size, condition, and specification of 31B MELTON STREET has not materially changed since July 2020.

How Large is 31B MELTON STREET?

31B MELTON STREET is 82m² according to the EPC inspection conducted in June 2020. This puts it in the smallest 20% of detached houses houses in Earl Shilton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Earl Shilton, and where 31B MELTON STREET lies on this distribution: 15% of detached houses houses are smaller than 31B MELTON STREET, and 84% of houses are larger. Note that EPC data is not available for all properties in Earl Shilton.

31B MELTON STREET: Plot and Title Map

31B MELTON STREET sits on a plot of roughly 0.053 of an acre, or 216m². The below map shows the location of 31B MELTON STREET, 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 31B MELTON STREET). 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 31B MELTON STREET?

31B MELTON STREET is located in EARL SHILTON, in the LE9 postcode district. The below map shows the position of No. 31B on MELTON STREET.