4, BROOK LANE, ASFORDBY, MELTON MOWBRAY, LE14 3RT - £195,000

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

4 BROOK LANE is a very small extended detached house of 77m², built sometime before 1900. It was last sold for £195,000 in May 2021, which was around 41% below the average May 2021 detached price in the Melton local authority area. The most recent EPC inspection was February 2021, where the current energy rating was D, and the potential energy rating was B.

4 BROOK LANE Sold Prices

Land registry data shows two sales for 4 BROOK LANE 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 4 BROOK 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
2021 7 MAY	£195,000	£331,140	41% below HPI
2009 25 JUN	£138,000	£205,729	33% below HPI

4 BROOK 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 two 4 BROOK LANE sales from June 2009 and May 2021 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 June 2009 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the May 2021 sale, where it falls to 41% below the HPI. The line then continues to track at 41% below the HPI.

How Large is 4 BROOK LANE?

4 BROOK LANE is 77m², which includes one extension, according to the EPC inspection conducted in February 2021. This puts it in the smallest 20% of detached houses in Asfordby, based on EPC data. The below chart shows the distribution of detached houses by size in Asfordby, and where 4 BROOK LANE lies on this distribution: 17% of detached houses are smaller than 4 BROOK LANE, and 83% of houses are larger. Note that EPC data is not available for all properties in Asfordby.

4 BROOK LANE: Plot and Title Map

4 BROOK LANE sits on a plot of roughly 0.019 of an acre, or 77m². The below map shows the location of 4 BROOK 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 4 BROOK 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 4 BROOK LANE?

4 BROOK LANE is located in ASFORDBY, in the LE14 postcode district. The below map shows the position of No. 4 on BROOK LANE.