4, IRIS PLACE, MELTON MOWBRAY, LE13 0GS - £495,000

Based on the June 2024 Price Paid Data (released on 26 July 2024), the May 2024 House Price Index (released on 17 July 2024), and the June 2024 Energy Performance of Buildings Data (released on 25 July 2024). Sources

4 IRIS PLACE is a very large detached house of 157m². It was last sold for £495,000 in April 2022, which was around 45% above the average April 2022 detached price in the Melton local authority area. The most recent EPC inspection was August 2018, where the current energy rating was B, and the potential energy rating was B.

4 IRIS PLACE Sold Prices

Land registry data shows two sales for 4 IRIS PLACE 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 IRIS PLACE 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
2022 1 APR	£495,000	£342,331	45% above HPI
2019 6 DEC	£425,000	£314,551	35% above HPI

4 IRIS PLACE 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 IRIS PLACE sales from December 2019 and April 2022 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 December 2019 sale was for 35% above the HPI. So the extrapolation line tracks at 35% above the HPI over time, until the April 2022 sale, where it rises to 45% above the HPI. The line then continues to track at 45% above the HPI.

How Large is 4 IRIS PLACE?

4 IRIS PLACE is 157m² according to the EPC inspection conducted in August 2018. This puts it in the largest 20% 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 4 IRIS PLACE lies on this distribution: 87% of detached houses are smaller than 4 IRIS PLACE, and 13% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

4 IRIS PLACE: Plot and Title Map

4 IRIS PLACE sits on a plot of roughly 0.149 of an acre, or 605m². The below map shows the location of 4 IRIS PLACE, 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 IRIS PLACE). 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 IRIS PLACE?

4 IRIS PLACE is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 4 on IRIS PLACE.