4, MELTON ROAD, LANGHAM, OAKHAM, LE15 7JN - £460,000

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

4 MELTON ROAD is a large extended detached house of 183m², built sometime between 1950 and 1966. It was last sold for £460,000 in June 2012, which was around 59% above the average June 2012 detached price in the Rutland local authority area. The most recent EPC inspection was June 2011, where the current energy rating was D, and the potential energy rating was C.

4 MELTON ROAD Sold Prices

Land registry data shows four sales for 4 MELTON ROAD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Rutland local authority area for the corresponding sale date. Most of the four 4 MELTON ROAD 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
2012 25 JUN	£460,000	£290,205	59% above HPI
2007 16 MAY	£400,000	£304,591	31% above HPI
2004 16 JAN	£242,150	£233,112	4% above HPI
1998 21 MAY	£90,000	£110,457	19% below HPI

4 MELTON ROAD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Rutland local authority area over time, sourced from the HPI. The four 4 MELTON ROAD sales between May 1998 and June 2012 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 May 2007 sale was for 31% above the HPI. So the extrapolation line tracks at 31% above the HPI over time, until the June 2012 sale, where it rises to 59% above the HPI. The line then continues to track at 59% above the HPI.

How Large is 4 MELTON ROAD?

4 MELTON ROAD is 183m², which includes one extension, according to the EPC inspection conducted in June 2011. This puts it in the largest 30% of detached houses in Langham, based on EPC data. The below chart shows the distribution of detached houses by size in Langham, and where 4 MELTON ROAD lies on this distribution: 78% of detached houses are smaller than 4 MELTON ROAD, and 22% of houses are larger. Note that EPC data is not available for all properties in Langham.

4 MELTON ROAD: Plot and Title Map

4 MELTON ROAD sits on a plot of roughly 0.258 of an acre, or 1,043m². The below map shows the location of 4 MELTON 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 4 MELTON 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 4 MELTON ROAD?

4 MELTON ROAD is located in LANGHAM, in the LE15 postcode district. The below map shows the position of No. 4 on MELTON ROAD.