4, SHAKESPEARE GARDENS, MELTON MOWBRAY, LE13 0RL - £415,000

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.

4 SHAKESPEARE GARDENS is a large detached house of 133m², which could now be worth an estimated £462,343. It was last sold for £415,000 in February 2022, which was around 16% above the average February 2022 detached price in the Melton local authority area. The most recent EPC inspection was November 2018, where the current energy rating was B, and the potential energy rating was A.

4 SHAKESPEARE GARDENS Sold Prices

Land registry data shows two sales for 4 SHAKESPEARE GARDENS 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 SHAKESPEARE GARDENS 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 25 FEB	£415,000	£358,657	16% above HPI
2018 12 DEC	£372,995	£315,339	18% above HPI

4 SHAKESPEARE GARDENS 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 SHAKESPEARE GARDENS sales from December 2018 and February 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 2018 sale was for 18% above the HPI. So the extrapolation line tracks at 18% above the HPI over time, until the February 2022 sale, where it falls to 16% above the HPI. The line then continues to track at 16% above the HPI.

What might 4 SHAKESPEARE GARDENS be worth now?

4 SHAKESPEARE GARDENS might now be worth an estimated £462,343.

This is based on house price inflation of 11.4%, between February 2022 and February 2025, for detached houses, in the Melton local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 11.4% inflationary increase is applied to the most recent sale price for 4 SHAKESPEARE GARDENS of £415,000 on 25th February 2022. For the value to have increased from £415,000 to £462,343 over the three years to February 2025, the following assumptions must hold true:

• The value of 4 SHAKESPEARE GARDENS has moved in line with the HPI for detached houses in the Melton local authority area.
• The February 2022 sale price of £415,000 represented a fair market value for the property.
• The size, condition, and specification of 4 SHAKESPEARE GARDENS has not materially changed since February 2022.

How Large is 4 SHAKESPEARE GARDENS?

4 SHAKESPEARE GARDENS is 133m² according to the EPC inspection conducted in November 2018. This puts it in the largest 30% of detached houses houses in Melton Mowbray, based on EPC data. The below chart shows the distribution of detached houses houses by size in Melton Mowbray, and where 4 SHAKESPEARE GARDENS lies on this distribution: 75% of detached houses houses are smaller than 4 SHAKESPEARE GARDENS, and 24% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

4 SHAKESPEARE GARDENS: Plot and Title Map

4 SHAKESPEARE GARDENS sits on a plot of roughly 0.098 of an acre, or 395m². The below map shows the location of 4 SHAKESPEARE GARDENS, 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 SHAKESPEARE GARDENS). 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 SHAKESPEARE GARDENS?

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