41, FERNELEY CRESCENT, MELTON MOWBRAY, LE13 1RY - £275,000

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

41 FERNELEY CRESCENT is a very small extended detached house of 64m², built sometime between 1950 and 1966. It was last sold for £275,000 in August 2022, which was around 26% below the average August 2022 detached price in the Melton local authority area. The most recent EPC inspection was January 2022, where the current energy rating was D, and the potential energy rating was B.

41 FERNELEY CRESCENT Sold Prices

Land registry data shows three sales for 41 FERNELEY CRESCENT since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Melton local authority area for the corresponding sale date. All of the three 41 FERNELEY CRESCENT 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
2022 26 AUG	£275,000	£373,632	26% below HPI
2001 19 JAN	£82,500	£118,698	30% below HPI
1996 26 JAN	£55,250	£77,376	29% below HPI

41 FERNELEY CRESCENT 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 three 41 FERNELEY CRESCENT sales between January 1996 and August 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 January 2001 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the August 2022 sale, where it rises to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 41 FERNELEY CRESCENT?

41 FERNELEY CRESCENT is 64m², which includes one extension, according to the EPC inspection conducted in January 2022. This puts it in the smallest 10% 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 41 FERNELEY CRESCENT lies on this distribution: 4% of detached houses are smaller than 41 FERNELEY CRESCENT, and 95% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

41 FERNELEY CRESCENT: Plot and Title Map

41 FERNELEY CRESCENT sits on a plot of roughly 0.112 of an acre, or 455m². The below map shows the location of 41 FERNELEY CRESCENT, 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 41 FERNELEY CRESCENT). 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 41 FERNELEY CRESCENT?

41 FERNELEY CRESCENT is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 41 on FERNELEY CRESCENT.