41, SHEPHERDS CROFT, MELTON MOWBRAY, LE13 1LG - £150,000

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.

41 SHEPHERDS CROFT is a small extended detached house of 89m², built sometime between 1996 and 2002, which could now be worth an estimated £184,992. It was last sold for £150,000 in November 2019, which was around 54% below the average November 2019 detached price in the Melton local authority area. The most recent EPC inspection was March 2019, where the current energy rating was D, and the potential energy rating was B.

41 SHEPHERDS CROFT Sold Prices

Land registry data shows four sales for 41 SHEPHERDS CROFT since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Melton local authority area for the corresponding sale date. All of the four 41 SHEPHERDS CROFT 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
2019 25 NOV	£150,000	£323,991	54% below HPI
2003 5 SEP	£98,500	£203,841	52% below HPI
2002 21 MAR	£77,000	£147,209	48% below HPI
2001 29 JUN	£64,500	£129,478	50% below HPI

41 SHEPHERDS CROFT 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 four 41 SHEPHERDS CROFT sales between June 2001 and November 2019 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 September 2003 sale was for 52% below the HPI. So the extrapolation line tracks at 52% below the HPI over time, until the November 2019 sale, where it falls to 54% below the HPI. The line then continues to track at 54% below the HPI.

What might 41 SHEPHERDS CROFT be worth now?

41 SHEPHERDS CROFT might now be worth an estimated £184,992.

This is based on house price inflation of 23.3%, between November 2019 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 23.3% inflationary increase is applied to the most recent sale price for 41 SHEPHERDS CROFT of £150,000 on 25th November 2019. For the value to have increased from £150,000 to £184,992 over the six years and nine months to February 2025, the following assumptions must hold true:

• The value of 41 SHEPHERDS CROFT has moved in line with the HPI for detached houses in the Melton local authority area.
• The November 2019 sale price of £150,000 represented a fair market value for the property.
• The size, condition, and specification of 41 SHEPHERDS CROFT has not materially changed since November 2019.

How Large is 41 SHEPHERDS CROFT?

41 SHEPHERDS CROFT is 89m², which includes one extension, according to the EPC inspection conducted in March 2019. This puts it in the smallest 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 41 SHEPHERDS CROFT lies on this distribution: 27% of detached houses houses are smaller than 41 SHEPHERDS CROFT, and 72% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

41 SHEPHERDS CROFT: Plot and Title Map

41 SHEPHERDS CROFT sits on a plot of roughly 0.054 of an acre, or 220m². The below map shows the location of 41 SHEPHERDS CROFT, 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 SHEPHERDS CROFT). 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 SHEPHERDS CROFT?

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