47, WELBY LANE, MELTON MOWBRAY, LE13 0ST - £316,000

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

47 WELBY LANE is a very large extended detached house of 160m², built sometime between 1930 and 1949. It was last sold for £316,000 in March 2020, which was around 2% above the average March 2020 detached price in the Melton local authority area. The most recent EPC inspection was September 2019, where the current energy rating was E, and the potential energy rating was C.

47 WELBY LANE Sold Prices

Land registry data shows two sales for 47 WELBY LANE 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. One of the two 47 WELBY LANE sales was for above the average price, whilst the other was 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
2020 6 MAR	£316,000	£311,200	2% above HPI
1997 17 JUL	£73,000	£86,000	15% below HPI

47 WELBY LANE 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 47 WELBY LANE sales from July 1997 and March 2020 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 July 1997 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the March 2020 sale, where it rises to 2% above the HPI. The line then continues to track at 2% above the HPI.

How Large is 47 WELBY LANE?

47 WELBY LANE is 160m², which includes four extensions, according to the EPC inspection conducted in September 2019. 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 47 WELBY LANE lies on this distribution: 88% of detached houses are smaller than 47 WELBY LANE, and 12% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

47 WELBY LANE: Plot and Title Map

47 WELBY LANE sits on a plot of roughly 0.205 of an acre, or 828m². The below map shows the location of 47 WELBY LANE, 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 47 WELBY LANE). 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 47 WELBY LANE?

47 WELBY LANE is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 47 on WELBY LANE.