5, BROOK LANE, ASFORDBY, MELTON MOWBRAY, LE14 3RT - £170,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

5 BROOK LANE is a very large extended detached house of 198m², built sometime between 2007 and 2011. It was last sold for £170,000 in May 2007, which was around 29% below the average May 2007 detached price in the Melton local authority area. The most recent EPC inspection was August 2022, where the current energy rating was C, and the potential energy rating was B.

5 BROOK LANE Sold Prices

Land registry data shows two sales for 5 BROOK 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. Both of the two 5 BROOK LANE 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
2007 11 MAY	£170,000	£240,049	29% below HPI
2006 13 NOV	£120,000	£232,714	48% below HPI

5 BROOK 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 5 BROOK LANE sales from November 2006 and May 2007 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 November 2006 sale was for 48% below the HPI. So the extrapolation line tracks at 48% below the HPI over time, until the May 2007 sale, where it rises to 29% below the HPI. The line then continues to track at 29% below the HPI.

How Large is 5 BROOK LANE?

5 BROOK LANE is 198m², which includes one extension, according to the EPC inspection conducted in August 2022. This puts it in the largest 10% of detached houses in Asfordby, based on EPC data. The below chart shows the distribution of detached houses by size in Asfordby, and where 5 BROOK LANE lies on this distribution: 98% of detached houses are smaller than 5 BROOK LANE, and 2% of houses are larger. Note that EPC data is not available for all properties in Asfordby.

5 BROOK LANE: Plot and Title Map

5 BROOK LANE sits on a plot of roughly 0.121 of an acre, or 491m². The below map shows the location of 5 BROOK 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 5 BROOK 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 5 BROOK LANE?

5 BROOK LANE is located in ASFORDBY, in the LE14 postcode district. The below map shows the position of No. 5 on BROOK LANE.