50B, WELBY LANE, MELTON MOWBRAY, LE13 0TB - £220,000

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

50B WELBY LANE is a large detached house of 126m². It was last sold for £220,000 in July 2019, which was around 29% below the average July 2019 detached price in the Melton local authority area. The most recent EPC inspection was June 2019, where the current energy rating was B, and the potential energy rating was A.

50B WELBY LANE Sold Prices

Land registry data shows three sales for 50B WELBY LANE 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 50B WELBY 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
2019 12 JUL	£220,000	£311,777	29% below HPI
2019 12 FEB	£224,000	£312,417	28% below HPI
2017 30 JUN	£230,000	£294,358	22% below HPI

50B 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 three 50B WELBY LANE sales between June 2017 and July 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 February 2019 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the July 2019 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

How Large is 50B WELBY LANE?

50B WELBY LANE is 126m² according to the EPC inspection conducted in June 2019. This puts it in the largest 40% 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 50B WELBY LANE lies on this distribution: 68% of detached houses are smaller than 50B WELBY LANE, and 31% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

50B WELBY LANE: Plot and Title Map

50B WELBY LANE sits on a plot of roughly 0.078 of an acre, or 315m². The below map shows the location of 50B 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 50B 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 50B WELBY LANE?

50B WELBY LANE is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 50B on WELBY LANE.