53, FERNELEY CRESCENT, MELTON MOWBRAY, LE13 1RY - £276,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

53 FERNELEY CRESCENT is a very small extended detached house of 72m², built sometime between 1950 and 1966. It was last sold for £276,000 in May 2019, which was around 14% below the average May 2019 detached price in the Melton local authority area. The most recent EPC inspection was November 2018, where the current energy rating was D, and the potential energy rating was B.

53 FERNELEY CRESCENT Sold Prices

Land registry data shows four sales for 53 FERNELEY CRESCENT 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 53 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
2019 10 MAY	£276,000	£322,570	14% below HPI
2017 18 AUG	£187,500	£307,148	39% below HPI
2007 11 JUN	£172,000	£256,182	33% below HPI
1996 23 AUG	£53,000	£86,409	39% below HPI

53 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 four 53 FERNELEY CRESCENT sales between August 1996 and May 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 August 2017 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the May 2019 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 53 FERNELEY CRESCENT be worth now?

53 FERNELEY CRESCENT might now be worth an estimated £340,653.

This is based on house price inflation of 23.4%, between May 2019 and December 2024, 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 23.4% inflationary increase is applied to the most recent sale price for 53 FERNELEY CRESCENT of £276,000 on 10th May 2019. For the value to have increased from £276,000 to £340,653 over the four years and five months to December 2024, the following assumptions must hold true:

• The value of 53 FERNELEY CRESCENT has moved in line with the HPI for detached houses in the Melton local authority area.
• The May 2019 sale price of £276,000 represented a fair market value for the property.
• The size, condition, and specification of 53 FERNELEY CRESCENT has not materially changed since May 2019.

How Large is 53 FERNELEY CRESCENT?

53 FERNELEY CRESCENT is 72m², which includes two extensions, according to the EPC inspection conducted in November 2018. This puts it in the smallest 10% 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 53 FERNELEY CRESCENT lies on this distribution: 8% of detached houses houses are smaller than 53 FERNELEY CRESCENT, and 92% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

53 FERNELEY CRESCENT: Plot and Title Map

53 FERNELEY CRESCENT sits on a plot of roughly 0.108 of an acre, or 436m². The below map shows the location of 53 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 53 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 53 FERNELEY CRESCENT?

53 FERNELEY CRESCENT is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 53 on FERNELEY CRESCENT.