53, MAIN STREET, STATHERN, MELTON MOWBRAY, LE14 4HW - £240,000

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.

53 MAIN STREET is a small detached house of 115m², built sometime between 1976 and 1982, which could now be worth an estimated £397,447. It was last sold for £240,000 in September 2013, which was around 1% below the average September 2013 detached price in the Melton local authority area. The most recent EPC inspection was October 2011, where the current energy rating was C, and the potential energy rating was C.

53 MAIN STREET Sold Prices

Land registry data shows three sales for 53 MAIN STREET 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. Two of the three 53 MAIN STREET sales were for below the average price, whilst one was for above 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
2013 2 SEP	£240,000	£241,283	1% below HPI
2005 11 FEB	£250,000	£211,806	18% above HPI
2003 29 AUG	£195,000	£196,496	1% below HPI

53 MAIN STREET 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 53 MAIN STREET sales between August 2003 and September 2013 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 2005 sale was for 18% above the HPI. So the extrapolation line tracks at 18% above the HPI over time, until the September 2013 sale, where it falls to 1% below the HPI. The line then continues to track at 1% below the HPI.

What might 53 MAIN STREET be worth now?

53 MAIN STREET might now be worth an estimated £397,447.

This is based on house price inflation of 65.6%, between September 2013 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 65.6% inflationary increase is applied to the most recent sale price for 53 MAIN STREET of £240,000 on 2nd September 2013. For the value to have increased from £240,000 to £397,447 over the twelve years and seven months to February 2025, the following assumptions must hold true:

• The value of 53 MAIN STREET has moved in line with the HPI for detached houses in the Melton local authority area.
• The September 2013 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of 53 MAIN STREET has not materially changed since September 2013.

How Large is 53 MAIN STREET?

53 MAIN STREET is 115m² according to the EPC inspection conducted in October 2011. This puts it in the smallest 30% of detached houses houses in Stathern, based on EPC data. The below chart shows the distribution of detached houses houses by size in Stathern, and where 53 MAIN STREET lies on this distribution: 29% of detached houses houses are smaller than 53 MAIN STREET, and 71% of houses are larger. Note that EPC data is not available for all properties in Stathern.

53 MAIN STREET: Plot and Title Map

53 MAIN STREET sits on a plot of roughly 0.085 of an acre, or 346m². The below map shows the location of 53 MAIN STREET, 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 MAIN STREET). 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 MAIN STREET?

53 MAIN STREET is located in STATHERN, in the LE14 postcode district. The below map shows the position of No. 53 on MAIN STREET.