54, MAIN ROAD, NETHER BROUGHTON, MELTON MOWBRAY, LE14 3HB - £225,000

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

54 MAIN ROAD is a small extended detached house of 110m², built sometime before 1900. It was last sold for £225,000 in March 2015, which was around 11% below the average March 2015 detached price in the Melton local authority area. The most recent EPC inspection was January 2014, where the current energy rating was E, and the potential energy rating was D.

54 MAIN ROAD Sold Prices

Land registry data shows four sales for 54 MAIN ROAD 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. two of the four 54 MAIN ROAD sales were for below the average price, and four were 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
2015 24 MAR	£225,000	£252,105	11% below HPI
2004 1 OCT	£219,950	£227,129	3% below HPI
2002 26 APR	£163,000	£143,407	14% above HPI
2000 13 OCT	£130,000	£115,757	12% above HPI

54 MAIN ROAD 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 54 MAIN ROAD sales between October 2000 and March 2015 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 October 2004 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the March 2015 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is 54 MAIN ROAD?

54 MAIN ROAD is 110m², which includes one extension, according to the EPC inspection conducted in January 2014. This puts it in the smallest 30% of detached houses in Nether Broughton, based on EPC data. The below chart shows the distribution of detached houses by size in Nether Broughton, and where 54 MAIN ROAD lies on this distribution: 27% of detached houses are smaller than 54 MAIN ROAD, and 73% of houses are larger. Note that EPC data is not available for all properties in Nether Broughton.

54 MAIN ROAD: Plot and Title Map

54 MAIN ROAD sits on a plot of roughly 0.109 of an acre, or 439m². The below map shows the location of 54 MAIN ROAD, 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 54 MAIN ROAD). 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 54 MAIN ROAD?

54 MAIN ROAD is located in NETHER BROUGHTON, in the LE14 postcode district. The below map shows the position of No. 54 on MAIN ROAD.