6, SCHOOL LANE, SCALFORD, MELTON MOWBRAY, LE14 4DT - £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

6 SCHOOL LANE is a very small detached house of 59m², built sometime between 1930 and 1949. It was last sold for £220,000 in August 2016, which was around 22% below the average August 2016 detached price in the Melton local authority area. The most recent EPC inspection was May 2010, where the current energy rating was E, and the potential energy rating was E.

6 SCHOOL LANE Sold Prices

Land registry data shows two sales for 6 SCHOOL 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 6 SCHOOL 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
2016 5 AUG	£220,000	£281,617	22% below HPI
1998 16 JAN	£68,000	£98,963	31% below HPI

6 SCHOOL 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 6 SCHOOL LANE sales from January 1998 and August 2016 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 January 1998 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the August 2016 sale, where it rises to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is 6 SCHOOL LANE?

6 SCHOOL LANE is 59m² according to the EPC inspection conducted in May 2010. This puts it in the smallest 10% of detached houses in Scalford, based on EPC data. The below chart shows the distribution of detached houses by size in Scalford, and where 6 SCHOOL LANE lies on this distribution: 4% of detached houses are smaller than 6 SCHOOL LANE, and 96% of houses are larger. Note that EPC data is not available for all properties in Scalford.

6 SCHOOL LANE: Plot and Title Map

6 SCHOOL LANE sits on a plot of roughly 0.132 of an acre, or 534m². The below map shows the location of 6 SCHOOL 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 6 SCHOOL 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 6 SCHOOL LANE?

6 SCHOOL LANE is located in SCALFORD, in the LE14 postcode district. The below map shows the position of No. 6 on SCHOOL LANE.