62, REDWOOD AVENUE, MELTON MOWBRAY, LE13 1UT - £192,500

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

62 REDWOOD AVENUE is a midsized extended semi-detached house of 114m², built sometime between 1967 and 1975, which could now be worth an estimated £264,482. It was last sold for £192,500 in December 2016, which was around 8% above the average December 2016 semi-detached price in the Melton local authority area. The most recent EPC inspection was April 2011, where the current energy rating was D, and the potential energy rating was C.

62 REDWOOD AVENUE Sold Prices

Land registry data shows three sales for 62 REDWOOD AVENUE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Melton local authority area for the corresponding sale date. Two of the three 62 REDWOOD AVENUE sales were for above the average price, whilst one was 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 6 DEC	£192,500	£178,266	8% above HPI
2012 17 AUG	£146,000	£150,244	3% below HPI
2003 20 NOV	£139,000	£121,695	14% above HPI

62 REDWOOD AVENUE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Melton local authority area over time, sourced from the HPI. The three 62 REDWOOD AVENUE sales between November 2003 and December 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 August 2012 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the December 2016 sale, where it rises to 8% above the HPI. The line then continues to track at 8% above the HPI.

What might 62 REDWOOD AVENUE be worth now?

62 REDWOOD AVENUE might now be worth an estimated £264,482.

This is based on house price inflation of 37.4%, between December 2016 and December 2024, for semi-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 37.4% inflationary increase is applied to the most recent sale price for 62 REDWOOD AVENUE of £192,500 on 6th December 2016. For the value to have increased from £192,500 to £264,482 over the eight years to December 2024, the following assumptions must hold true:

• The value of 62 REDWOOD AVENUE has moved in line with the HPI for semi-detached houses in the Melton local authority area.
• The December 2016 sale price of £192,500 represented a fair market value for the property.
• The size, condition, and specification of 62 REDWOOD AVENUE has not materially changed since December 2016.

How Large is 62 REDWOOD AVENUE?

62 REDWOOD AVENUE is 114m², which includes two extensions, according to the EPC inspection conducted in April 2011. This puts it in the largest 50% of semi-detached houses houses in Melton Mowbray, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Melton Mowbray, and where 62 REDWOOD AVENUE lies on this distribution: 55% of semi-detached houses houses are smaller than 62 REDWOOD AVENUE, and 45% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

62 REDWOOD AVENUE: Plot and Title Map

62 REDWOOD AVENUE sits on a plot of roughly 0.059 of an acre, or 239m². The below map shows the location of 62 REDWOOD AVENUE, 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 62 REDWOOD AVENUE). 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 62 REDWOOD AVENUE?

62 REDWOOD AVENUE is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 62 on REDWOOD AVENUE.