63, REDWOOD AVENUE, MELTON MOWBRAY, LE13 1TZ - £183,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

63 REDWOOD AVENUE is a small extended detached house of 92m², built sometime between 1967 and 1975. It was last sold for £183,000 in January 2015, which was around 29% below the average January 2015 detached price in the Melton local authority area. The most recent EPC inspection was November 2016, where the current energy rating was D, and the potential energy rating was B.

63 REDWOOD AVENUE Sold Prices

Land registry data shows two sales for 63 REDWOOD AVENUE 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 63 REDWOOD AVENUE 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
2015 23 JAN	£183,000	£256,518	29% below HPI
1999 21 MAY	£69,000	£93,975	27% below HPI

63 REDWOOD AVENUE 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 63 REDWOOD AVENUE sales from May 1999 and January 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 May 1999 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the January 2015 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

How Large is 63 REDWOOD AVENUE?

63 REDWOOD AVENUE is 92m², which includes two extensions, according to the EPC inspection conducted in November 2016. This puts it in the smallest 40% of detached houses in Melton Mowbray, based on EPC data. The below chart shows the distribution of detached houses by size in Melton Mowbray, and where 63 REDWOOD AVENUE lies on this distribution: 31% of detached houses are smaller than 63 REDWOOD AVENUE, and 68% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

63 REDWOOD AVENUE: Plot and Title Map

63 REDWOOD AVENUE sits on a plot of roughly 0.065 of an acre, or 263m². The below map shows the location of 63 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 63 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 63 REDWOOD AVENUE?

63 REDWOOD AVENUE is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 63 on REDWOOD AVENUE.