7, CAMBRIDGE AVENUE, MELTON MOWBRAY, LE13 0AA - £378,500

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

7 CAMBRIDGE AVENUE is a midsized extended detached house of 116m², built sometime between 1950 and 1966. It was last sold for £378,500 in May 2022, which was around 9% above the average May 2022 detached price in the Melton local authority area. The most recent EPC inspection was July 2012, where the current energy rating was D, and the potential energy rating was C.

7 CAMBRIDGE AVENUE Sold Prices

Land registry data shows six sales for 7 CAMBRIDGE AVENUE since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the Melton local authority area for the corresponding sale date. The six 7 CAMBRIDGE AVENUE sales were a mix of above the average price, roughly equal to the average price, and 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
2022 5 MAY	£378,500	£347,990	9% above HPI
2012 19 NOV	£239,000	£242,078	1% below HPI
2007 6 JUN	£232,500	£246,992	6% below HPI
2006 19 JUN	£230,000	£230,352	Close to HPI
2000 28 JUN	£109,000	£111,223	2% below HPI
1995 10 MAR	£81,000	£73,763	10% above HPI

7 CAMBRIDGE 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 six 7 CAMBRIDGE AVENUE sales between March 1995 and May 2022 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 November 2012 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the May 2022 sale, where it rises to 9% above the HPI. The line then continues to track at 9% above the HPI.

How Large is 7 CAMBRIDGE AVENUE?

7 CAMBRIDGE AVENUE is 116m², which includes one extension, according to the EPC inspection conducted in July 2012. This puts it in the largest 50% 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 7 CAMBRIDGE AVENUE lies on this distribution: 58% of detached houses are smaller than 7 CAMBRIDGE AVENUE, and 41% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

7 CAMBRIDGE AVENUE: Plot and Title Map

7 CAMBRIDGE AVENUE sits on a plot of roughly 0.114 of an acre, or 462m². The below map shows the location of 7 CAMBRIDGE 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 7 CAMBRIDGE 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 7 CAMBRIDGE AVENUE?

7 CAMBRIDGE AVENUE is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 7 on CAMBRIDGE AVENUE.