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

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

7 CAMBRIDGE AVENUE is a midsized extended detached house of 116m², built sometime between 1950 and 1966, which could now be worth an estimated £419,015. It was last sold for £378,500 in May 2022, which was around 5% 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. Most of the six 7 CAMBRIDGE 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
2022 5 MAY	£378,500	£360,937	5% above HPI
2012 19 NOV	£239,000	£251,085	5% below HPI
2007 6 JUN	£232,500	£256,182	9% below HPI
2006 19 JUN	£230,000	£238,923	4% below HPI
2000 28 JUN	£109,000	£115,361	6% below HPI
1995 10 MAR	£81,000	£76,507	6% 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 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the May 2022 sale, where it rises to 5% above the HPI. The line then continues to track at 5% above the HPI.

What might 7 CAMBRIDGE AVENUE be worth now?

7 CAMBRIDGE AVENUE might now be worth an estimated £419,015.

This is based on house price inflation of 10.7%, between May 2022 and February 2025, for 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 10.7% inflationary increase is applied to the most recent sale price for 7 CAMBRIDGE AVENUE of £378,500 on 5th May 2022. For the value to have increased from £378,500 to £419,015 over the three years and three months to February 2025, the following assumptions must hold true:

• The value of 7 CAMBRIDGE AVENUE has moved in line with the HPI for detached houses in the Melton local authority area.
• The May 2022 sale price of £378,500 represented a fair market value for the property.
• The size, condition, and specification of 7 CAMBRIDGE AVENUE has not materially changed since May 2022.

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 houses in Melton Mowbray, based on EPC data. The below chart shows the distribution of detached houses houses by size in Melton Mowbray, and where 7 CAMBRIDGE AVENUE lies on this distribution: 59% of detached houses 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.