8, GLOUCESTER AVENUE, MELTON MOWBRAY, LE13 0AG - £350,000

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.

8 GLOUCESTER AVENUE is a large extended detached house of 132m², built sometime between 1930 and 1949, which could now be worth an estimated £385,157. It was last sold for £350,000 in December 2021, which was around 4% below the average December 2021 detached price in the Melton local authority area. The most recent EPC inspection was May 2015, where the current energy rating was D, and the potential energy rating was C.

8 GLOUCESTER AVENUE Sold Prices

Land registry data shows four sales for 8 GLOUCESTER AVENUE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Melton local authority area for the corresponding sale date. The four 8 GLOUCESTER AVENUE sales were a mix of below the average price, and roughly equal to 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
2021 17 DEC	£350,000	£363,099	4% below HPI
2015 24 SEP	£270,000	£279,459	3% below HPI
2007 30 APR	£246,000	£252,881	3% below HPI
2001 21 JUN	£129,950	£129,478	Close to HPI

8 GLOUCESTER 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 four 8 GLOUCESTER AVENUE sales between June 2001 and December 2021 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 September 2015 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the December 2021 sale, where it falls to 4% below the HPI. The line then continues to track at 4% below the HPI.

What might 8 GLOUCESTER AVENUE be worth now?

8 GLOUCESTER AVENUE might now be worth an estimated £385,157.

This is based on house price inflation of 10%, between December 2021 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% inflationary increase is applied to the most recent sale price for 8 GLOUCESTER AVENUE of £350,000 on 17th December 2021. For the value to have increased from £350,000 to £385,157 over the four years and ten months to February 2025, the following assumptions must hold true:

• The value of 8 GLOUCESTER AVENUE has moved in line with the HPI for detached houses in the Melton local authority area.
• The December 2021 sale price of £350,000 represented a fair market value for the property.
• The size, condition, and specification of 8 GLOUCESTER AVENUE has not materially changed since December 2021.

How Large is 8 GLOUCESTER AVENUE?

8 GLOUCESTER AVENUE is 132m², which includes two extensions, according to the EPC inspection conducted in May 2015. This puts it in the largest 30% 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 8 GLOUCESTER AVENUE lies on this distribution: 74% of detached houses houses are smaller than 8 GLOUCESTER AVENUE, and 25% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

8 GLOUCESTER AVENUE: Plot and Title Map

8 GLOUCESTER AVENUE sits on a plot of roughly 0.096 of an acre, or 387m². The below map shows the location of 8 GLOUCESTER 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 8 GLOUCESTER 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 8 GLOUCESTER AVENUE?

8 GLOUCESTER AVENUE is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 8 on GLOUCESTER AVENUE.