8, HORSEGUARDS WAY, MELTON MOWBRAY, LE13 0SU - £280,000

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 HORSEGUARDS WAY is a large detached house of 135m², built sometime between 1991 and 1995, which could now be worth an estimated £421,904. It was last sold for £280,000 in September 2014, which was around 6% above the average September 2014 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.

8 HORSEGUARDS WAY Sold Prices

Land registry data shows three sales for 8 HORSEGUARDS WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Melton local authority area for the corresponding sale date. Two of the three 8 HORSEGUARDS WAY 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
2014 26 SEP	£280,000	£265,179	6% above HPI
2011 25 JAN	£237,500	£244,997	3% below HPI
2002 29 NOV	£186,950	£173,182	8% above HPI

8 HORSEGUARDS WAY 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 three 8 HORSEGUARDS WAY sales between November 2002 and September 2014 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 January 2011 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the September 2014 sale, where it rises to 6% above the HPI. The line then continues to track at 6% above the HPI.

What might 8 HORSEGUARDS WAY be worth now?

8 HORSEGUARDS WAY might now be worth an estimated £421,904.

This is based on house price inflation of 50.7%, between September 2014 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 50.7% inflationary increase is applied to the most recent sale price for 8 HORSEGUARDS WAY of £280,000 on 26th September 2014. For the value to have increased from £280,000 to £421,904 over the eleven years and seven months to February 2025, the following assumptions must hold true:

• The value of 8 HORSEGUARDS WAY has moved in line with the HPI for detached houses in the Melton local authority area.
• The September 2014 sale price of £280,000 represented a fair market value for the property.
• The size, condition, and specification of 8 HORSEGUARDS WAY has not materially changed since September 2014.

How Large is 8 HORSEGUARDS WAY?

8 HORSEGUARDS WAY is 135m² according to the EPC inspection conducted in November 2016. 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 HORSEGUARDS WAY lies on this distribution: 77% of detached houses houses are smaller than 8 HORSEGUARDS WAY, and 23% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

8 HORSEGUARDS WAY: Plot and Title Map

8 HORSEGUARDS WAY sits on a plot of roughly 0.134 of an acre, or 544m². The below map shows the location of 8 HORSEGUARDS WAY, 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 HORSEGUARDS WAY). 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 HORSEGUARDS WAY?

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