8A, CITY ROAD, STATHERN, MELTON MOWBRAY, LE14 4HE - £460,000

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

8A CITY ROAD is a very small extended detached house of 90m², built sometime between 2007 and 2011. It was last sold for £460,000 in April 2023, which was around 25% above the average April 2023 detached price in the Melton local authority area. The most recent EPC inspection was September 2022, where the current energy rating was C, and the potential energy rating was B.

8A CITY ROAD Sold Prices

Land registry data shows two sales for 8A CITY ROAD 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. One of the two 8A CITY ROAD sales was for above the average price, whilst the other 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
2023 14 APR	£460,000	£369,336	25% above HPI
2020 11 SEP	£255,000	£330,548	23% below HPI

8A CITY ROAD 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 8A CITY ROAD sales from September 2020 and April 2023 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 2020 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the April 2023 sale, where it rises to 25% above the HPI. The line then continues to track at 25% above the HPI.

How Large is 8A CITY ROAD?

8A CITY ROAD is 90m², which includes one extension, according to the EPC inspection conducted in September 2022. This puts it in the smallest 20% of detached houses in Stathern, based on EPC data. The below chart shows the distribution of detached houses by size in Stathern, and where 8A CITY ROAD lies on this distribution: 11% of detached houses are smaller than 8A CITY ROAD, and 86% of houses are larger. Note that EPC data is not available for all properties in Stathern.

8A CITY ROAD: Plot and Title Map

8A CITY ROAD sits on a plot of roughly 0.157 of an acre, or 637m². The below map shows the location of 8A CITY ROAD, 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 8A CITY ROAD). 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 8A CITY ROAD?

8A CITY ROAD is located in STATHERN, in the LE14 postcode district. The below map shows the position of No. 8A on CITY ROAD.