9, GRANTWOOD ROAD, MELTON MOWBRAY, LE13 1SB - £269,500

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.

9 GRANTWOOD ROAD is a small detached house of 91m², built sometime between 1950 and 1966, which could now be worth an estimated £394,260. It was last sold for £269,500 in November 2014, which was around 1% above the average November 2014 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 B.

9 GRANTWOOD ROAD Sold Prices

Land registry data shows two sales for 9 GRANTWOOD 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 9 GRANTWOOD 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
2014 14 NOV	£269,500	£267,205	1% above HPI
2013 28 FEB	£190,000	£235,717	19% below HPI

9 GRANTWOOD 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 9 GRANTWOOD ROAD sales from February 2013 and November 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 February 2013 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the November 2014 sale, where it rises to 1% above the HPI. The line then continues to track at 1% above the HPI.

What might 9 GRANTWOOD ROAD be worth now?

9 GRANTWOOD ROAD might now be worth an estimated £394,260.

This is based on house price inflation of 46.3%, between November 2014 and March 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 46.3% inflationary increase is applied to the most recent sale price for 9 GRANTWOOD ROAD of £269,500 on 14th November 2014. For the value to have increased from £269,500 to £394,260 over the eleven years and eight months to March 2025, the following assumptions must hold true:

• The value of 9 GRANTWOOD ROAD has moved in line with the HPI for detached houses in the Melton local authority area.
• The November 2014 sale price of £269,500 represented a fair market value for the property.
• The size, condition, and specification of 9 GRANTWOOD ROAD has not materially changed since November 2014.

How Large is 9 GRANTWOOD ROAD?

9 GRANTWOOD ROAD is 91m² according to the EPC inspection conducted in July 2012. This puts it in the smallest 40% 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 9 GRANTWOOD ROAD lies on this distribution: 30% of detached houses houses are smaller than 9 GRANTWOOD ROAD, and 68% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

9 GRANTWOOD ROAD: Plot and Title Map

9 GRANTWOOD ROAD sits on a plot of roughly 0.137 of an acre, or 556m². The below map shows the location of 9 GRANTWOOD 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 9 GRANTWOOD 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 9 GRANTWOOD ROAD?

9 GRANTWOOD ROAD is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 9 on GRANTWOOD ROAD.