9, PALMERSTON ROAD, MELTON MOWBRAY, LE13 0SS - £245,000

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.

9 PALMERSTON ROAD is a midsized extended detached house of 110m², built sometime between 1950 and 1966, which could now be worth an estimated £303,451. It was last sold for £245,000 in September 2019, which was around 24% below the average September 2019 detached price in the Melton local authority area. The most recent EPC inspection was March 2018, where the current energy rating was D, and the potential energy rating was B.

9 PALMERSTON ROAD Sold Prices

Land registry data shows four sales for 9 PALMERSTON ROAD 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. All of the four 9 PALMERSTON ROAD 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
2019 3 SEP	£245,000	£322,606	24% below HPI
2018 14 SEP	£235,000	£337,877	30% below HPI
1999 25 JUN	£70,000	£101,035	31% below HPI
1997 28 OCT	£68,500	£89,651	24% below HPI

9 PALMERSTON 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 four 9 PALMERSTON ROAD sales between October 1997 and September 2019 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 2018 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the September 2019 sale, where it rises to 24% below the HPI. The line then continues to track at 24% below the HPI.

What might 9 PALMERSTON ROAD be worth now?

9 PALMERSTON ROAD might now be worth an estimated £303,451.

This is based on house price inflation of 23.9%, between September 2019 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 23.9% inflationary increase is applied to the most recent sale price for 9 PALMERSTON ROAD of £245,000 on 3rd September 2019. For the value to have increased from £245,000 to £303,451 over the six years and seven months to February 2025, the following assumptions must hold true:

• The value of 9 PALMERSTON ROAD has moved in line with the HPI for detached houses in the Melton local authority area.
• The September 2019 sale price of £245,000 represented a fair market value for the property.
• The size, condition, and specification of 9 PALMERSTON ROAD has not materially changed since September 2019.

How Large is 9 PALMERSTON ROAD?

9 PALMERSTON ROAD is 110m², which includes one extension, according to the EPC inspection conducted in March 2018. 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 9 PALMERSTON ROAD lies on this distribution: 51% of detached houses houses are smaller than 9 PALMERSTON ROAD, and 47% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

9 PALMERSTON ROAD: Plot and Title Map

9 PALMERSTON ROAD sits on a plot of roughly 0.110 of an acre, or 447m². The below map shows the location of 9 PALMERSTON 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 PALMERSTON 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 PALMERSTON ROAD?

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