98, REDWOOD AVENUE, MELTON MOWBRAY, LE13 1UT - £425,000

Based on the June 2024 Price Paid Data (released on 26 July 2024), the May 2024 House Price Index (released on 17 July 2024), and the June 2024 Energy Performance of Buildings Data (released on 25 July 2024). Sources

98 REDWOOD AVENUE is a very large extended detached house of 147m², built sometime between 1976 and 1982. It was last sold for £425,000 in October 2023, which was around 10% above the average October 2023 detached price in the Melton local authority area. The most recent EPC inspection was April 2023, where the current energy rating was D, and the potential energy rating was C.

98 REDWOOD AVENUE Sold Prices

Land registry data shows two sales for 98 REDWOOD AVENUE 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 98 REDWOOD AVENUE 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 6 OCT	£425,000	£385,094	10% above HPI
2012 21 DEC	£234,000	£237,756	2% below HPI

98 REDWOOD 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 two 98 REDWOOD AVENUE sales from December 2012 and October 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 December 2012 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the October 2023 sale, where it rises to 10% above the HPI. The line then continues to track at 10% above the HPI.

How Large is 98 REDWOOD AVENUE?

98 REDWOOD AVENUE is 147m², which includes three extensions, according to the EPC inspection conducted in April 2023. This puts it in the largest 20% of detached houses in Melton Mowbray, based on EPC data. The below chart shows the distribution of detached houses by size in Melton Mowbray, and where 98 REDWOOD AVENUE lies on this distribution: 82% of detached houses are smaller than 98 REDWOOD AVENUE, and 17% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

98 REDWOOD AVENUE: Plot and Title Map

98 REDWOOD AVENUE sits on a plot of roughly 0.157 of an acre, or 634m². The below map shows the location of 98 REDWOOD 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 98 REDWOOD 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 98 REDWOOD AVENUE?

98 REDWOOD AVENUE is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 98 on REDWOOD AVENUE.