MELVAIG, MANOR ROAD, ULLESTHORPE, LUTTERWORTH, LE17 5BN - £555,000

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.

MELVAIG is a very large extended detached house of 195m², built sometime between 1950 and 1966, which could now be worth an estimated £660,781. It was last sold for £555,000 in June 2021, which was around 36% above the average June 2021 detached price in the Harborough local authority area. The most recent EPC inspection was September 2014, where the current energy rating was C, and the potential energy rating was B.

MELVAIG Sold Prices

Land registry data shows three sales for MELVAIG since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Harborough local authority area for the corresponding sale date. All of the three MELVAIG sales were for above 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
2021 23 JUN	£555,000	£407,659	36% above HPI
2009 15 MAY	£275,000	£239,885	15% above HPI
1996 8 JUL	£91,000	£85,984	6% above HPI

MELVAIG Price Paid vs. HPI Average

The below graph shows the average detached house price in the Harborough local authority area over time, sourced from the HPI. The three MELVAIG sales between July 1996 and June 2021 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 May 2009 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the June 2021 sale, where it rises to 36% above the HPI. The line then continues to track at 36% above the HPI.

What might MELVAIG be worth now?

MELVAIG might now be worth an estimated £660,781.

This is based on house price inflation of 19.1%, between June 2021 and February 2025, for detached houses, in the Harborough local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 19.1% inflationary increase is applied to the most recent sale price for MELVAIG of £555,000 on 23rd June 2021. For the value to have increased from £555,000 to £660,781 over the four years and four months to February 2025, the following assumptions must hold true:

• The value of MELVAIG has moved in line with the HPI for detached houses in the Harborough local authority area.
• The June 2021 sale price of £555,000 represented a fair market value for the property.
• The size, condition, and specification of MELVAIG has not materially changed since June 2021.

How Large is MELVAIG?

MELVAIG is 195m², which includes one extension, according to the EPC inspection conducted in September 2014. This puts it in the largest 10% of detached houses houses in Ullesthorpe, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ullesthorpe, and where MELVAIG lies on this distribution: 91% of detached houses houses are smaller than MELVAIG, and 9% of houses are larger. Note that EPC data is not available for all properties in Ullesthorpe.

MELVAIG: Plot and Title Map

MELVAIG sits on a plot of roughly 0.225 of an acre, or 909m². The below map shows the location of MELVAIG, 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 MELVAIG). 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 MELVAIG?

MELVAIG is located on MANOR ROAD in ULLESTHORPE, in the LE17 postcode district. The below map shows the position of MELVAIG on MANOR ROAD.