SCHOOL BUNGALOW, DALBY ROAD, MELTON MOWBRAY, LE13 0BJ - £310,000

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.

SCHOOL BUNGALOW is a very small detached house of 83m², built sometime between 1967 and 1975, which could now be worth an estimated £335,474. It was last sold for £310,000 in July 2024, which was around 16% below the average July 2024 detached price in the Melton local authority area. The most recent EPC inspection was August 2015, where the current energy rating was E, and the potential energy rating was C.

SCHOOL BUNGALOW Sold Prices

Land registry data shows two sales for SCHOOL BUNGALOW 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. Both of the two SCHOOL BUNGALOW 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
2024 22 JUL	£310,000	£369,231	16% below HPI
2015 16 OCT	£160,000	£278,901	43% below HPI

SCHOOL BUNGALOW 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 SCHOOL BUNGALOW sales from October 2015 and July 2024 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 October 2015 sale was for 43% below the HPI. So the extrapolation line tracks at 43% below the HPI over time, until the July 2024 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might SCHOOL BUNGALOW be worth now?

SCHOOL BUNGALOW might now be worth an estimated £335,474.

This is based on house price inflation of 8.2%, between July 2024 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 8.2% inflationary increase is applied to the most recent sale price for SCHOOL BUNGALOW of £310,000 on 22nd July 2024. For the value to have increased from £310,000 to £335,474 over the one year and five months to February 2025, the following assumptions must hold true:

• The value of SCHOOL BUNGALOW has moved in line with the HPI for detached houses in the Melton local authority area.
• The July 2024 sale price of £310,000 represented a fair market value for the property.
• The size, condition, and specification of SCHOOL BUNGALOW has not materially changed since July 2024.

How Large is SCHOOL BUNGALOW?

SCHOOL BUNGALOW is 83m² according to the EPC inspection conducted in August 2015. This puts it in the smallest 20% 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 SCHOOL BUNGALOW lies on this distribution: 17% of detached houses houses are smaller than SCHOOL BUNGALOW, and 81% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

SCHOOL BUNGALOW: Plot and Title Map

SCHOOL BUNGALOW sits on a plot of roughly 0.368 of an acre, or 1,490m². The below map shows the location of SCHOOL BUNGALOW, 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 SCHOOL BUNGALOW). 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 SCHOOL BUNGALOW?

SCHOOL BUNGALOW is located on DALBY ROAD in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of SCHOOL BUNGALOW on DALBY ROAD.