THE BARN, PENN LANE, STATHERN, MELTON MOWBRAY, LE14 4JA - £760,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

THE BARN is a very large extended detached house of 323m², built sometime between 1983 and 1990. It was last sold for £760,000 in January 2018, which was around 158% above the average January 2018 detached price in the Melton local authority area. The most recent EPC inspection was September 2017, where the current energy rating was D, and the potential energy rating was C.

THE BARN Sold Prices

Land registry data shows four sales for THE BARN 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 THE BARN 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
2018 12 JAN	£760,000	£294,536	158% above HPI
2001 31 AUG	£435,000	£126,082	245% above HPI
2000 2 AUG	£370,000	£113,271	227% above HPI
1995 15 DEC	£237,700	£77,093	208% above HPI

THE BARN 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 THE BARN sales between December 1995 and January 2018 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 August 2001 sale was for 245% above the HPI. So the extrapolation line tracks at 245% above the HPI over time, until the January 2018 sale, where it falls to 158% above the HPI. The line then continues to track at 158% above the HPI.

How Large is THE BARN?

THE BARN is 323m², which includes three extensions, according to the EPC inspection conducted in September 2017. This puts it in the largest 10% of detached houses in Stathern, based on EPC data. The below chart shows the distribution of detached houses by size in Stathern, and where THE BARN lies on this distribution: 99% of detached houses are smaller than THE BARN, and 1% of houses are larger. Note that EPC data is not available for all properties in Stathern.

THE BARN: Plot and Title Map

THE BARN sits on a plot of roughly 0.309 of an acre, or 1,252m². The below map shows the location of THE BARN, 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 THE BARN). 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 THE BARN?

THE BARN is located on PENN LANE in STATHERN, in the LE14 postcode district. The below map shows the position of THE BARN on PENN LANE.