THE NOOK, MAIN ROAD, UPPER BROUGHTON, MELTON MOWBRAY, LE14 3BG - £227,500

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 NOOK is a very small extended detached house of 82m², built sometime before 1900. It was last sold for £227,500 in April 2021, which was around 45% below the average April 2021 detached price in the Rushcliffe local authority area. The most recent EPC inspection was June 2016, where the current energy rating was E, and the potential energy rating was C.

THE NOOK Sold Prices

Land registry data shows three sales for THE NOOK since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Rushcliffe local authority area for the corresponding sale date. All of the three THE NOOK 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
2021 1 APR	£227,500	£411,742	45% below HPI
2017 13 APR	£196,000	£343,903	43% below HPI
2003 5 SEP	£120,000	£238,978	50% below HPI

THE NOOK Price Paid vs. HPI Average

The below graph shows the average detached house price in the Rushcliffe local authority area over time, sourced from the HPI. The three THE NOOK sales between September 2003 and April 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 April 2017 sale was for 43% below the HPI. So the extrapolation line tracks at 43% below the HPI over time, until the April 2021 sale, where it falls to 45% below the HPI. The line then continues to track at 45% below the HPI.

How Large is THE NOOK?

THE NOOK is 82m², which includes two extensions, according to the EPC inspection conducted in June 2016. This puts it in the smallest 10% of detached houses in Upper Broughton, based on EPC data. The below chart shows the distribution of detached houses by size in Upper Broughton, and where THE NOOK lies on this distribution: 3% of detached houses are smaller than THE NOOK, and 98% of houses are larger. Note that EPC data is not available for all properties in Upper Broughton.

THE NOOK: Plot and Title Map

THE NOOK sits on a plot of roughly 0.010 of an acre, or 38m². The below map shows the location of THE NOOK, 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 NOOK). 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 NOOK?

THE NOOK is located on MAIN ROAD in UPPER BROUGHTON, in the LE14 postcode district. The below map shows the position of THE NOOK on MAIN ROAD.