THE WHEEL HOUSE, MAIN STREET, HICKLING, MELTON MOWBRAY, LE14 3AJ - £637,500

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.

THE WHEEL HOUSE is a large extended detached house of 218m², built sometime before 1900, which could now be worth an estimated £865,687. It was last sold for £637,500 in February 2019, which was around 71% above the average February 2019 detached price in the Rushcliffe local authority area. The most recent EPC inspection was September 2018, where the current energy rating was D, and the potential energy rating was C.

THE WHEEL HOUSE Sold Prices

Land registry data shows three sales for THE WHEEL HOUSE 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 WHEEL HOUSE 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
2019 8 FEB	£637,500	£372,783	71% above HPI
2003 3 JUL	£278,000	£240,776	15% above HPI
1996 27 SEP	£133,000	£93,021	43% above HPI

THE WHEEL HOUSE 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 WHEEL HOUSE sales between September 1996 and February 2019 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 July 2003 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the February 2019 sale, where it rises to 71% above the HPI. The line then continues to track at 71% above the HPI.

What might THE WHEEL HOUSE be worth now?

THE WHEEL HOUSE might now be worth an estimated £865,687.

This is based on house price inflation of 35.8%, between February 2019 and March 2025, for detached houses, in the Rushcliffe local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 35.8% inflationary increase is applied to the most recent sale price for THE WHEEL HOUSE of £637,500 on 8th February 2019. For the value to have increased from £637,500 to £865,687 over the five years and eleven months to March 2025, the following assumptions must hold true:

• The value of THE WHEEL HOUSE has moved in line with the HPI for detached houses in the Rushcliffe local authority area.
• The February 2019 sale price of £637,500 represented a fair market value for the property.
• The size, condition, and specification of THE WHEEL HOUSE has not materially changed since February 2019.

How Large is THE WHEEL HOUSE?

THE WHEEL HOUSE is 218m², which includes four extensions, according to the EPC inspection conducted in September 2018. This puts it in the largest 20% of detached houses houses in Hickling, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hickling, and where THE WHEEL HOUSE lies on this distribution: 78% of detached houses houses are smaller than THE WHEEL HOUSE, and 19% of houses are larger. Note that EPC data is not available for all properties in Hickling.

THE WHEEL HOUSE: Plot and Title Map

THE WHEEL HOUSE sits on a plot of roughly 0.131 of an acre, or 530m². The below map shows the location of THE WHEEL HOUSE, 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 WHEEL HOUSE). 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 WHEEL HOUSE?

THE WHEEL HOUSE is located on MAIN STREET in HICKLING, in the LE14 postcode district. The below map shows the position of THE WHEEL HOUSE on MAIN STREET.