138, REDWOOD AVENUE, MELTON MOWBRAY, LE13 1UF - £225,000

138 REDWOOD AVENUE is a very small detached house of 80m², built sometime between 1967 and 1975. It was last sold for £225,000 in August 2013, which was around 3% below the average August 2013 detached price in the Melton local authority area. The most recent EPC inspection was March 2012, where the current energy rating was D, and the potential energy rating was D.

138 REDWOOD AVENUE Sold Prices

Land registry data shows two sales for 138 REDWOOD AVENUE 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 138 REDWOOD AVENUE 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
2013 23 AUG	£225,000	£230,870	3% below HPI
2004 24 MAY	£165,000	£205,881	20% below HPI

138 REDWOOD AVENUE 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 138 REDWOOD AVENUE sales from May 2004 and August 2013 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 2004 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the August 2013 sale, where it rises to 3% below the HPI. The line then continues to track at 3% below the HPI.

How Large is 138 REDWOOD AVENUE?

138 REDWOOD AVENUE is 80m² according to the EPC inspection conducted in March 2012. This puts it in the smallest 20% of detached houses in Melton Mowbray, based on EPC data. The below chart shows the distribution of detached houses by size in Melton Mowbray, and where 138 REDWOOD AVENUE lies on this distribution: 15% of detached houses are smaller than 138 REDWOOD AVENUE, and 85% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

138 REDWOOD AVENUE: Plot and Title Map

138 REDWOOD AVENUE sits on a plot of roughly 0.108 of an acre, or 438m². The below map shows the location of 138 REDWOOD AVENUE, 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 138 REDWOOD AVENUE). 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 138 REDWOOD AVENUE?

138 REDWOOD AVENUE is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 138 on REDWOOD AVENUE.