2, RED CAUSEWAY, HARBY, MELTON MOWBRAY, LE14 4BY - £146,000

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.

2 RED CAUSEWAY is a very small extended semi-detached house of 38m², built sometime before 1900, which could now be worth an estimated £162,378. It was last sold for £146,000 in September 2018, which was around 29% below the average September 2018 semi-detached price in the Melton local authority area. The most recent EPC inspection was January 2012, where the current energy rating was E, and the potential energy rating was E.

2 RED CAUSEWAY Sold Prices

Land registry data shows five sales for 2 RED CAUSEWAY since 1^st January 1995. The below table shows the price paid for the five sales, along with the average semi-detached price in the Melton local authority area for the corresponding sale date. Most of the five 2 RED CAUSEWAY 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 27 SEP	£146,000	£204,960	29% below HPI
2006 20 OCT	£172,500	£145,648	18% above HPI
2001 9 NOV	£91,000	£79,700	14% above HPI
1999 26 NOV	£66,750	£63,890	4% above HPI
1996 8 MAY	£47,500	£47,926	1% below HPI

2 RED CAUSEWAY Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Melton local authority area over time, sourced from the HPI. The five 2 RED CAUSEWAY sales between May 1996 and September 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 October 2006 sale was for 18% above the HPI. So the extrapolation line tracks at 18% above the HPI over time, until the September 2018 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

What might 2 RED CAUSEWAY be worth now?

2 RED CAUSEWAY might now be worth an estimated £162,378.

This is based on house price inflation of 11.2%, between September 2018 and June 2025, for semi-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 11.2% inflationary increase is applied to the most recent sale price for 2 RED CAUSEWAY of £146,000 on 27th September 2018. For the value to have increased from £146,000 to £162,378 over the seven years and three months to June 2025, the following assumptions must hold true:

• The value of 2 RED CAUSEWAY has moved in line with the HPI for semi-detached houses in the Melton local authority area.
• The September 2018 sale price of £146,000 represented a fair market value for the property.
• The size, condition, and specification of 2 RED CAUSEWAY has not materially changed since September 2018.

How Large is 2 RED CAUSEWAY?

2 RED CAUSEWAY is 38m², which includes one extension, according to the EPC inspection conducted in January 2012. This puts it in the smallest 10% of semi-detached houses houses in Harby, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Harby, and where 2 RED CAUSEWAY lies on this distribution: Less than 1% of semi-detached houses houses are smaller than 2 RED CAUSEWAY, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Harby.

2 RED CAUSEWAY: Plot and Title Map

2 RED CAUSEWAY sits on a plot of roughly 0.034 of an acre, or 138m². The below map shows the location of 2 RED CAUSEWAY, 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 2 RED CAUSEWAY). 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 2 RED CAUSEWAY?

2 RED CAUSEWAY is located in HARBY, in the LE14 postcode district. The below map shows the position of No. 2 on RED CAUSEWAY.