261, MELBOURNE ROAD, IBSTOCK, LE67 6NS - £295,000

261 MELBOURNE ROAD is a very large extended detached house of 214m², built sometime between 1900 and 1929. It was last sold for £295,000 in June 2004, which was around 51% above the average June 2004 detached price in the North West Leicestershire local authority area. The most recent EPC inspection was August 2010, where the current energy rating was D, and the potential energy rating was D.

261 MELBOURNE ROAD Sold Prices

Land registry data shows three sales for 261 MELBOURNE ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the North West Leicestershire local authority area for the corresponding sale date. One of the three 261 MELBOURNE ROAD sales was for above the average price, whilst two 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
2004 25 JUN	£295,000	£195,008	51% above HPI
1999 20 AUG	£67,000	£91,687	27% below HPI
1995 27 JAN	£43,000	£74,771	42% below HPI

261 MELBOURNE ROAD Price Paid vs. HPI Average

The below graph shows the average detached house price in the North West Leicestershire local authority area over time, sourced from the HPI. The three 261 MELBOURNE ROAD sales between January 1995 and June 2004 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 1999 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the June 2004 sale, where it rises to 51% above the HPI. The line then continues to track at 51% above the HPI.

How Large is 261 MELBOURNE ROAD?

261 MELBOURNE ROAD is 214m², which includes two extensions, according to the EPC inspection conducted in August 2010. This puts it in the largest 10% of detached houses in Ibstock, based on EPC data. The below chart shows the distribution of detached houses by size in Ibstock, and where 261 MELBOURNE ROAD lies on this distribution: 98% of detached houses are smaller than 261 MELBOURNE ROAD, and 2% of houses are larger. Note that EPC data is not available for all properties in Ibstock.

261 MELBOURNE ROAD: Plot and Title Map

261 MELBOURNE ROAD sits on a plot of roughly 0.164 of an acre, or 665m². The below map shows the location of 261 MELBOURNE ROAD, 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 261 MELBOURNE ROAD). 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 261 MELBOURNE ROAD?

261 MELBOURNE ROAD is located in IBSTOCK, in the LE67 postcode district. The below map shows the position of No. 261 on MELBOURNE ROAD.