3, BURDEN LANE, HARBY, MELTON MOWBRAY, LE14 4BB - £360,000

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.

3 BURDEN LANE is a small detached house of 114m², built sometime between 1950 and 1966, which could now be worth an estimated £413,902. It was last sold for £360,000 in October 2020, which was around 3% above the average October 2020 detached price in the Melton local authority area. The most recent EPC inspection was April 2019, where the current energy rating was E, and the potential energy rating was D.

3 BURDEN LANE Sold Prices

Land registry data shows three sales for 3 BURDEN LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Melton local authority area for the corresponding sale date. The three 3 BURDEN LANE sales were a mix of above the average price, and roughly equal to 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
2020 23 OCT	£360,000	£350,118	3% above HPI
2008 8 APR	£345,000	£249,254	38% above HPI
2007 8 MAY	£250,000	£248,980	Close to HPI

3 BURDEN LANE 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 three 3 BURDEN LANE sales between May 2007 and October 2020 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 2008 sale was for 38% above the HPI. So the extrapolation line tracks at 38% above the HPI over time, until the October 2020 sale, where it falls to 3% above the HPI. The line then continues to track at 3% above the HPI.

What might 3 BURDEN LANE be worth now?

3 BURDEN LANE might now be worth an estimated £413,902.

This is based on house price inflation of 15%, between October 2020 and May 2026, for 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 15% inflationary increase is applied to the most recent sale price for 3 BURDEN LANE of £360,000 on 23rd October 2020. For the value to have increased from £360,000 to £413,902 over the six years and five months to May 2026, the following assumptions must hold true:

• The value of 3 BURDEN LANE has moved in line with the HPI for detached houses in the Melton local authority area.
• The October 2020 sale price of £360,000 represented a fair market value for the property.
• The size, condition, and specification of 3 BURDEN LANE has not materially changed since October 2020.

How Large is 3 BURDEN LANE?

3 BURDEN LANE is 114m² according to the EPC inspection conducted in April 2019. This puts it in the smallest 40% of detached houses houses in Harby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Harby, and where 3 BURDEN LANE lies on this distribution: 36% of detached houses houses are smaller than 3 BURDEN LANE, and 62% of houses are larger. Note that EPC data is not available for all properties in Harby.

3 BURDEN LANE: Plot and Title Map

3 BURDEN LANE sits on a plot of roughly 0.176 of an acre, or 711m². The below map shows the location of 3 BURDEN LANE, 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 3 BURDEN LANE). 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 3 BURDEN LANE?

3 BURDEN LANE is located in HARBY, in the LE14 postcode district. The below map shows the position of No. 3 on BURDEN LANE.