3, CAMBRIDGE AVENUE, MELTON MOWBRAY, LE13 0AA - £365,000

3 CAMBRIDGE AVENUE is a very small extended detached house of 84m², built sometime between 1950 and 1966. It was last sold for £365,000 in January 2024, which was around 7% below the average January 2024 detached price in the Melton local authority area. The most recent EPC inspection was March 2022, where the current energy rating was D, and the potential energy rating was B.

3 CAMBRIDGE AVENUE Sold Prices

Land registry data shows three sales for 3 CAMBRIDGE AVENUE 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. All of the three 3 CAMBRIDGE 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
2024 19 JAN	£365,000	£390,574	7% below HPI
2022 5 AUG	£355,000	£373,632	5% below HPI
2018 14 JUN	£210,000	£306,281	31% below HPI

3 CAMBRIDGE 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 three 3 CAMBRIDGE AVENUE sales between June 2018 and January 2024 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 2022 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the January 2024 sale, where it falls to 7% below the HPI. The line then continues to track at 7% below the HPI.

How Large is 3 CAMBRIDGE AVENUE?

3 CAMBRIDGE AVENUE is 84m², which includes two extensions, according to the EPC inspection conducted in March 2022. 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 3 CAMBRIDGE AVENUE lies on this distribution: 19% of detached houses are smaller than 3 CAMBRIDGE AVENUE, and 80% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

3 CAMBRIDGE AVENUE: Plot and Title Map

3 CAMBRIDGE AVENUE sits on a plot of roughly 0.112 of an acre, or 453m². The below map shows the location of 3 CAMBRIDGE 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 3 CAMBRIDGE 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 3 CAMBRIDGE AVENUE?

3 CAMBRIDGE AVENUE is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 3 on CAMBRIDGE AVENUE.