302, MELBOURNE ROAD, IBSTOCK, LE67 6NR - £156,000

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.

302 MELBOURNE ROAD is a small extended semi-detached house of 98m², built sometime between 1930 and 1949, which could now be worth an estimated £244,534. It was last sold for £156,000 in October 2015, which was about the average October 2015 semi-detached price in the North West Leicestershire local authority area. The most recent EPC inspection was August 2013, where the current energy rating was F, and the potential energy rating was C.

302 MELBOURNE ROAD Sold Prices

Land registry data shows two sales for 302 MELBOURNE ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the North West Leicestershire local authority area for the corresponding sale date. One of the two 302 MELBOURNE ROAD sales was roughly equal to the average price, whilst the other was 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
2015 23 OCT	£156,000	£156,386	Close to HPI
2013 29 NOV	£156,000	£138,877	12% above HPI

302 MELBOURNE ROAD Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the North West Leicestershire local authority area over time, sourced from the HPI. The two 302 MELBOURNE ROAD sales from November 2013 and October 2015 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 November 2013 sale was for 12% above the HPI. So the extrapolation line tracks at 12% above the HPI over time, until the October 2015 sale, where it falls to roughly the same level as the HPI. The line then continues to track in line with the HPI.

What might 302 MELBOURNE ROAD be worth now?

302 MELBOURNE ROAD might now be worth an estimated £244,534.

This is based on house price inflation of 56.8%, between October 2015 and February 2025, for semi-detached houses, in the North West Leicestershire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 56.8% inflationary increase is applied to the most recent sale price for 302 MELBOURNE ROAD of £156,000 on 23rd October 2015. For the value to have increased from £156,000 to £244,534 over the ten years and eight months to February 2025, the following assumptions must hold true:

• The value of 302 MELBOURNE ROAD has moved in line with the HPI for semi-detached houses in the North West Leicestershire local authority area.
• The October 2015 sale price of £156,000 represented a fair market value for the property.
• The size, condition, and specification of 302 MELBOURNE ROAD has not materially changed since October 2015.

How Large is 302 MELBOURNE ROAD?

302 MELBOURNE ROAD is 98m², which includes one extension, according to the EPC inspection conducted in August 2013. This puts it in the smallest 40% of semi-detached houses houses in Ibstock, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Ibstock, and where 302 MELBOURNE ROAD lies on this distribution: 30% of semi-detached houses houses are smaller than 302 MELBOURNE ROAD, and 69% of houses are larger. Note that EPC data is not available for all properties in Ibstock.

302 MELBOURNE ROAD: Plot and Title Map

302 MELBOURNE ROAD sits on a plot of roughly 0.098 of an acre, or 395m². The below map shows the location of 302 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 302 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 302 MELBOURNE ROAD?

302 MELBOURNE ROAD is located in IBSTOCK, in the LE67 postcode district. The below map shows the position of No. 302 on MELBOURNE ROAD.