40, HEATHER CRESCENT, MELTON MOWBRAY, LE13 0FP - £160,250

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.

40 HEATHER CRESCENT is a midsized semi-detached house of 102m², built sometime between 1996 and 2002, which could now be worth an estimated £267,147. It was last sold for £160,250 in November 2011, which was around 10% above the average November 2011 semi-detached price in the Melton local authority area. The most recent EPC inspection was August 2009, where the current energy rating was C, and the potential energy rating was C.

40 HEATHER CRESCENT Sold Prices

Land registry data shows three sales for 40 HEATHER CRESCENT since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Melton local authority area for the corresponding sale date. All of the three 40 HEATHER CRESCENT 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
2011 24 NOV	£160,250	£145,252	10% above HPI
2009 17 NOV	£156,500	£141,381	11% above HPI
1999 19 AUG	£88,500	£59,527	49% above HPI

40 HEATHER CRESCENT 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 three 40 HEATHER CRESCENT sales between August 1999 and November 2011 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 2009 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the November 2011 sale, where it falls to 10% above the HPI. The line then continues to track at 10% above the HPI.

What might 40 HEATHER CRESCENT be worth now?

40 HEATHER CRESCENT might now be worth an estimated £267,147.

This is based on house price inflation of 66.7%, between November 2011 and March 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 66.7% inflationary increase is applied to the most recent sale price for 40 HEATHER CRESCENT of £160,250 on 24th November 2011. For the value to have increased from £160,250 to £267,147 over the fourteen years and eight months to March 2025, the following assumptions must hold true:

• The value of 40 HEATHER CRESCENT has moved in line with the HPI for semi-detached houses in the Melton local authority area.
• The November 2011 sale price of £160,250 represented a fair market value for the property.
• The size, condition, and specification of 40 HEATHER CRESCENT has not materially changed since November 2011.

How Large is 40 HEATHER CRESCENT?

40 HEATHER CRESCENT is 102m² according to the EPC inspection conducted in August 2009. This puts it in the smallest 50% of semi-detached houses houses in Melton Mowbray, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Melton Mowbray, and where 40 HEATHER CRESCENT lies on this distribution: 43% of semi-detached houses houses are smaller than 40 HEATHER CRESCENT, and 57% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

40 HEATHER CRESCENT: Plot and Title Map

40 HEATHER CRESCENT sits on a plot of roughly 0.064 of an acre, or 258m². The below map shows the location of 40 HEATHER CRESCENT, 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 40 HEATHER CRESCENT). 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 40 HEATHER CRESCENT?

40 HEATHER CRESCENT is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 40 on HEATHER CRESCENT.