5, RED CAUSEWAY, HARBY, MELTON MOWBRAY, LE14 4BY - £390,000

5 RED CAUSEWAY is a midsized extended detached house of 116m², built sometime between 1976 and 1982. It was last sold for £390,000 in November 2020, which was around 17% above the average November 2020 detached price in the Melton local authority area. The most recent EPC inspection was July 2011, where the current energy rating was D, and the potential energy rating was C.

5 RED CAUSEWAY Sold Prices

Land registry data shows four sales for 5 RED CAUSEWAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Melton local authority area for the corresponding sale date. Most of the four 5 RED CAUSEWAY 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
2020 23 NOV	£390,000	£333,883	17% above HPI
2012 17 FEB	£221,500	£225,670	2% below HPI
2004 24 MAY	£189,950	£205,881	8% below HPI
1998 11 DEC	£81,000	£91,109	11% below HPI

5 RED CAUSEWAY 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 four 5 RED CAUSEWAY sales between December 1998 and November 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 February 2012 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the November 2020 sale, where it rises to 17% above the HPI. The line then continues to track at 17% above the HPI.

How Large is 5 RED CAUSEWAY?

5 RED CAUSEWAY is 116m², which includes one extension, according to the EPC inspection conducted in July 2011. This puts it in the smallest 40% of detached houses in Harby, based on EPC data. The below chart shows the distribution of detached houses by size in Harby, and where 5 RED CAUSEWAY lies on this distribution: 40% of detached houses are smaller than 5 RED CAUSEWAY, and 60% of houses are larger. Note that EPC data is not available for all properties in Harby.

5 RED CAUSEWAY: Plot and Title Map

5 RED CAUSEWAY sits on a plot of roughly 0.098 of an acre, or 397m². The below map shows the location of 5 RED CAUSEWAY, 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 5 RED CAUSEWAY). 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 5 RED CAUSEWAY?

5 RED CAUSEWAY is located in HARBY, in the LE14 postcode district. The below map shows the position of No. 5 on RED CAUSEWAY.