7, PERFORMANCE WAY, MELTON MOWBRAY, LE13 1FA - £122,500

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.

7 PERFORMANCE WAY is a very small terraced house of 57m², built in 2016, which could now be worth an estimated £139,881. It was last sold for £122,500 in April 2022, which was around 31% below the average April 2022 terraced price in the Melton local authority area. The most recent EPC inspection was August 2019, where the current energy rating was B, and the potential energy rating was A.

7 PERFORMANCE WAY Sold Prices

Land registry data shows three sales for 7 PERFORMANCE WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Melton local authority area for the corresponding sale date. All of the three 7 PERFORMANCE WAY 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
2022 8 APR	£122,500	£176,903	31% below HPI
2020 17 APR	£115,000	£152,965	25% below HPI
2017 15 JUN	£106,496	£151,730	30% below HPI

7 PERFORMANCE WAY Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Melton local authority area over time, sourced from the HPI. The three 7 PERFORMANCE WAY sales between June 2017 and April 2022 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 2020 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the April 2022 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

What might 7 PERFORMANCE WAY be worth now?

7 PERFORMANCE WAY might now be worth an estimated £139,881.

This is based on house price inflation of 14.2%, between April 2022 and May 2026, for terraced 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 14.2% inflationary increase is applied to the most recent sale price for 7 PERFORMANCE WAY of £122,500 on 8th April 2022. For the value to have increased from £122,500 to £139,881 over the three years and eleven months to May 2026, the following assumptions must hold true:

• The value of 7 PERFORMANCE WAY has moved in line with the HPI for terraced houses in the Melton local authority area.
• The April 2022 sale price of £122,500 represented a fair market value for the property.
• The size, condition, and specification of 7 PERFORMANCE WAY has not materially changed since April 2022.

How Large is 7 PERFORMANCE WAY?

7 PERFORMANCE WAY is 57m² according to the EPC inspection conducted in August 2019. This puts it in the smallest 10% of terraced houses houses in Melton Mowbray, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Melton Mowbray, and where 7 PERFORMANCE WAY lies on this distribution: 3% of terraced houses houses are smaller than 7 PERFORMANCE WAY, and 97% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

7 PERFORMANCE WAY: Plot and Title Map

7 PERFORMANCE WAY sits on a plot of roughly 0.026 of an acre, or 106m². The below map shows the location of 7 PERFORMANCE WAY, 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 7 PERFORMANCE WAY). 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 7 PERFORMANCE WAY?

7 PERFORMANCE WAY is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 7 on PERFORMANCE WAY.