74, WELBY LANE, MELTON MOWBRAY, LE13 0TD - £185,000

74 WELBY LANE is a very small detached house of 76m², built sometime between 1930 and 1949. It was last sold for £185,000 in July 2021, which was around 44% below the average July 2021 detached price in the Melton local authority area. The most recent EPC inspection was October 2012, where the current energy rating was D, and the potential energy rating was B.

74 WELBY LANE Sold Prices

Land registry data shows two sales for 74 WELBY LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Melton local authority area for the corresponding sale date. Both of the two 74 WELBY LANE 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
2021 9 JUL	£185,000	£331,140	44% below HPI
2016 26 FEB	£158,000	£267,466	41% below HPI

74 WELBY LANE 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 two 74 WELBY LANE sales from February 2016 and July 2021 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 2016 sale was for 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the July 2021 sale, where it falls to 44% below the HPI. The line then continues to track at 44% below the HPI.

How Large is 74 WELBY LANE?

74 WELBY LANE is 76m² according to the EPC inspection conducted in October 2012. 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 74 WELBY LANE lies on this distribution: 11% of detached houses are smaller than 74 WELBY LANE, and 89% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

74 WELBY LANE: Plot and Title Map

74 WELBY LANE sits on a plot of roughly 0.080 of an acre, or 325m². The below map shows the location of 74 WELBY LANE, 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 74 WELBY LANE). 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 74 WELBY LANE?

74 WELBY LANE is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 74 on WELBY LANE.