78, VICTORIA STREET, MELTON MOWBRAY, LE13 0AS - £170,000

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.

78 VICTORIA STREET is a very small extended terraced house of 69m², built sometime before 1900, which could now be worth an estimated £167,178. It was last sold for £170,000 in July 2022, which was around 10% below the average July 2022 terraced price in the Melton local authority area. The most recent EPC inspection was March 2022, where the current energy rating was D, and the potential energy rating was B.

78 VICTORIA STREET Sold Prices

Land registry data shows two sales for 78 VICTORIA STREET since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Melton local authority area for the corresponding sale date. Both of the two 78 VICTORIA STREET 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 27 JUL	£170,000	£189,341	10% below HPI
2011 18 FEB	£93,000	£119,477	22% below HPI

78 VICTORIA STREET 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 two 78 VICTORIA STREET sales from February 2011 and July 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 February 2011 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the July 2022 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

What might 78 VICTORIA STREET be worth now?

78 VICTORIA STREET might now be worth an estimated £167,178.

This is based on house price deflation of 1.7%, between July 2022 and July 2025, 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 1.7% deflationary decrease is applied to the most recent sale price for 78 VICTORIA STREET of £170,000 on 27th July 2022. For the value to have decreased from £170,000 to £167,178 over the three years to July 2025, the following assumptions must hold true:

• The value of 78 VICTORIA STREET has moved in line with the HPI for terraced houses in the Melton local authority area.
• The July 2022 sale price of £170,000 represented a fair market value for the property.
• The size, condition, and specification of 78 VICTORIA STREET has not materially changed since July 2022.

How Large is 78 VICTORIA STREET?

78 VICTORIA STREET is 69m², which includes one extension, according to the EPC inspection conducted in March 2022. 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 78 VICTORIA STREET lies on this distribution: 6% of terraced houses houses are smaller than 78 VICTORIA STREET, and 93% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

78 VICTORIA STREET: Plot and Title Map

78 VICTORIA STREET sits on a plot of roughly 0.048 of an acre, or 193m². The below map shows the location of 78 VICTORIA STREET, 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 78 VICTORIA STREET). 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 78 VICTORIA STREET?

78 VICTORIA STREET is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 78 on VICTORIA STREET.