8, LILAC WAY, MELTON MOWBRAY, LE13 0PJ - £270,000

8 LILAC WAY is a midsized extended detached house of 101m², built sometime between 1983 and 1990. It was last sold for £270,000 in May 2019, which was around 13% below the average May 2019 detached price in the Melton local authority area. The most recent EPC inspection was September 2017, where the current energy rating was D, and the potential energy rating was C.

8 LILAC WAY Sold Prices

Land registry data shows two sales for 8 LILAC WAY 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 8 LILAC 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
2019 23 MAY	£270,000	£310,998	13% below HPI
2005 29 JUL	£183,500	£220,417	17% below HPI

8 LILAC WAY 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 8 LILAC WAY sales from July 2005 and May 2019 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 July 2005 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the May 2019 sale, where it rises to 13% below the HPI. The line then continues to track at 13% below the HPI.

How Large is 8 LILAC WAY?

8 LILAC WAY is 101m², which includes two extensions, according to the EPC inspection conducted in September 2017. This puts it in the smallest 50% 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 8 LILAC WAY lies on this distribution: 42% of detached houses are smaller than 8 LILAC WAY, and 58% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

8 LILAC WAY: Plot and Title Map

8 LILAC WAY sits on a plot of roughly 0.064 of an acre, or 258m². The below map shows the location of 8 LILAC 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 8 LILAC 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 8 LILAC WAY?

8 LILAC WAY is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 8 on LILAC WAY.