8, MELBOURNE ROAD, IBSTOCK, LE67 6JS - £74,500

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.

8 MELBOURNE ROAD is a very small terraced house of 45m², built sometime between 1900 and 1929, which could now be worth an estimated £99,018. It was last sold for £74,500 in November 2017, which was around 46% below the average November 2017 terraced price in the North West Leicestershire local authority area. The most recent EPC inspection was September 2020, where the current energy rating was D, and the potential energy rating was B.

8 MELBOURNE ROAD Sold Prices

Land registry data shows two sales for 8 MELBOURNE ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the North West Leicestershire local authority area for the corresponding sale date. Both of the two 8 MELBOURNE ROAD 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
2017 6 NOV	£74,500	£137,896	46% below HPI
1995 31 JAN	£31,000	£37,269	17% below HPI

8 MELBOURNE ROAD Price Paid vs. HPI Average

The below graph shows the average terraced house price in the North West Leicestershire local authority area over time, sourced from the HPI. The two 8 MELBOURNE ROAD sales from January 1995 and November 2017 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 January 1995 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the November 2017 sale, where it falls to 46% below the HPI. The line then continues to track at 46% below the HPI.

What might 8 MELBOURNE ROAD be worth now?

8 MELBOURNE ROAD might now be worth an estimated £99,018.

This is based on house price inflation of 32.9%, between November 2017 and June 2025, for terraced houses, in the North West Leicestershire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 32.9% inflationary increase is applied to the most recent sale price for 8 MELBOURNE ROAD of £74,500 on 6th November 2017. For the value to have increased from £74,500 to £99,018 over the eight years and five months to June 2025, the following assumptions must hold true:

• The value of 8 MELBOURNE ROAD has moved in line with the HPI for terraced houses in the North West Leicestershire local authority area.
• The November 2017 sale price of £74,500 represented a fair market value for the property.
• The size, condition, and specification of 8 MELBOURNE ROAD has not materially changed since November 2017.

How Large is 8 MELBOURNE ROAD?

8 MELBOURNE ROAD is 45m² according to the EPC inspection conducted in September 2020. This puts it in the smallest 10% of terraced houses houses in Ibstock, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Ibstock, and where 8 MELBOURNE ROAD lies on this distribution: Less than 1% of terraced houses houses are smaller than 8 MELBOURNE ROAD, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Ibstock.

8 MELBOURNE ROAD: Plot and Title Map

8 MELBOURNE ROAD sits on a plot of roughly 0.012 of an acre, or 47m². The below map shows the location of 8 MELBOURNE ROAD, 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 MELBOURNE ROAD). 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 MELBOURNE ROAD?

8 MELBOURNE ROAD is located in IBSTOCK, in the LE67 postcode district. The below map shows the position of No. 8 on MELBOURNE ROAD.