7, SPRING LANE, WYMONDHAM, MELTON MOWBRAY, LE14 2AY - £175,000

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.

7 SPRING LANE is a terraced house, which could now be worth an estimated £263,403. It was last sold for £175,000 in January 2007, which was around 30% above the average January 2007 terraced price in the Melton local authority area.

7 SPRING LANE Sold Prices

Land registry data shows three sales for 7 SPRING LANE 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 SPRING LANE sales were for above 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
2007 8 JAN	£175,000	£134,207	30% above HPI
2003 17 FEB	£151,000	£81,157	86% above HPI
2001 31 AUG	£62,500	£58,484	7% above HPI

What might 7 SPRING LANE be worth now?

7 SPRING LANE might now be worth an estimated £263,403.

This is based on house price inflation of 50.5%, between January 2007 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 50.5% inflationary increase is applied to the most recent sale price for 7 SPRING LANE of £175,000 on 8th January 2007. For the value to have increased from £175,000 to £263,403 over the eighteen years and eight months to May 2026, the following assumptions must hold true:

• The value of 7 SPRING LANE has moved in line with the HPI for terraced houses in the Melton local authority area.
• The January 2007 sale price of £175,000 represented a fair market value for the property.
• The size, condition, and specification of 7 SPRING LANE has not materially changed since January 2007.

Where is 7 SPRING LANE?

7 SPRING LANE is located in WYMONDHAM, in the LE14 postcode district.