1, The Paddock
1, The Paddock
Description & Estimates
Public records show 1, The Paddock, Melton Mowbray to be a modern freehold house with 1,377 ft2 of internal area, sitting on a 417 m2 plot.
In this area, houses of this size normally have 4 bedrooms with a garden.
1, The Paddock, Melton Mowbray has an estimated sale value of £357,356 and an estimated rental value of £1,383 per month, assuming reasonable condition and based on the information available.
The Paddock, Pickwell, Melton Mowbray, LE14 lies in the borough of Melton, within the LE14 postal district.
Our Data Sources
1, The Paddock, Melton Mowbray has a single entry in the Land Registry from August 2018 and a single entry in the EPC database dated July 2018.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 out of 5 and is considered of medium accuracy.
Price Range & Condition
In very good condition, we estimate 1, The Paddock, Melton Mowbray would be worth £375,224, with a potential rental value of £1,452 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £332,341, with a rental value of £1,286 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of 1, The Paddock, Melton Mowbray has dropped by £5,719 (1.6%) over the last year. During the same period, its estimated monthly rental value has risen by £25 (1.8%). The property's estimated gross yield is currently 4.6%.
Plot Size
1, The Paddock, Melton Mowbray occupies a 417 m2 plot as recorded by HM Land Registry.
All 6 other houses in this postcode have recorded plot sizes, and this one ranks as the 3rd largest.
Energy Efficiency
1, The Paddock, Melton Mowbray has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 26 Jul 2018.
The property is not connected to mains gas and has high performance glazing. It is heated using Air source heat pump, radiators, electric.
Sold Prices
1, The Paddock, Melton Mowbray last changed hands on 10th August 2018, selling for £280,000. The transaction was logged as a freehold house by HM Land Registry.
That is its only recorded sale since 1995.
The market for similar properties has risen by 21.7% since August 2018.
- Sold Aug 2018£280,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 5.7 kilometres of 1, The Paddock, Melton Mowbray across the last 2 years.
Most recently, 2, The Field, Melton Mowbray, LE14 2PT, a freehold house, sold at £397,000 on the 13th July 2023.
Read more about house prices in LE14.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Our analysis of the public data ranks 1, The Paddock, Melton Mowbray as the 2nd largest and the 2nd most expensive of the 6 addresses on The Paddock, Pickwell, Melton Mowbray, LE14.
Against the LE14 postcode district average, it is £30k less expensive than the typical property.
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Schools Nearby
- 1.2kmSomerby Primary School
- 5.3kmGreat Dalby School
- 5.3kmWhissendine Church of England Primary School
- 7.3kmCatmose College
- 8.3kmLong Field Spencer Academy
- 10.0kmJohn Ferneley College
More reading links
Public Transport Nearby
Oakham station is the nearest stop to 1, The Paddock, Melton Mowbray at 7.6 kilometres away.
- 7.6kmOakham
- 7.9kmMelton Mowbray
- 16.3kmSyston
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
