2, Lilac Way
2, Lilac Way
Description & Estimates
The public record describes 2, Lilac Way, Melton Mowbray as a modern house with 850 ft2 of internal area, sitting on a 219 m2 plot.
In this area, houses of this size normally have 3 bedrooms with a garden.
2, Lilac Way, Melton Mowbray has an estimated sale value of £259,209 and an estimated rental value of £1,003 per month, assuming reasonable condition and based on the information available.
Lilac Way, Melton Mowbray, LE13 lies in the borough of Melton, within the LE13 postal district.
Our Data Sources
2, Lilac Way, Melton Mowbray has no recent1 records in the the Land Registry and a single entry in the EPC database dated February 2016.
We combine this information with public data of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 out of 5 and is considered of medium accuracy.
Price Range & Condition
In very good condition, we estimate 2, Lilac Way, Melton Mowbray would be worth £272,170, with a potential rental value of £1,053 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £241,064, with a rental value of £932 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 2, Lilac Way, Melton Mowbray has fallen by £4,711 (1.8%) over the last year. During the same period, its estimated monthly rental value has moved up by £13 (1.3%). The property's estimated gross yield is currently 4.6%.
Plot Size
2, Lilac Way, Melton Mowbray occupies a 219 m2 plot as recorded by HM Land Registry.
All 16 other houses in this postcode have recorded plot sizes, and this one ranks as the 13th largest.
Energy Efficiency
2, Lilac Way, Melton Mowbray has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 08 Feb 2016.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
2, Lilac Way, Melton Mowbray last changed hands on 18th July 1997, selling for £63,000. The transaction was logged as a freehold house by HM Land Registry.
That is its only recorded sale since 1995.
- Sold Jul 1997£63,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 560 metres of 2, Lilac Way, Melton Mowbray across the last 2 years.
Most recently, 8, Cedar Drive, Melton Mowbray, LE13 0PA, a freehold house, sold at £280,000 on the 11th November 2024.
Read more about house prices in LE13.
- Sold Nov 2024£280,000 | 3 Bed House8, Cedar Drive, Melton Mowbray, LE13 0PA8, Cedar Drive, Melton Mowbray, LE13 0PA
- Sold Dec 2022£251,000 | 3 Bed House15, Cedar Drive, Melton Mowbray, LE13 0PA15, Cedar Drive, Melton Mowbray, LE13 0PA
- Sold Aug 2018£227,500 | 3 Bed House24, Cedar Drive, Melton Mowbray, LE13 0PA24, Cedar Drive, Melton Mowbray, LE13 0PA
•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 2, Lilac Way, Melton Mowbray as the 11th largest and the 11th most expensive of the 16 addresses on Lilac Way, Melton Mowbray, LE13.
Against the LE13 postcode district average, it is £21k more expensive than the typical property.
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Schools Nearby
- 800mThe Grove Primary School
- 1.0kmSt Mary's Church of England Primary School
- 1.1kmBrownlow Primary School
- 900mJohn Ferneley College
- 1.6kmLong Field Spencer Academy
- 14.2kmWreake Valley Academy
More reading links
Public Transport Nearby
Melton Mowbray station is the nearest stop to 2, Lilac Way, Melton Mowbray at 1.4 kilometres away.
- 1.4kmMelton Mowbray
- 15.4kmOakham
- 15.5kmSileby
Available Internet Speeds
Ofcom's latest figures show ultrafast broadband available in this area.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
