3, The Paddock
3, The Paddock
Description & Estimates
3, The Paddock, Melton Mowbray is recorded publicly as a modern freehold house across 2,540 ft2 of internal area, sitting on a 837 m2 plot.
Locally, houses of this size normally have 5 bedrooms with a garden.
Our estimate of the sale value of 3, The Paddock, Melton Mowbray is £712,917 and its rental estimate is £1,890 per month, given the available information and assuming reasonable condition.
The Paddock, Old Dalby, Melton Mowbray, LE14 falls within the LE14 postal district, in the borough of Melton.
Our Data Sources
3, The Paddock, Melton Mowbray has a single entry in the Land Registry from February 2022 and a single entry in the EPC database dated August 2021.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 3, The Paddock, Melton Mowbray, we estimate a market value of £748,563 and a rental value of £1,984 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £663,013 and £1,758 per month respectively.
Recent Market Change
Over the last year, 3, The Paddock, Melton Mowbray has seen its estimated sale value move down by £11,822 (1.7%) and its estimated rental value increase by £45 per month (2.4%). This results in an estimated gross rental yield of 3.2%.
Plot Size
HM Land Registry records the plot of land for 3, The Paddock, Melton Mowbray as measuring 837 m2.
That makes it the 4th largest plot in the postcode, where all 4 other houses have recorded plot data.
Energy Efficiency
3, The Paddock, Melton Mowbray has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 02 Aug 2021.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of 3, The Paddock, Melton Mowbray completed on 25th February 2022 at £645,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 this is the property's only sale.
Values of comparable properties have risen by 2.0% over the period since February 2022.
- Sold Feb 2022£645,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 3, The Paddock, Melton Mowbray have sold within a radius of 5.4 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 19th December 2024, was 7A, Church Lane, Melton Mowbray, LE14 3LB, a freehold house which sold for £750,000.
Read more about house prices in LE14.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 4 addresses on The Paddock, Old Dalby, Melton Mowbray, LE14, 3, The Paddock, Melton Mowbray comes out as the largest and the 2nd most expensive in our analysis of the public data.
It is also £326k more expensive than the average property across the LE14 district.
More reading links
Schools Nearby
- 200mOld Dalby Church of England Primary School
- 4.3kmWilloughby Primary School
- 4.8kmAb Kettleby Primary School
- 8.1kmJohn Ferneley College
- 8.5kmLong Field Spencer Academy
- 9.3kmThe South Wolds Academy & Sixth Form
More reading links
Public Transport Nearby
From 3, The Paddock, Melton Mowbray, the nearest station is Melton Mowbray, 9.3 kilometres away.
- 9.3kmMelton Mowbray
- 11.2kmSileby
- 11.9kmBarrow-upon-Soar
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
