3, The Paddock
3, The Paddock
Description & Estimates
3, The Paddock, Melton Mowbray is recorded publicly as a modern freehold house across 1,097 ft2 of internal area, sitting on a 214 m2 plot.
Locally, houses of this size normally have 3 bedrooms with a garden.
Our estimate of the sale value of 3, The Paddock, Melton Mowbray is £314,755 and its rental estimate is £1,268 per month, given the available information and assuming reasonable condition.
The Paddock, Pickwell, 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 December 2019 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 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 £330,492 and a rental value of £1,331 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £292,722 and £1,179 per month respectively.
Recent Market Change
Over the last year, 3, The Paddock, Melton Mowbray has seen its estimated sale value move down by £8,840 (2.8%) and its estimated rental value increase by £12 per month (0.9%). This results in an estimated gross rental yield of 4.8%.
Plot Size
HM Land Registry records the plot of land for 3, The Paddock, Melton Mowbray as measuring 214 m2.
That makes it the 5th largest plot in the postcode, where all 6 other houses have recorded plot data.
Energy Efficiency
3, The Paddock, Melton Mowbray has an Energy Performance Rating (EPC) of D. 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
The most recent sale of 3, The Paddock, Melton Mowbray completed on 4th December 2019 at £226,000 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 20.8% over the period since December 2019.
- Sold Dec 2019£226,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 3, The Paddock, Melton Mowbray have sold within a radius of 5.7 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 3rd January 2024, was 1, Leesthorpe Road, Melton Mowbray, LE14 2RA, a freehold house which sold for £295,000.
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
Of the 6 addresses on The Paddock, Pickwell, Melton Mowbray, LE14, 3, The Paddock, Melton Mowbray comes out as the 5th largest and the 5th most expensive in our analysis of the public data.
It is also £72k less expensive than the average property across the LE14 district.
More reading links
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
From 3, The Paddock, Melton Mowbray, the nearest station is Oakham, 7.6 kilometres away.
- 7.6kmOakham
- 7.9kmMelton Mowbray
- 16.3kmSyston
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
