5, Lancaster Walk
5, Lancaster Walk
Description & Estimates
Public records show 5, Lancaster Walk, Melton Mowbray to be a modern leasehold apartment with 570 ft2 of internal area.
In this area, apartments of this size normally have 2 bedrooms.
5, Lancaster Walk, Melton Mowbray has an estimated sale value of £136,902 and an estimated rental value of £578 per month, assuming reasonable condition and based on the information available.
Lancaster Walk, Melton Mowbray, LE13 lies in the borough of Melton, within the LE13 postal district.
Our Data Sources
5, Lancaster Walk, Melton Mowbray has a single entry in the Land Registry from August 2007 and a single entry in the EPC database dated February 2023.
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 5, Lancaster Walk, Melton Mowbray would be worth £143,747, with a potential rental value of £607 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £127,319, with a rental value of £538 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 5, Lancaster Walk, Melton Mowbray has risen by £1,005 (0.7%) over the last year. During the same period, its estimated monthly rental value has moved up by £23 (3.9%). The property's estimated gross yield is currently 5.1%.
Energy Efficiency
5, Lancaster Walk, Melton Mowbray has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 13 Feb 2023.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
5, Lancaster Walk, Melton Mowbray last changed hands on 30th August 2007, selling for £137,702. The transaction was logged as a leasehold flat by HM Land Registry.
That is its only recorded sale since 1995.
The market for similar properties has risen by 12.6% since August 2007.
- Sold Aug 2007£137,702
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 700 metres of 5, Lancaster Walk, Melton Mowbray across the last 2 years.
Most recently, 58, Buttermere Close, Melton Mowbray, LE13 0LT, a leasehold flat, sold at £123,000 on the 15th March 2024.
Read more about house prices in LE13.
•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 5, Lancaster Walk, Melton Mowbray as the 32nd largest and the 32nd most expensive of the 33 addresses on Lancaster Walk, Melton Mowbray, LE13.
Against the LE13 postcode district average, it is £101k less expensive than the typical property.
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Schools Nearby
- 500mSaint Francis Catholic Primary School
- 600mThe Grove Primary School
- 1.1kmSwallowdale Primary School and Community Centre
- 300mLong Field Spencer Academy
- 2.3kmJohn Ferneley College
- 13.2kmWreake Valley Academy
More reading links
Public Transport Nearby
Melton Mowbray station is the nearest stop to 5, Lancaster Walk, Melton Mowbray at 700 metres away.
- 700mMelton Mowbray
- 14.6kmSyston
- 14.7kmOakham
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.
