7, Back Lane
7, Back Lane
Description & Estimates
7, Back Lane, Melton Mowbray is recorded publicly as a period freehold house across 1,894 ft2 of internal area, sitting on a 293 m2 plot.
Locally, houses of this size normally have 4 bedrooms with a garden.
Our estimate of the sale value of 7, Back Lane, Melton Mowbray is £646,380 and its rental estimate is £1,625 per month, given the available information and assuming reasonable condition.
Back Lane, Hoby, Melton Mowbray, LE14 falls within the LE14 postal district, in the borough of Melton.
Our Data Sources
7, Back Lane, Melton Mowbray has 31 entries in the Land Registry , most recently in September 2022 and a single entry in the EPC database dated December 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 7, Back Lane, Melton Mowbray, we estimate a market value of £678,699 and a rental value of £1,707 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £601,133 and £1,512 per month respectively.
Recent Market Change
Over the last year, 7, Back Lane, Melton Mowbray has seen its estimated sale value move down by £10,345 (1.6%) and its estimated rental value increase by £29 per month (1.8%). This results in an estimated gross rental yield of 3.0%.
Plot Size
HM Land Registry records the plot of land for 7, Back Lane, Melton Mowbray as measuring 293 m2.
That makes it the largest plot in the postcode, where 2 of the 5 other houses have recorded plot data.
Energy Efficiency
7, Back Lane, Melton Mowbray has an Energy Performance Rating (EPC) of F. This is based on the most recent assessment, dated 23 Dec 2021.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Air source heat pump, radiators, electric.
Sold Prices
The most recent sale of 7, Back Lane, Melton Mowbray completed on 30th September 2022 at £655,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold 3 times.
Values of comparable properties have dropped by 2.1% over the period since September 2022.
- Sold Sep 2022£655,000
- Sold Dec 2003£279,500
- Sold Aug 2000£152,500
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 7, Back Lane, Melton Mowbray have sold within a radius of 3.9 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 15th February 2021, was 1, Back Lane, Melton Mowbray, LE14 3DY, a freehold house which sold for £490,000.
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 5 addresses on Back Lane, Hoby, Melton Mowbray, LE14, 7, Back Lane, Melton Mowbray comes out as the 4th largest and the 2nd most expensive in our analysis of the public data.
It is also £259k more expensive than the average property across the LE14 district.
More reading links
Schools Nearby
- 2.5kmThrussington Church of England Primary School
- 2.5kmFrisby Church of England Primary School
- 3.4kmSt Michael & All Angels Church of England Primary School
- 6.5kmWreake Valley Academy
- 7.3kmLong Field Spencer Academy
- 8.8kmJohn Ferneley College
More reading links
Public Transport Nearby
From 7, Back Lane, Melton Mowbray, the nearest station is Sileby, 7.1 kilometres away.
- 7.1kmSileby
- 7.9kmSyston
- 8.3kmMelton Mowbray
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
