8, Lancaster Walk
8, Lancaster Walk
Description & Estimates
8, Lancaster Walk, Melton Mowbray is recorded publicly as a modern leasehold apartment across 1,044 ft2 of internal area.
Locally, apartments of this size normally have 3 bedrooms.
Our estimate of the sale value of 8, Lancaster Walk, Melton Mowbray is £184,430 and its rental estimate is £835 per month, given the available information and assuming reasonable condition.
Lancaster Walk, Melton Mowbray, LE13 falls within the LE13 postal district, in the borough of Melton.
Our Data Sources
8, Lancaster Walk, Melton Mowbray has a single entry in the Land Registry from February 2008 and a single entry in the EPC database dated March 2021.
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
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 8, Lancaster Walk, Melton Mowbray, we estimate a market value of £193,651 and a rental value of £877 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £171,519 and £777 per month respectively.
Recent Market Change
Over the last year, 8, Lancaster Walk, Melton Mowbray has seen its estimated sale value rise by £1,233 (0.7%) and its estimated rental value move up by £33 per month (3.9%). This results in an estimated gross rental yield of 5.4%.
Energy Efficiency
8, Lancaster Walk, Melton Mowbray has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 31 Mar 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 8, Lancaster Walk, Melton Mowbray completed on 29th February 2008 at £127,960 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 this is the property's only sale.
Values of comparable properties have risen by 1.7% over the period since February 2008.
- Sold Feb 2008£127,960
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 8, Lancaster Walk, Melton Mowbray have sold within a radius of 710 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 18th August 2022, was Flat B, 56, Dalby Road, Melton Mowbray, LE13 0BH, a leasehold flat which sold for £175,000.
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
Of the 33 addresses on Lancaster Walk, Melton Mowbray, LE13, 8, Lancaster Walk, Melton Mowbray comes out as the largest and the most expensive in our analysis of the public data.
It is also £54k less expensive than the average property across the LE13 district.
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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
From 8, Lancaster Walk, Melton Mowbray, the nearest station is Melton Mowbray, 700 metres away.
- 700mMelton Mowbray
- 14.6kmSyston
- 14.7kmOakham
Available Internet Speeds
Broadband here reaches ultrafast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
