8, Otter Road
8, Otter Road
Description & Estimates
8, Otter Road, Melton Mowbray is recorded publicly as a modern freehold house across 1,582 ft2 of internal area, sitting on a 352 m2 plot.
Locally, houses of this size normally have 4 bedrooms with a garden.
Our estimate of the sale value of 8, Otter Road, Melton Mowbray is £374,911 and its rental estimate is £1,228 per month, given the available information and assuming reasonable condition.
Otter Road, Melton Mowbray, LE13 falls within the LE13 postal district, in the borough of Melton.
Our Data Sources
8, Otter Road, Melton Mowbray has a single entry in the Land Registry from June 2018 and a single entry in the EPC database dated February 2018.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 5 out of 5 and is considered of high 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, Otter Road, Melton Mowbray, we estimate a market value of £393,657 and a rental value of £1,290 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £348,668 and £1,142 per month respectively.
Recent Market Change
Over the last year, 8, Otter Road, Melton Mowbray has seen its estimated sale value decrease by £755 (0.2%) and its estimated rental value grow by £37 per month (3.0%). This results in an estimated gross rental yield of 3.9%.
Plot Size
HM Land Registry records the plot of land for 8, Otter Road, Melton Mowbray as measuring 352 m2.
That makes it the 4th largest plot in the postcode, where all 9 other houses have recorded plot data.
Energy Efficiency
8, Otter Road, Melton Mowbray has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 20 Feb 2018.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of 8, Otter Road, Melton Mowbray completed on 15th June 2018 at £304,950 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 45.4% over the period since June 2018.
- Sold Jun 2018£304,950
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 8, Otter Road, Melton Mowbray have sold within a radius of 780 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 18th October 2024, was 27, Davenport Close, Melton Mowbray, LE13 0XU, a freehold house which sold for £429,950.
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 9 addresses on Otter Road, Melton Mowbray, LE13, 8, Otter Road, Melton Mowbray comes out as the largest and the most expensive in our analysis of the public data.
It is also £137k more expensive than the average property across the LE13 district.
More reading links
Schools Nearby
- 1.0kmSaint Francis Catholic Primary School
- 1.1kmSwallowdale Primary School and Community Centre
- 1.2kmThe Grove Primary School
- 500mLong Field Spencer Academy
- 2.9kmJohn Ferneley College
- 12.5kmWreake Valley Academy
More reading links
Public Transport Nearby
From 8, Otter Road, Melton Mowbray, the nearest station is Melton Mowbray, 1.3 kilometres away.
- 1.3kmMelton Mowbray
- 13.8kmSyston
- 14.1kmSileby
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
