9, Melbourne Road
9, Melbourne Road
Description & Estimates
9, Melbourne Road, Ibstock is recorded publicly as a period freehold house across 731 ft2 of internal area.
Locally, houses of this size normally have 3 bedrooms with a garden.
Our estimate of the sale value of 9, Melbourne Road, Ibstock is £209,059 and its rental estimate is £975 per month, given the available information and assuming reasonable condition.
Melbourne Road, Coleorton, Ibstock, LE67 falls within the LE67 postal district, in the borough of North West Leicestershire.
Our Data Sources
9, Melbourne Road, Ibstock has 31 entries in the Land Registry , most recently in July 2022 and a single entry in the EPC database dated June 2015.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 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 9, Melbourne Road, Ibstock, we estimate a market value of £219,512 and a rental value of £1,024 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £194,425 and £907 per month respectively.
Recent Market Change
Over the last year, 9, Melbourne Road, Ibstock has seen its estimated sale value decrease by £743 (0.4%) and its estimated rental value grow by £27 per month (2.8%). This results in an estimated gross rental yield of 5.6%.
Energy Efficiency
9, Melbourne Road, Ibstock has an Energy Performance Rating (EPC) of F. This is based on the most recent assessment, dated 05 Jun 2015.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, dual fuel (mineral and wood).
Sold Prices
The most recent sale of 9, Melbourne Road, Ibstock completed on 27th July 2022 at £235,000 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 1.6% over the period since July 2022.
- Sold Jul 2022£235,000
- Sold Aug 2015£156,500
- Sold Jan 1999£53,500
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 9, Melbourne Road, Ibstock have sold within a radius of 780 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 28th March 2024, was 148, High Street, Ibstock, LE67 6JP, a freehold house which sold for £164,995.
Read more about house prices in LE67.
- Sold Mar 2024£164,995 | 3 Bed House148, High Street, Ibstock, LE67 6JP148, High Street, Ibstock, LE67 6JP
- Sold Nov 2022£165,000 | 3 Bed House3, Hinckley Road, Ibstock, LE67 6PB3, Hinckley Road, Ibstock, LE67 6PB
- Sold May 2021£140,000 | 3 Bed House140, High Street, Ibstock, LE67 6JP140, High Street, Ibstock, LE67 6JP
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 249 addresses on Melbourne Road, Coleorton, Ibstock, LE67, 9, Melbourne Road, Ibstock comes out as the 220th largest and the 148th most expensive in our analysis of the public data.
It is also £50k less expensive than the average property across the LE67 district.
More reading links
Schools Nearby
- 400mSt Denys Church of England Infant School, Ibstock
- 400mIbstock Junior School
- 1.7kmHeather Primary School
- 500mIbstock School
- 4.3kmThe Newbridge School
- 6.7kmThe Market Bosworth School
More reading links
Public Transport Nearby
From 9, Melbourne Road, Ibstock, the nearest station is Polesworth, 15.4 kilometres away.
- 15.4kmPolesworth
- 15.6kmAtherstone
- 16.9kmHinckley (Leics)
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.
