Flat 2, 38
Flat 2, 38
Description & Estimates
The public record describes Flat 2, 38, Thorpe Road, Melton Mowbray as a period apartment with 462 ft2 of internal area.
In this area, apartments of this size normally have 2 bedrooms.
Flat 2, 38, Thorpe Road, Melton Mowbray has an estimated sale value of £123,586 and an estimated rental value of £518 per month, assuming reasonable condition and based on the information available.
The apartment sits within 38, Thorpe Road, Melton Mowbray, LE13.
Thorpe Road, Melton Mowbray, LE13 lies in the borough of Melton, within the LE13 postal district.
Our Data Sources
Flat 2, 38, Thorpe Road, Melton Mowbray has no records in the the Land Registry and a single entry in the EPC database dated October 2021.
We combine this information with public data 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
In very good condition, we estimate Flat 2, 38, Thorpe Road, Melton Mowbray would be worth £129,765, with a potential rental value of £544 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £114,935, with a rental value of £482 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 Flat 2, 38, Thorpe Road, Melton Mowbray has risen by £907 (0.7%) over the last year. During the same period, its estimated monthly rental value has moved up by £20 (3.9%). The property's estimated gross yield is currently 5.0%.
Energy Efficiency
Flat 2, 38, Thorpe Road, Melton Mowbray has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 11 Oct 2021.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Electric storage heaters.
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 680 metres of Flat 2, 38, Thorpe Road, Melton Mowbray across the last 2 years.
Most recently, Flat 4, Saddlers Court, Rosebery Avenue, Melton Mowbray, LE13 1BE, a leasehold flat, sold at £137,000 on the 25th March 2022.
Read more about house prices in LE13.
- Sold Mar 2022£137,000 | 2 Bed FlatFlat 4, Saddlers Court, Rosebery Avenue, Melton Mowbray, LE13 1BEFlat 4, Saddlers Court, Rosebery Avenue, Melton Mowbray, LE13 1BE
- Sold Sep 2020£147,500 | 2 Bed FlatFlat 13, Saddlers Court, Rosebery Avenue, Melton Mowbray, LE13 1BEFlat 13, Saddlers Court, Rosebery Avenue, Melton Mowbray, LE13 1BE
- Sold May 2019£127,000 | 2 Bed FlatFlat 8, Saddlers Court, Rosebery Avenue, Melton Mowbray, LE13 1BEFlat 8, Saddlers Court, Rosebery Avenue, Melton Mowbray, LE13 1BE
•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 Flat 2, 38, Thorpe Road, Melton Mowbray as the 133rd largest and the 123rd most expensive of the 147 addresses on Thorpe Road, Melton Mowbray, LE13.
Against the LE13 postcode district average, it is £115k less expensive than the typical property.
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Schools Nearby
- 300mBrownlow Primary School
- 1.1kmSaint Francis Catholic Primary School
- 1.2kmSherard Primary School
- 1.7kmLong Field Spencer Academy
- 1.7kmJohn Ferneley College
- 14.0kmCatmose College
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Public Transport Nearby
Melton Mowbray station is the nearest stop to Flat 2, 38, Thorpe Road, Melton Mowbray at 900 metres away.
- 900mMelton Mowbray
- 14.3kmOakham
- 16.0kmSyston
Available Internet Speeds
Ofcom's latest figures show superfast broadband available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
