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House Prices in LE14 House Prices in LE14 (Melton Mowbray)

The average house price in LE14 (Melton Mowbray) is £344,493 using HM Land Registry data.

The average property price increased by £48,486 (32.79%) over the last 5 years and increased by £9,715 (4.73%) over the last 12 months.

Over the last year, there were 163 residential property sales – a decrease of 74 transactions (-45.40%) relative to the previous year. The majority of house sales (54) were in the £160,000 - £264,000 range. Then came properties in the £264,000 - £368,000 range, where 40 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 85 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-13,747 (-3%).

In Oct 24, there were 42 new estate agency instructions, 40 agreed home sales and 39 property price reductions.

Nearby Postcodes: DE73, DE74, LE11, LE12, LE13, LE15, LE16, LE2, LE3, LE4, LE5, LE6, LE65, LE67, LE7, LE8, LN5, NG11, NG12, NG13, NG14, NG2, NG23, NG31, NG32, NG33, NG34, NG4, NN17, PE10, PE9

5-Year Average Property Prices in LE14 (Melton Mowbray)

32.79%

Property prices in Melton Mowbray increased by 32.79% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in LE14 (Melton Mowbray) Over the Last Year

4.73%

Property prices in Melton Mowbray increased by 4.73% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for LE14 (Melton Mowbray) - Oct 24

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in LE14 (Melton Mowbray)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in LE14 (Melton Mowbray)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in LE14 (Melton Mowbray)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the LE14 (Melton Mowbray) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the LE14 postcode area since 1995.

Recent Sales in LE14 (Melton Mowbray)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
4 Coronation Avenue, Long Clawson, Melton Mowbray, Leicestershire, LE14 4NF£150,000£150,000£0029 Apr 202416 Aug 2024109 Days
Old Barn, Station Road, Upper Broughton, Melton Mowbray, Nottinghamshire, LE14 3BQ£650,000£600,000-£50,00001 Dec 202308 Aug 2024251 Days
17 Langar Lane, Harby, Melton Mowbray, Leicestershire, LE14 4BL£680,000£668,000-£12,00021 Feb 202417 Jul 2024147 Days
3 North Street, Asfordby Valley, Melton Mowbray, Leicestershire, LE14 3SQ£210,000£200,000-£10,00015 Jan 202415 Jul 2024182 Days
13 Mill Lane, Long Clawson, Melton Mowbray, Leicestershire, LE14 4NU£300,000£290,000-£10,00002 Feb 202415 Jul 2024164 Days
31 East End, Long Clawson, Melton Mowbray, Leicestershire, LE14 4NG£295,000£290,000-£5,00018 Jul 202312 Jul 2024360 Days
48 Main Road, Asfordby Valley, Melton Mowbray, Leicestershire, LE14 3SW£265,000£262,500-£2,50012 Mar 202427 Jun 2024107 Days
99 Main Street, Wymondham, Melton Mowbray, Leicestershire, LE14 2AH£240,000£235,000-£5,00009 Oct 202329 May 2024233 Days
32 Charnwood Avenue, Asfordby, Melton Mowbray, Leicestershire, LE14 3YG£80,000£80,000£0027 Nov 202324 May 2024179 Days
1 Wellfield Lane, Frisby On The Wreake, Melton Mowbray, Leicestershire, LE14 2NR£229,950£190,000-£39,95007 Feb 202313 May 2024461 Days
2 Scalford Road, Eastwell, Melton Mowbray, Leicestershire, LE14 4EJ£250,000£250,000£0025 Oct 202308 May 2024196 Days
41 High Street, Waltham On The Wolds, Melton Mowbray, Leicestershire, LE14 4AH£650,000£650,000£0004 Oct 202303 May 2024212 Days
7 Chapel Lane, Old Dalby, Melton Mowbray, Leicestershire, LE14 3LA£999,950£970,000-£29,95014 Jul 202303 May 2024294 Days
Bridle Cottage, 2 The Courtyard, Church Lane, Waltham On The Wolds, Melton Mowbray, Leicestershire, LE14 4AE£170,000£150,000-£20,00031 Jan 202403 May 202493 Days
9 Townend Close, Asfordby, Melton Mowbray, Leicestershire, LE14 3TY£225,000£220,000-£5,00012 Jan 202426 Apr 2024105 Days
33 Middle Lane, Nether Broughton, Melton Mowbray, Leicestershire, LE14 3HD£239,950£239,950£0002 Feb 202426 Apr 202484 Days
62 High Street, Waltham On The Wolds, Melton Mowbray, Leicestershire, LE14 4AH£350,000£290,000-£60,00029 Apr 202219 Apr 2024721 Days
14 Main Street, Harby, Melton Mowbray, Leicestershire, LE14 4BN£475,000£440,000-£35,00031 Oct 202315 Apr 2024167 Days
12 The Paddocks, Waltham On The Wolds, Melton Mowbray, Leicestershire, LE14 4AT£435,000£410,000-£25,00013 Apr 202311 Apr 2024364 Days
14 Pinfold Place, Harby, Melton Mowbray, Leicestershire, LE14 4BX£280,000£265,000-£15,00016 Jan 202405 Apr 202480 Days

Most Expensive Streets in LE14 (Melton Mowbray)

PostcodeStreetAreaAverageNo. of Sales
LE14 3NHParadise Lane, Old DalbyMelton Mowbray£1,263,1663
LE14 3LBChurch Lane, Old DalbyMelton Mowbray£904,0004
LE14 4JAPenn Lane, StathernMelton Mowbray£824,3333
LE14 2LPMain Street, RotherbyMelton Mowbray£823,2715
LE14 2AYSpring Lane, WymondhamMelton Mowbray£759,0005
LE14 3AQMain Street, HicklingMelton Mowbray£736,9717
LE14 4HBChurch Lane, StathernMelton Mowbray£685,6254
LE14 3QGMelton Road, Hickling PasturesMelton Mowbray£673,5205
LE14 4SSEastwell Road, ScalfordMelton Mowbray£656,6503
LE14 4RFStonesby Road, SaltbyMelton Mowbray£644,5814

Least Expensive Streets in LE14 (Melton Mowbray)

PostcodeStreetAreaAverageNo. of Sales
LE14 2UNBurton Hall, Hall DriveMelton Mowbray£105,1256
LE14 3RSBrook Crescent, Asfordby ValleyMelton Mowbray£137,0004
LE14 4BSNether Street, HarbyMelton Mowbray£139,3577
LE14 3QZSouth Street, Asfordby HillMelton Mowbray£140,4217
LE14 3SGNew Street, AsfordbyMelton Mowbray£150,18416
LE14 3QYSt Johns Road, Asfordby HillMelton Mowbray£155,0007
LE14 3RBWelby Road, Asfordby HillMelton Mowbray£163,3754
LE14 3SQNorth Street, Asfordby ValleyMelton Mowbray£165,2857
LE14 3SAMain Street, AsfordbyMelton Mowbray£166,0836
LE14 3UHFlint Drive, AsfordbyMelton Mowbray£167,5007

Explore LE14 (Melton Mowbray) using map

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