According to the public record, 22, Oak Road, Melton Mowbray is a early-century freehold house and with 823 ft2 of internal area and sits on a 549 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Oak Road, Melton Mowbray, LE13 is located in the borough of Melton within the LE13 postal district.
22, Oak Road, Melton Mowbray has a single entry in the Land Registry database from July 2012 and a single entry in the EPC database dated January 2012.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 22 Oak Road Melton Mowbray as £194,095 and the rental value as £827 per month giving an expected gross yield of 5.1%.
Over the last 12 months the sale value of 22 Oak Road Melton Mowbray has increased by £3,777 (1.9%) and its rental value has increased by £31 per month (3.8%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 22, Oak Road, Melton Mowbray is in very good condition we estimate a sale value of £203,800 and rental value of £868 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £180,508 and a rental value of £769 per month.
If you were able to purchase this property for the estimated value of £194,095, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £954 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to data from HM Land Registry, 22, Oak Road, Melton Mowbray sits on a plot of 549m2.
We have plot size data on 23 out of 32 other houses in the postcode and 22, Oak Road, Melton Mowbray sits on the largest plot.
According to HM Land Registry, 22, Oak Road, Melton Mowbray was last sold on 26 Jul 2012 for £105,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Jul 2012, the market for similar properties has risen 69.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 22, Oak Road, Melton Mowbray within a radius of 61m over the last 2 years.
The most recent example is 2, Oak Road, Melton Mowbray, LE13 1BD, a Freehold house which sold for £188,000 in Apr 2023.
Read more about house prices in LE13.
Oak Road, Melton Mowbray, LE13 has a total of 32 addresses. According to our analysis of all the public data, 22, Oak Road, Melton Mowbray is the 27th largest and the 24th most expensive property on the street.
When compared to the postcode district it is £49k less expensive than the average property in LE13.
22, Oak Road, Melton Mowbray has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 27 Jan 2012.
The property is connected to mains gas and has partial double glazing. It is heated using a boiler and radiators.
The closest station to 22, Oak Road, Melton Mowbray is Melton Mowbray station which is 400 m away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 22, Oak Road, Melton Mowbray, 55.4% of property is privately rented and 20.1% is privately owned outright.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 22, Oak Road, Melton Mowbray, 12.1% of residents are recorded as possessing school level qualifications and 22.8% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 22, Oak Road, Melton Mowbray, the average age was 44.1 and the most common age was 57.
The graph below shows how this compares to East Midlands and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 22, Oak Road, Melton Mowbray, 0.0% of property was a second home.
Comparison figures for East Midlands and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 22, Oak Road, Melton Mowbray, there are an average of 0.8 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.