According to the public record, The Old Rectory, Melton Mowbray is a period freehold house and with 2,368 ft2 of internal area and sits on a 8,766 m2 plot.
Houses of this size in this area normally have 5 bedrooms with a garden.
Main Road, Wyfordby, Melton Mowbray, LE14 is located in the borough of Melton within the LE14 postal district.
The Old Rectory, Melton Mowbray has a single entry in the Land Registry database from March 2016 and a single entry in the EPC database dated September 2015.
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 The Old Rectory Melton Mowbray as £708,180 and the rental value as £1,302 per month giving an expected gross yield of 2.2%.
Over the last 12 months the sale value of The Old Rectory Melton Mowbray has increased by £7,055 (1.0%) and its rental value has increased by £37 per month (2.8%).
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 The Old Rectory, Melton Mowbray is in very good condition we estimate a sale value of £743,589 and rental value of £1,368 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £658,607 and a rental value of £1,211 per month.
If you were able to purchase this property for the estimated value of £708,180, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,480 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, The Old Rectory, Melton Mowbray sits on a plot of 8766m2.
We have plot size data on 5 out of 9 other houses in the postcode and The Old Rectory, Melton Mowbray sits on the 3rd largest plot.
According to HM Land Registry, The Old Rectory, Melton Mowbray was last sold on 31 Mar 2016 for £460,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Mar 2016, the market for similar properties has risen 34.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to The Old Rectory, Melton Mowbray within a radius of 2.1km over the last 2 years.
The most recent example is Woodend Cottage, Stapleford Road, Melton Mowbray, LE14 2SF, a Freehold house which sold for £765,000 in Dec 2020.
Read more about house prices in LE14.
Main Road, Wyfordby, Melton Mowbray, LE14 has a total of 10 addresses. According to our analysis of all the public data, The Old Rectory, Melton Mowbray is the 3rd largest and the 2nd most expensive property on the street.
When compared to the postcode district it is £330k more expensive than the average property in LE14.
The Old Rectory, Melton Mowbray has an Energy Performance Rating (EPC) of F. This is based on the most recent assessment, dated 24 Sep 2015.
The property is connected to mains gas and has partial secondary glazing. It is heated using an oil fired boiler and radiators.
The closest station to The Old Rectory, Melton Mowbray is Melton Mowbray station which is 3.8 km 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 The Old Rectory, Melton Mowbray, 53.0% of property is privately rented and 23.9% 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 The Old Rectory, Melton Mowbray, 12.7% of residents are recorded as possessing school level qualifications and 35.6% 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 The Old Rectory, Melton Mowbray, the average age was 47.8 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 The Old Rectory, Melton Mowbray, 1.9% 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 The Old Rectory, Melton Mowbray, there are an average of 2.0 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.