23 Home Pastures, Hose, Melton Mowbray, Melton, Leicestershire, LE14 4JB

Semi-detached
4
1475 sq ft
10%
PROPERTY VALUATION
£
Last sold: February 2021
INVESTMENT PERFORMANCE
Investment return: 2.0% per year throughout 2007 - 2021
PRICE CHANGE
£30,000
Percentage change: +10%
REFINE VALUATION

Property summary Last updated: 03/05/2024

Last updated: 03/05/2024

23 Home Pastures, Hose is a 4 bedroom semi-detached house spread over 1,475 square feet, making it one of the largest properties here - it is ranked as the 4th most expensive property* in LE14 4JB, with a valuation of £330,000.

Since it last sold in February 2021 for £300,000, its value has increased by £30,000.

House floorplan
Semi-detached houses across LE14 4 have been selling for £285 per square foot.

We expect this property to be in poor condition (or is significantly less desirable for some other reason) based on its price per square foot; it is currently valued at £223 per square foot.

  • This property is the most recently recorded sale in LE14 4JB.
  • The average current property value here is £253,000.
  • 2 properties have sold in LE14 4JB over the last 5 years.
  • 12 semi-detached houses have sold at an average price of £313,000 in LE14 4 over the last 12 months.
Recent sales
Searching for recent sales near here

Expected property condition

At a sale price of £330k, we expect this property to be in a significantly worse condition than the neighbouring properties in the road.

As it has a lower cost per square foot than other properties in the road, we think it is more likely to be in a worse condition than the other properties here.

However, a lower CPSF can also be caused by a low quality extension (or conservatory), a smaller garden, a lack of parking or if the property was previously sold through a partial ownership scheme etc.

At a valuation of £330k this property has a cost per square foot of £223 - this is substantially less than the average for the area (which is currently £305).

If we valued this property using the average cost per square foot (CPSF):

  • Using the average CPSF for properties just in the postcode - it would be worth £447k.
  • Using the average CPSF for the whole road - it would be worth £450k.

The local market - Home Pastures, LE14 4JB

  • The average property value here is £253,000.
    • Valuations range from £186,000 to £446,000.
10%
This property has increased in price by 10% since it last sold 3 years ago.
31%
This property is 31% more expensive than average in Home Pastures, LE14 4JB.

Sale history

The most paid for a property in Home Pastures, LE14 4JB was £300,000 in 2021.

Date Price Change
Today's value* £330,000 10.0%
19 Feb 2021 £300,000 30.4%
14 Nov 2007 £230,000 39.4%
23 Home Pastures, Hose, Melton Mowbray, Melton, Leicestershire, LE14 4JB
23 Home Pastures, Hose, Melton Mowbray, Melton, Leicestershire, LE14 4JB
23 Home Pastures, Hose, Melton Mowbray, Melton, Leicestershire, LE14 4JB
23 Home Pastures, Hose, Melton Mowbray, Melton, Leicestershire, LE14 4JB
23 Home Pastures, Hose, Melton Mowbray, Melton, Leicestershire, LE14 4JB
23 Home Pastures, Hose, Melton Mowbray, Melton, Leicestershire, LE14 4JB
23 Home Pastures, Hose, Melton Mowbray, Melton, Leicestershire, LE14 4JB
23 Home Pastures, Hose, Melton Mowbray, Melton, Leicestershire, LE14 4JB
23 Home Pastures, Hose, Melton Mowbray, Melton, Leicestershire, LE14 4JB
23 Home Pastures, Hose, Melton Mowbray, Melton, Leicestershire, LE14 4JB
23 Home Pastures, Hose, Melton Mowbray, Melton, Leicestershire, LE14 4JB
23 Home Pastures, Hose, Melton Mowbray, Melton, Leicestershire, LE14 4JB
23 Home Pastures, Hose, Melton Mowbray, Melton, Leicestershire, LE14 4JB
23 Home Pastures, Hose, Melton Mowbray, Melton, Leicestershire, LE14 4JB
23 Home Pastures, Hose, Melton Mowbray, Melton, Leicestershire, LE14 4JB
23 Home Pastures, Hose, Melton Mowbray, Melton, Leicestershire, LE14 4JB
23 Home Pastures, Hose, Melton Mowbray, Melton, Leicestershire, LE14 4JB
23 Home Pastures, Hose, Melton Mowbray, Melton, Leicestershire, LE14 4JB
23 Home Pastures, Hose, Melton Mowbray, Melton, Leicestershire, LE14 4JB

Valuation details

23 Home Pastures, Hose has increased in price by £30,000 since it last sold in 2021 - this equates to a 3% rise each year.

At its last energy performance certificate inspection, it got an above average rating for this postcode with a score of 68 out of 100.

On a cost per square foot basis, this property is valued at 26% less than the other houses in this postcode.

Essential info

  • 4 bedroom freehold semi-detached house
  • 1,475 square feet
  • 63% bigger than the average property in this postcode
  • 31% more expensive than the average here

This property is currently valued at £223 per square foot - the average cost per square foot for this postcode is £303.

A lower cost per square foot can indicate that the property is in a worse condition and needs more refurbishment work or that it has a smaller garden (for more information see our valuation review) of this property.

If the property was previously purchased in a bad state of repair, making home improvements could increase its sale price to £380,000.

Essential buying details

  • Built between 1983 and 1990, the property has sold four times over the last 29 years.

  • If no refurbishment work has been carried out since it was last purchased, we expect the property to sell for between £312k and £348k.

  • The property didn't turn out to be a great investment for the previous owner - returning on average 2.0% per annum.

Investment Performance
Annual change: 2%

The previous owner had the property for 13 years, having purchased it in November 2007 for £230,000.

During this time, the price rose by £70,000 (30.4%), which equates to it increasing in value by 2% each year.

The property didn't turn out to be a great investment for the previous owner.

PropertyValuation
13 Home Pastures, Hose, Melton Mowbray, Melton, Leicestershire, LE14 4JB 13 Home Pastures, Hose
2 bed | 840 sq. ft.
£194,000
17 Home Pastures, Hose, Melton Mowbray, Melton, Leicestershire, LE14 4JB 17 Home Pastures, Hose
2 bed | 581 sq. ft.
£196,000
6 Home Pastures, Hose, Melton Mowbray, Melton, Leicestershire, LE14 4JB 6 Home Pastures, Hose
2 bed | 1884 sq. ft.
£213,000
15 Home Pastures, Hose, Melton Mowbray, Melton, Leicestershire, LE14 4JB 15 Home Pastures, Hose
3 bed | 915 sq. ft.
£228,000
2 Home Pastures, Hose
635 sq.ft.
£240,000
7 Home Pastures, Hose
1114 sq.ft.
£268,000
25 Home Pastures, Hose, Melton Mowbray, Melton, Leicestershire, LE14 4JB 25 Home Pastures, Hose
3 bed | 818 sq. ft.
£273,000
23 Home Pastures, Hose, Melton Mowbray, Melton, Leicestershire, LE14 4JB 23 Home Pastures, Hose
4 bed | 1475 sq. ft.
£330,000
20 Home Pastures, Hose, Melton Mowbray, Melton, Leicestershire, LE14 4JB 20 Home Pastures, Hose
3 bed
£353,000
18 Home Pastures, Hose, Melton Mowbray, Melton, Leicestershire, LE14 4JB 18 Home Pastures, Hose
4 bed | 1442 sq. ft.
£390,000
OFFERS EXPECTED TO BE IN THE REGION OF:
£312k - £348k

Most likely sale price: £330k

Tell us about the condition of the property to get a more accurate valuation.

Our property valuation model calculates the latest property prices using data from trusted external sources in combination with available user-submitted information - this includes HM Land Registry which is the UK's official register for ownership of land and property in England and Wales.

The model takes into account what has sold, when and how prices have changed over time. It also brings in multiple datasources to cross reference accuracy with the latest sales data and cost per square foot benchmarks.

In addtion to this, we filter out bad data where we are able to identify it so we can improve accuracy.

If home improvements have been made or the property has been extended after it was last purchased, these improvements won't be taken into account if we don't know about them. For properties that have had home improvements made, you can get an updated valuation here.

A number of things can make a property more desirable and sell for more money per square foot than others in the area.

Some of the things that can cause a property to be worth more per square foot include:

  • Good school catchment area
  • Good transport links
  • Bigger garden
  • Offstreet parking and garages
  • High quality architectural designs (a.k.a pretty houses!)
  • Good quality home improvements

We use multiple data sources to provide reliable property information to you.

Some of the data sources we use are:

  • HM Land Registry
  • Ordnance Survey
  • Department for Levelling Up, Housing & Communities
  • Royal Mail
  • Estate agents
  • Property listings

* Excluding properties that we've been unable to calculate a valuation for.

** Excludes property transactions that occurred before 1995.

Whilst all reasonable effort is made to ensure the information in this website is current, The Move Market does not warrant the accuracy or completeness and accepts no liability for any loss or damage or costs.

Contains HM Land Registry data © Crown copyright and database right 2023. This data is licensed under the Open Government Licence v3.0.

The latest HM Land registry data covers property transactions up until 31/03/2024 - this was released on the 29/04/2024.