1, BUCKMINSTER CLOSE, MELTON MOWBRAY, LE13 1ET - £164,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

1 BUCKMINSTER CLOSE is a very small extended detached house of 73m², built sometime between 1950 and 1966, which could now be worth an estimated £261,694. It was last sold for £164,000 in November 2013, which was around 35% below the average November 2013 detached price in the Melton local authority area. The most recent EPC inspection was September 2013, where the current energy rating was D, and the potential energy rating was B.

1 BUCKMINSTER CLOSE Sold Prices

Land registry data shows two sales for 1 BUCKMINSTER CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Melton local authority area for the corresponding sale date. Both of the two 1 BUCKMINSTER CLOSE sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2013 1 NOV	£164,000	£250,406	35% below HPI
1997 23 OCT	£56,000	£89,651	38% below HPI

1 BUCKMINSTER CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Melton local authority area over time, sourced from the HPI. The two 1 BUCKMINSTER CLOSE sales from October 1997 and November 2013 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the October 1997 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the November 2013 sale, where it rises to 35% below the HPI. The line then continues to track at 35% below the HPI.

What might 1 BUCKMINSTER CLOSE be worth now?

1 BUCKMINSTER CLOSE might now be worth an estimated £261,694.

This is based on house price inflation of 59.6%, between November 2013 and February 2025, for detached houses, in the Melton local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 59.6% inflationary increase is applied to the most recent sale price for 1 BUCKMINSTER CLOSE of £164,000 on 1st November 2013. For the value to have increased from £164,000 to £261,694 over the twelve years and nine months to February 2025, the following assumptions must hold true:

• The value of 1 BUCKMINSTER CLOSE has moved in line with the HPI for detached houses in the Melton local authority area.
• The November 2013 sale price of £164,000 represented a fair market value for the property.
• The size, condition, and specification of 1 BUCKMINSTER CLOSE has not materially changed since November 2013.

How Large is 1 BUCKMINSTER CLOSE?

1 BUCKMINSTER CLOSE is 73m², which includes one extension, according to the EPC inspection conducted in September 2013. This puts it in the smallest 10% of detached houses houses in Melton Mowbray, based on EPC data. The below chart shows the distribution of detached houses houses by size in Melton Mowbray, and where 1 BUCKMINSTER CLOSE lies on this distribution: 8% of detached houses houses are smaller than 1 BUCKMINSTER CLOSE, and 91% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

1 BUCKMINSTER CLOSE: Plot and Title Map

1 BUCKMINSTER CLOSE sits on a plot of roughly 0.069 of an acre, or 280m². The below map shows the location of 1 BUCKMINSTER CLOSE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 1 BUCKMINSTER CLOSE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 1 BUCKMINSTER CLOSE?

1 BUCKMINSTER CLOSE is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 1 on BUCKMINSTER CLOSE.