1, BURTON CLOSE, HARBY, MELTON MOWBRAY, LE14 4DF - £332,500

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 BURTON CLOSE is a small extended detached house of 94m², built sometime between 1967 and 1975, which could now be worth an estimated £368,091. It was last sold for £332,500 in May 2022, which was around 8% below the average May 2022 detached price in the Melton local authority area. The most recent EPC inspection was May 2012, where the current energy rating was E, and the potential energy rating was B.

1 BURTON CLOSE Sold Prices

Land registry data shows three sales for 1 BURTON CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Melton local authority area for the corresponding sale date. All of the three 1 BURTON 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
2022 27 MAY	£332,500	£360,937	8% below HPI
2012 17 OCT	£230,000	£248,570	7% below HPI
2007 30 APR	£195,000	£252,881	23% below HPI

1 BURTON 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 three 1 BURTON CLOSE sales between April 2007 and May 2022 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 2012 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the May 2022 sale, where it falls to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might 1 BURTON CLOSE be worth now?

1 BURTON CLOSE might now be worth an estimated £368,091.

This is based on house price inflation of 10.7%, between May 2022 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 10.7% inflationary increase is applied to the most recent sale price for 1 BURTON CLOSE of £332,500 on 27th May 2022. For the value to have increased from £332,500 to £368,091 over the three years and three months to February 2025, the following assumptions must hold true:

• The value of 1 BURTON CLOSE has moved in line with the HPI for detached houses in the Melton local authority area.
• The May 2022 sale price of £332,500 represented a fair market value for the property.
• The size, condition, and specification of 1 BURTON CLOSE has not materially changed since May 2022.

How Large is 1 BURTON CLOSE?

1 BURTON CLOSE is 94m², which includes one extension, according to the EPC inspection conducted in May 2012. This puts it in the smallest 30% of detached houses houses in Harby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Harby, and where 1 BURTON CLOSE lies on this distribution: 20% of detached houses houses are smaller than 1 BURTON CLOSE, and 77% of houses are larger. Note that EPC data is not available for all properties in Harby.

1 BURTON CLOSE: Plot and Title Map

1 BURTON CLOSE sits on a plot of roughly 0.129 of an acre, or 522m². The below map shows the location of 1 BURTON 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 BURTON 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 BURTON CLOSE?

1 BURTON CLOSE is located in HARBY, in the LE14 postcode district. The below map shows the position of No. 1 on BURTON CLOSE.