1, FOREST CLOSE, MELTON MOWBRAY, LE13 1ST - £282,500

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

1 FOREST CLOSE is a midsized detached house of 108m², built sometime between 1983 and 1990. It was last sold for £282,500 in May 2018, which was around 7% below the average May 2018 detached price in the Melton local authority area. The most recent EPC inspection was May 2013, where the current energy rating was C, and the potential energy rating was B.

1 FOREST CLOSE Sold Prices

Land registry data shows two sales for 1 FOREST 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 FOREST 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
2018 8 MAY	£282,500	£303,958	7% below HPI
2014 9 MAY	£213,000	£236,235	10% below HPI

1 FOREST 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 FOREST CLOSE sales from May 2014 and May 2018 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 May 2014 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the May 2018 sale, where it rises to 7% below the HPI. The line then continues to track at 7% below the HPI.

How Large is 1 FOREST CLOSE?

1 FOREST CLOSE is 108m² according to the EPC inspection conducted in May 2013. This puts it in the smallest 50% of detached houses in Melton Mowbray, based on EPC data. The below chart shows the distribution of detached houses by size in Melton Mowbray, and where 1 FOREST CLOSE lies on this distribution: 49% of detached houses are smaller than 1 FOREST CLOSE, and 50% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

1 FOREST CLOSE: Plot and Title Map

1 FOREST CLOSE sits on a plot of roughly 0.077 of an acre, or 313m². The below map shows the location of 1 FOREST 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 FOREST 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 FOREST CLOSE?

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