1, VULCAN CLOSE, MELTON MOWBRAY, LE13 0GF - £425,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

1 VULCAN CLOSE is a large detached house of 122m², built sometime from 2007 onwards, which could now be worth an estimated £471,777. It was last sold for £425,000 in February 2022, which was around 18% above the average February 2022 detached price in the Melton local authority area. The most recent EPC inspection was October 2019, where the current energy rating was B, and the potential energy rating was B.

1 VULCAN CLOSE Sold Prices

Land registry data shows three sales for 1 VULCAN 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. Two of the three 1 VULCAN CLOSE sales were for above the average price, whilst one was 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 14 FEB	£425,000	£358,657	18% above HPI
2014 2 MAY	£234,000	£245,025	4% below HPI
2011 30 JUN	£239,950	£230,402	4% above HPI

1 VULCAN 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 VULCAN CLOSE sales between June 2011 and February 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 May 2014 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the February 2022 sale, where it rises to 18% above the HPI. The line then continues to track at 18% above the HPI.

What might 1 VULCAN CLOSE be worth now?

1 VULCAN CLOSE might now be worth an estimated £471,777.

This is based on house price inflation of 11%, between February 2022 and December 2024, 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 11% inflationary increase is applied to the most recent sale price for 1 VULCAN CLOSE of £425,000 on 14th February 2022. For the value to have increased from £425,000 to £471,777 over the one year and two months to December 2024, the following assumptions must hold true:

• The value of 1 VULCAN CLOSE has moved in line with the HPI for detached houses in the Melton local authority area.
• The February 2022 sale price of £425,000 represented a fair market value for the property.
• The size, condition, and specification of 1 VULCAN CLOSE has not materially changed since February 2022.

How Large is 1 VULCAN CLOSE?

1 VULCAN CLOSE is 122m² according to the EPC inspection conducted in October 2019. This puts it in the largest 40% 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 VULCAN CLOSE lies on this distribution: 65% of detached houses houses are smaller than 1 VULCAN CLOSE, and 34% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

1 VULCAN CLOSE: Plot and Title Map

1 VULCAN CLOSE sits on a plot of roughly 0.097 of an acre, or 394m². The below map shows the location of 1 VULCAN 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 VULCAN 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 VULCAN CLOSE?

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