10, PADDOCK CLOSE, MELTON MOWBRAY, LE13 1HF - £205,000

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

10 PADDOCK CLOSE is a very small extended detached house of 61m², built sometime between 1950 and 1966. It was last sold for £205,000 in December 2018, which was around 35% below the average December 2018 detached price in the Melton local authority area. The most recent EPC inspection was August 2018, where the current energy rating was D, and the potential energy rating was B.

10 PADDOCK CLOSE Sold Prices

Land registry data shows three sales for 10 PADDOCK 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 10 PADDOCK 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 20 DEC	£205,000	£315,339	35% below HPI
2017 18 AUG	£157,500	£307,148	49% below HPI
1995 17 FEB	£43,000	£76,607	44% below HPI

10 PADDOCK 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 10 PADDOCK CLOSE sales between February 1995 and December 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 August 2017 sale was for 49% below the HPI. So the extrapolation line tracks at 49% below the HPI over time, until the December 2018 sale, where it rises to 35% below the HPI. The line then continues to track at 35% below the HPI.

What might 10 PADDOCK CLOSE be worth now?

10 PADDOCK CLOSE might now be worth an estimated £258,823.

This is based on house price inflation of 26.3%, between December 2018 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 26.3% inflationary increase is applied to the most recent sale price for 10 PADDOCK CLOSE of £205,000 on 20th December 2018. For the value to have increased from £205,000 to £258,823 over the six years to December 2024, the following assumptions must hold true:

• The value of 10 PADDOCK CLOSE has moved in line with the HPI for detached houses in the Melton local authority area.
• The December 2018 sale price of £205,000 represented a fair market value for the property.
• The size, condition, and specification of 10 PADDOCK CLOSE has not materially changed since December 2018.

How Large is 10 PADDOCK CLOSE?

10 PADDOCK CLOSE is 61m², which includes one extension, according to the EPC inspection conducted in August 2018. 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 10 PADDOCK CLOSE lies on this distribution: 4% of detached houses houses are smaller than 10 PADDOCK CLOSE, and 96% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

10 PADDOCK CLOSE: Plot and Title Map

10 PADDOCK CLOSE sits on a plot of roughly 0.093 of an acre, or 377m². The below map shows the location of 10 PADDOCK 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 10 PADDOCK 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 10 PADDOCK CLOSE?

10 PADDOCK CLOSE is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 10 on PADDOCK CLOSE.