11, FOREST CLOSE, MELTON MOWBRAY, LE13 1ST - £225,000

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

11 FOREST CLOSE is a large extended detached house of 118m², built sometime between 1976 and 1982. It was last sold for £225,000 in April 2014, which was around 6% below the average April 2014 detached price in the Melton local authority area. The most recent EPC inspection was December 2013, where the current energy rating was C, and the potential energy rating was B.

11 FOREST CLOSE Sold Prices

Land registry data shows three sales for 11 FOREST 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 11 FOREST CLOSE sales were for below the average price, whilst one was for above 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
2014 22 APR	£225,000	£239,265	6% below HPI
2002 24 MAY	£137,000	£149,019	8% below HPI
1995 12 APR	£80,000	£74,607	7% above HPI

11 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 three 11 FOREST CLOSE sales between April 1995 and April 2014 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 2002 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the April 2014 sale, where it rises to 6% below the HPI. The line then continues to track at 6% below the HPI.

How Large is 11 FOREST CLOSE?

11 FOREST CLOSE is 118m², which includes one extension, according to the EPC inspection conducted in December 2013. This puts it in the largest 40% 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 11 FOREST CLOSE lies on this distribution: 60% of detached houses are smaller than 11 FOREST CLOSE, and 39% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

11 FOREST CLOSE: Plot and Title Map

11 FOREST CLOSE sits on a plot of roughly 0.084 of an acre, or 342m². The below map shows the location of 11 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 11 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 11 FOREST CLOSE?

11 FOREST CLOSE is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 11 on FOREST CLOSE.