11, SOUTHWELL CLOSE, MELTON MOWBRAY, LE13 0PY - £170,000

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

11 SOUTHWELL CLOSE is a very small detached house of 64m², built sometime between 1996 and 2002, which could now be worth an estimated £215,059. It was last sold for £170,000 in October 2017, which was around 46% below the average October 2017 detached price in the Melton local authority area. The most recent EPC inspection was October 2012, where the current energy rating was C, and the potential energy rating was B.

11 SOUTHWELL CLOSE Sold Prices

Land registry data shows two sales for 11 SOUTHWELL 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 11 SOUTHWELL 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
2017 10 OCT	£170,000	£314,716	46% below HPI
2006 28 APR	£159,950	£224,282	29% below HPI

11 SOUTHWELL 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 11 SOUTHWELL CLOSE sales from April 2006 and October 2017 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 April 2006 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the October 2017 sale, where it falls to 46% below the HPI. The line then continues to track at 46% below the HPI.

What might 11 SOUTHWELL CLOSE be worth now?

11 SOUTHWELL CLOSE might now be worth an estimated £215,059.

This is based on house price inflation of 26.5%, between October 2017 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 26.5% inflationary increase is applied to the most recent sale price for 11 SOUTHWELL CLOSE of £170,000 on 10th October 2017. For the value to have increased from £170,000 to £215,059 over the six years and ten months to December 2024, the following assumptions must hold true:

• The value of 11 SOUTHWELL CLOSE has moved in line with the HPI for detached houses in the Melton local authority area.
• The October 2017 sale price of £170,000 represented a fair market value for the property.
• The size, condition, and specification of 11 SOUTHWELL CLOSE has not materially changed since October 2017.

How Large is 11 SOUTHWELL CLOSE?

11 SOUTHWELL CLOSE is 64m² according to the EPC inspection conducted in October 2012. 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 11 SOUTHWELL CLOSE lies on this distribution: 4% of detached houses houses are smaller than 11 SOUTHWELL CLOSE, and 95% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

11 SOUTHWELL CLOSE: Plot and Title Map

11 SOUTHWELL CLOSE sits on a plot of roughly 0.109 of an acre, or 440m². The below map shows the location of 11 SOUTHWELL 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 SOUTHWELL 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 SOUTHWELL CLOSE?

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