12, LODGE CLOSE, MELTON MOWBRAY, LE13 0TN - £200,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

12 LODGE CLOSE is a very small detached house of 67m², built sometime between 1991 and 1995. It was last sold for £200,000 in September 2021, which was around 41% below the average September 2021 detached price in the Melton local authority area. The most recent EPC inspection was April 2021, where the current energy rating was D, and the potential energy rating was B.

12 LODGE CLOSE Sold Prices

Land registry data shows two sales for 12 LODGE 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 12 LODGE 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
2021 28 SEP	£200,000	£339,383	41% below HPI
2003 30 OCT	£120,000	£196,003	39% below HPI

12 LODGE 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 12 LODGE CLOSE sales from October 2003 and September 2021 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 October 2003 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the September 2021 sale, where it falls to 41% below the HPI. The line then continues to track at 41% below the HPI.

How Large is 12 LODGE CLOSE?

12 LODGE CLOSE is 67m² according to the EPC inspection conducted in April 2021. This puts it in the smallest 10% 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 12 LODGE CLOSE lies on this distribution: 5% of detached houses are smaller than 12 LODGE CLOSE, and 94% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

12 LODGE CLOSE: Plot and Title Map

12 LODGE CLOSE sits on a plot of roughly 0.105 of an acre, or 426m². The below map shows the location of 12 LODGE 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 12 LODGE 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 12 LODGE CLOSE?

12 LODGE CLOSE is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 12 on LODGE CLOSE.