12, WITHAM CLOSE, MELTON MOWBRAY, LE13 0EA - £260,000

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

12 WITHAM CLOSE is a small extended detached house of 87m², built sometime between 1967 and 1975, which could now be worth an estimated £275,692. It was last sold for £260,000 in July 2022, which was around 31% below the average July 2022 detached price in the Melton local authority area. The most recent EPC inspection was April 2014, where the current energy rating was D, and the potential energy rating was B.

12 WITHAM CLOSE Sold Prices

Land registry data shows two sales for 12 WITHAM 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 WITHAM 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
2022 11 JUL	£260,000	£375,471	31% below HPI
2019 3 SEP	£194,000	£322,606	40% below HPI

12 WITHAM 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 WITHAM CLOSE sales from September 2019 and July 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 September 2019 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the July 2022 sale, where it rises to 31% below the HPI. The line then continues to track at 31% below the HPI.

What might 12 WITHAM CLOSE be worth now?

12 WITHAM CLOSE might now be worth an estimated £275,692.

This is based on house price inflation of 6%, between July 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 6% inflationary increase is applied to the most recent sale price for 12 WITHAM CLOSE of £260,000 on 11th July 2022. For the value to have increased from £260,000 to £275,692 over the one year and seven months to December 2024, the following assumptions must hold true:

• The value of 12 WITHAM CLOSE has moved in line with the HPI for detached houses in the Melton local authority area.
• The July 2022 sale price of £260,000 represented a fair market value for the property.
• The size, condition, and specification of 12 WITHAM CLOSE has not materially changed since July 2022.

How Large is 12 WITHAM CLOSE?

12 WITHAM CLOSE is 87m², which includes one extension, according to the EPC inspection conducted in April 2014. This puts it in the smallest 30% 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 12 WITHAM CLOSE lies on this distribution: 24% of detached houses houses are smaller than 12 WITHAM CLOSE, and 75% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

12 WITHAM CLOSE: Plot and Title Map

12 WITHAM CLOSE sits on a plot of roughly 0.061 of an acre, or 246m². The below map shows the location of 12 WITHAM 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 WITHAM 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 WITHAM CLOSE?

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