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

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

13 FOREST CLOSE is a small detached house of 97m², built sometime between 1983 and 1990. It was last sold for £225,000 in October 2018, which was around 28% below the average October 2018 detached price in the Melton local authority area. The most recent EPC inspection was November 2016, where the current energy rating was C, and the potential energy rating was B.

13 FOREST CLOSE Sold Prices

Land registry data shows two sales for 13 FOREST 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 13 FOREST 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 12 OCT	£225,000	£314,131	28% below HPI
2017 22 SEP	£235,000	£300,790	22% below HPI

13 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 two 13 FOREST CLOSE sales from September 2017 and October 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 September 2017 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the October 2018 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is 13 FOREST CLOSE?

13 FOREST CLOSE is 97m² according to the EPC inspection conducted in November 2016. This puts it in the smallest 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 13 FOREST CLOSE lies on this distribution: 37% of detached houses are smaller than 13 FOREST CLOSE, and 62% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

13 FOREST CLOSE: Plot and Title Map

13 FOREST CLOSE sits on a plot of roughly 0.071 of an acre, or 286m². The below map shows the location of 13 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 13 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 13 FOREST CLOSE?

13 FOREST CLOSE is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 13 on FOREST CLOSE.