14, COTSWOLD CLOSE, MELTON MOWBRAY, LE13 0JT - £280,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

14 COTSWOLD CLOSE is a large detached house of 120m², built sometime between 1996 and 2002, which could now be worth an estimated £512,938. It was last sold for £280,000 in June 2009, which was around 31% above the average June 2009 detached price in the Melton local authority area. The most recent EPC inspection was November 2008, where the current energy rating was D, and the potential energy rating was C.

14 COTSWOLD CLOSE Sold Prices

Land registry data shows two sales for 14 COTSWOLD 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 14 COTSWOLD CLOSE sales were 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
2009 19 JUN	£280,000	£213,384	31% above HPI
1996 2 APR	£131,500	£82,720	59% above HPI

14 COTSWOLD 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 14 COTSWOLD CLOSE sales from April 1996 and June 2009 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 1996 sale was for 59% above the HPI. So the extrapolation line tracks at 59% above the HPI over time, until the June 2009 sale, where it falls to 31% above the HPI. The line then continues to track at 31% above the HPI.

What might 14 COTSWOLD CLOSE be worth now?

14 COTSWOLD CLOSE might now be worth an estimated £512,938.

This is based on house price inflation of 83.2%, between June 2009 and March 2025, 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 83.2% inflationary increase is applied to the most recent sale price for 14 COTSWOLD CLOSE of £280,000 on 19th June 2009. For the value to have increased from £280,000 to £512,938 over the sixteen years and three months to March 2025, the following assumptions must hold true:

• The value of 14 COTSWOLD CLOSE has moved in line with the HPI for detached houses in the Melton local authority area.
• The June 2009 sale price of £280,000 represented a fair market value for the property.
• The size, condition, and specification of 14 COTSWOLD CLOSE has not materially changed since June 2009.

How Large is 14 COTSWOLD CLOSE?

14 COTSWOLD CLOSE is 120m² according to the EPC inspection conducted in November 2008. This puts it in the largest 40% 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 14 COTSWOLD CLOSE lies on this distribution: 63% of detached houses houses are smaller than 14 COTSWOLD CLOSE, and 37% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

14 COTSWOLD CLOSE: Plot and Title Map

14 COTSWOLD CLOSE sits on a plot of roughly 0.137 of an acre, or 554m². The below map shows the location of 14 COTSWOLD 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 14 COTSWOLD 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 14 COTSWOLD CLOSE?

14 COTSWOLD CLOSE is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 14 on COTSWOLD CLOSE.