14, CULTURE CLOSE, MELTON MOWBRAY, LE13 1NP - £295,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

14 CULTURE CLOSE is a midsized detached house of 110m². It was last sold for £295,000 in October 2023, which was around 22% below the average October 2023 detached price in the Melton local authority area. The most recent EPC inspection was March 2017, where the current energy rating was B, and the potential energy rating was A.

14 CULTURE CLOSE Sold Prices

Land registry data shows three sales for 14 CULTURE CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Melton local authority area for the corresponding sale date. All of the three 14 CULTURE 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
2023 6 OCT	£295,000	£378,100	22% below HPI
2023 25 AUG	£300,000	£359,133	16% below HPI
2017 14 JUL	£274,995	£291,157	6% below HPI

14 CULTURE 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 three 14 CULTURE CLOSE sales between July 2017 and October 2023 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 August 2023 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the October 2023 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is 14 CULTURE CLOSE?

14 CULTURE CLOSE is 110m² according to the EPC inspection conducted in March 2017. This puts it in the largest 50% 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 14 CULTURE CLOSE lies on this distribution: 51% of detached houses are smaller than 14 CULTURE CLOSE, and 48% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

14 CULTURE CLOSE: Plot and Title Map

14 CULTURE CLOSE sits on a plot of roughly 0.082 of an acre, or 334m². The below map shows the location of 14 CULTURE 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 CULTURE 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 CULTURE CLOSE?

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