14, LOWESBY CLOSE, MELTON MOWBRAY, LE13 1HW - £289,950

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 LOWESBY CLOSE is a small extended detached house of 99m², built sometime between 1967 and 1975, which could now be worth an estimated £318,173. It was last sold for £289,950 in October 2024, which was around 20% below the average October 2024 detached price in the Melton local authority area. The most recent EPC inspection was November 2023, where the current energy rating was D, and the potential energy rating was B.

14 LOWESBY CLOSE Sold Prices

Land registry data shows four sales for 14 LOWESBY CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Melton local authority area for the corresponding sale date. All of the four 14 LOWESBY 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
2024 18 OCT	£289,950	£364,129	20% below HPI
2016 31 MAY	£150,000	£285,482	47% below HPI
2013 12 SEP	£161,000	£241,283	33% below HPI
1998 20 APR	£55,000	£95,263	42% below HPI

14 LOWESBY 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 four 14 LOWESBY CLOSE sales between April 1998 and October 2024 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 May 2016 sale was for 47% below the HPI. So the extrapolation line tracks at 47% below the HPI over time, until the October 2024 sale, where it rises to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might 14 LOWESBY CLOSE be worth now?

14 LOWESBY CLOSE might now be worth an estimated £318,173.

This is based on house price inflation of 9.7%, between October 2024 and February 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 9.7% inflationary increase is applied to the most recent sale price for 14 LOWESBY CLOSE of £289,950 on 18th October 2024. For the value to have increased from £289,950 to £318,173 over the one year and eight months to February 2025, the following assumptions must hold true:

• The value of 14 LOWESBY CLOSE has moved in line with the HPI for detached houses in the Melton local authority area.
• The October 2024 sale price of £289,950 represented a fair market value for the property.
• The size, condition, and specification of 14 LOWESBY CLOSE has not materially changed since October 2024.

How Large is 14 LOWESBY CLOSE?

14 LOWESBY CLOSE is 99m², which includes one extension, according to the EPC inspection conducted in November 2023. This puts it in the smallest 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 LOWESBY CLOSE lies on this distribution: 39% of detached houses houses are smaller than 14 LOWESBY CLOSE, and 60% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

14 LOWESBY CLOSE: Plot and Title Map

14 LOWESBY CLOSE sits on a plot of roughly 0.059 of an acre, or 239m². The below map shows the location of 14 LOWESBY 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 LOWESBY 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 LOWESBY CLOSE?

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