14, LOWESBY CLOSE, MELTON MOWBRAY, LE13 1HW - £150,000

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

14 LOWESBY CLOSE is a small extended detached house of 99m², built sometime between 1967 and 1975. It was last sold for £150,000 in May 2016, which was around 46% below the average May 2016 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 three sales for 14 LOWESBY 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 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
2016 31 MAY	£150,000	£275,241	46% below HPI
2013 12 SEP	£161,000	£232,628	31% below HPI
1998 20 APR	£55,000	£91,846	40% 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 three 14 LOWESBY CLOSE sales between April 1998 and May 2016 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 2013 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the May 2016 sale, where it falls to 46% below the HPI. The line then continues to track at 46% below the HPI.

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 in Melton Mowbray, based on EPC data. The below chart shows the distribution of detached houses by size in Melton Mowbray, and where 14 LOWESBY CLOSE lies on this distribution: 39% of detached 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.