15, CULTURE CLOSE, MELTON MOWBRAY, LE13 1NP - £268,000

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

15 CULTURE CLOSE is a small detached house of 99m². It was last sold for £268,000 in June 2019, which was around 14% below the average June 2019 detached price in the Melton local authority area. The most recent EPC inspection was February 2017, where the current energy rating was B, and the potential energy rating was A.

15 CULTURE CLOSE Sold Prices

Land registry data shows two sales for 15 CULTURE 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 15 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
2019 4 JUN	£268,000	£311,990	14% below HPI
2017 24 FEB	£245,995	£294,770	17% below HPI

15 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 two 15 CULTURE CLOSE sales from February 2017 and June 2019 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 February 2017 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the June 2019 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

How Large is 15 CULTURE CLOSE?

15 CULTURE CLOSE is 99m² according to the EPC inspection conducted in February 2017. 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 15 CULTURE CLOSE lies on this distribution: 39% of detached houses are smaller than 15 CULTURE CLOSE, and 60% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

15 CULTURE CLOSE: Plot and Title Map

15 CULTURE CLOSE sits on a plot of roughly 0.079 of an acre, or 321m². The below map shows the location of 15 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 15 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 15 CULTURE CLOSE?

15 CULTURE CLOSE is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 15 on CULTURE CLOSE.