15, SUFFOLK CLOSE, MELTON MOWBRAY, LE13 1DQ - £330,000

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.

15 SUFFOLK CLOSE is a very large detached house of 153m², built sometime between 1991 and 1995, which could now be worth an estimated £461,881. It was last sold for £330,000 in May 2016, which was around 16% above the average May 2016 detached price in the Melton local authority area. The most recent EPC inspection was October 2015, where the current energy rating was D, and the potential energy rating was C.

15 SUFFOLK CLOSE Sold Prices

Land registry data shows four sales for 15 SUFFOLK 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 15 SUFFOLK 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
2016 27 MAY	£330,000	£285,482	16% above HPI
2004 23 NOV	£304,500	£233,624	30% above HPI
2001 21 JUN	£195,000	£129,478	51% above HPI
1998 18 DEC	£166,950	£94,499	77% above HPI

15 SUFFOLK 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 15 SUFFOLK CLOSE sales between December 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 November 2004 sale was for 30% above the HPI. So the extrapolation line tracks at 30% above the HPI over time, until the May 2016 sale, where it falls to 16% above the HPI. The line then continues to track at 16% above the HPI.

What might 15 SUFFOLK CLOSE be worth now?

15 SUFFOLK CLOSE might now be worth an estimated £461,881.

This is based on house price inflation of 40%, between May 2016 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 40% inflationary increase is applied to the most recent sale price for 15 SUFFOLK CLOSE of £330,000 on 27th May 2016. For the value to have increased from £330,000 to £461,881 over the nine years and three months to February 2025, the following assumptions must hold true:

• The value of 15 SUFFOLK CLOSE has moved in line with the HPI for detached houses in the Melton local authority area.
• The May 2016 sale price of £330,000 represented a fair market value for the property.
• The size, condition, and specification of 15 SUFFOLK CLOSE has not materially changed since May 2016.

How Large is 15 SUFFOLK CLOSE?

15 SUFFOLK CLOSE is 153m² according to the EPC inspection conducted in October 2015. This puts it in the largest 20% 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 15 SUFFOLK CLOSE lies on this distribution: 86% of detached houses houses are smaller than 15 SUFFOLK CLOSE, and 14% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

15 SUFFOLK CLOSE: Plot and Title Map

15 SUFFOLK CLOSE sits on a plot of roughly 0.120 of an acre, or 486m². The below map shows the location of 15 SUFFOLK 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 SUFFOLK 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 SUFFOLK CLOSE?

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