16, FOREST CLOSE, MELTON MOWBRAY, LE13 1ST - £345,000

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

16 FOREST CLOSE is a very large extended detached house of 141m², built sometime between 1983 and 1990. It was last sold for £345,000 in June 2020, which was around 14% above the average June 2020 detached price in the Melton local authority area. The most recent EPC inspection was November 2014, where the current energy rating was D, and the potential energy rating was B.

16 FOREST CLOSE Sold Prices

Land registry data shows two sales for 16 FOREST 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. One of the two 16 FOREST CLOSE sales was for above the average price, whilst the other was 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
2020 16 JUN	£345,000	£302,137	14% above HPI
2017 6 JAN	£267,000	£294,648	9% below HPI

16 FOREST 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 16 FOREST CLOSE sales from January 2017 and June 2020 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 January 2017 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the June 2020 sale, where it rises to 14% above the HPI. The line then continues to track at 14% above the HPI.

How Large is 16 FOREST CLOSE?

16 FOREST CLOSE is 141m², which includes one extension, according to the EPC inspection conducted in November 2014. This puts it in the largest 20% 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 16 FOREST CLOSE lies on this distribution: 80% of detached houses are smaller than 16 FOREST CLOSE, and 20% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

16 FOREST CLOSE: Plot and Title Map

16 FOREST CLOSE sits on a plot of roughly 0.100 of an acre, or 403m². The below map shows the location of 16 FOREST 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 16 FOREST 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 16 FOREST CLOSE?

16 FOREST CLOSE is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 16 on FOREST CLOSE.