16, FREEBY CLOSE, MELTON MOWBRAY, LE13 1HN - £210,000

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.

16 FREEBY CLOSE is a midsized extended detached house of 111m², built sometime between 1967 and 1975, which could now be worth an estimated £300,259. It was last sold for £210,000 in September 2015, which was around 25% below the average September 2015 detached price in the Melton local authority area. The most recent EPC inspection was August 2013, where the current energy rating was D, and the potential energy rating was C.

16 FREEBY CLOSE Sold Prices

Land registry data shows six sales for 16 FREEBY CLOSE since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the Melton local authority area for the corresponding sale date. All of the six 16 FREEBY 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
2015 18 SEP	£210,000	£279,459	25% below HPI
2013 13 DEC	£204,000	£251,739	19% below HPI
2006 2 NOV	£207,000	£241,373	14% below HPI
2005 12 AUG	£191,500	£232,168	18% below HPI
1998 11 SEP	£83,000	£98,906	16% below HPI
1996 23 AUG	£75,000	£86,409	13% below HPI

16 FREEBY 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 six 16 FREEBY CLOSE sales between August 1996 and September 2015 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 December 2013 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the September 2015 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might 16 FREEBY CLOSE be worth now?

16 FREEBY CLOSE might now be worth an estimated £300,259.

This is based on house price inflation of 43%, between September 2015 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 43% inflationary increase is applied to the most recent sale price for 16 FREEBY CLOSE of £210,000 on 18th September 2015. For the value to have increased from £210,000 to £300,259 over the ten years and seven months to February 2025, the following assumptions must hold true:

• The value of 16 FREEBY CLOSE has moved in line with the HPI for detached houses in the Melton local authority area.
• The September 2015 sale price of £210,000 represented a fair market value for the property.
• The size, condition, and specification of 16 FREEBY CLOSE has not materially changed since September 2015.

How Large is 16 FREEBY CLOSE?

16 FREEBY CLOSE is 111m², which includes one extension, according to the EPC inspection conducted in August 2013. This puts it in the largest 50% 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 16 FREEBY CLOSE lies on this distribution: 53% of detached houses houses are smaller than 16 FREEBY CLOSE, and 47% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

16 FREEBY CLOSE: Plot and Title Map

16 FREEBY CLOSE sits on a plot of roughly 0.109 of an acre, or 442m². The below map shows the location of 16 FREEBY 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 FREEBY 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 FREEBY CLOSE?

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