16, ROSS CLOSE, MELTON MOWBRAY, LE13 1NG - £365,000

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 ROSS CLOSE is a midsized extended detached house of 117m², built sometime between 1991 and 1995, which could now be worth an estimated £401,764. It was last sold for £365,000 in August 2024, which was around 1% above the average August 2024 detached price in the Melton local authority area. The most recent EPC inspection was March 2017, where the current energy rating was D, and the potential energy rating was C.

16 ROSS CLOSE Sold Prices

Land registry data shows four sales for 16 ROSS 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. two of the four 16 ROSS CLOSE sales were for above the average price, and four 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
2024 5 AUG	£365,000	£363,009	1% above HPI
2017 6 JUL	£273,500	£301,991	9% below HPI
2007 25 MAY	£245,000	£248,980	2% below HPI
1995 9 OCT	£87,500	£79,246	10% above HPI

16 ROSS 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 16 ROSS CLOSE sales between October 1995 and August 2024 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 July 2017 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the August 2024 sale, where it rises to 1% above the HPI. The line then continues to track at 1% above the HPI.

What might 16 ROSS CLOSE be worth now?

16 ROSS CLOSE might now be worth an estimated £401,764.

This is based on house price inflation of 10.1%, between August 2024 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 10.1% inflationary increase is applied to the most recent sale price for 16 ROSS CLOSE of £365,000 on 5th August 2024. For the value to have increased from £365,000 to £401,764 over the one year and six months to February 2025, the following assumptions must hold true:

• The value of 16 ROSS CLOSE has moved in line with the HPI for detached houses in the Melton local authority area.
• The August 2024 sale price of £365,000 represented a fair market value for the property.
• The size, condition, and specification of 16 ROSS CLOSE has not materially changed since August 2024.

How Large is 16 ROSS CLOSE?

16 ROSS CLOSE is 117m², which includes one extension, according to the EPC inspection conducted in March 2017. This puts it in the largest 40% 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 ROSS CLOSE lies on this distribution: 60% of detached houses houses are smaller than 16 ROSS CLOSE, and 40% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

16 ROSS CLOSE: Plot and Title Map

16 ROSS CLOSE sits on a plot of roughly 0.085 of an acre, or 342m². The below map shows the location of 16 ROSS 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 ROSS 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 ROSS CLOSE?

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