16, ROSS CLOSE, MELTON MOWBRAY, LE13 1NG - £273,500

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

16 ROSS CLOSE is a midsized extended detached house of 117m², built sometime between 1991 and 1995. It was last sold for £273,500 in July 2017, which was around 6% below the average July 2017 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 three sales for 16 ROSS CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Melton local authority area for the corresponding sale date. One of the three 16 ROSS CLOSE sales was for below the average price, whilst two 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
2017 6 JUL	£273,500	£291,157	6% below HPI
2007 25 MAY	£245,000	£240,049	2% above HPI
1995 9 OCT	£87,500	£76,403	15% 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 three 16 ROSS CLOSE sales between October 1995 and July 2017 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 May 2007 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the July 2017 sale, where it falls to 6% below the HPI. The line then continues to track at 6% below the HPI.

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 50% 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 ROSS CLOSE lies on this distribution: 59% of detached 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.