16, SOMERSET CLOSE, MELTON MOWBRAY, LE13 0JS - £312,500

Based on the June 2024 Price Paid Data (released on 26 July 2024), the May 2024 House Price Index (released on 17 July 2024), and the June 2024 Energy Performance of Buildings Data (released on 25 July 2024). Sources

16 SOMERSET CLOSE is a midsized detached house of 101m², built sometime between 1976 and 1982. It was last sold for £312,500 in July 2019, which was about the average July 2019 detached price in the Melton local authority area. The most recent EPC inspection was December 2018, where the current energy rating was E, and the potential energy rating was B.

16 SOMERSET CLOSE Sold Prices

Land registry data shows three sales for 16 SOMERSET 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. The three 16 SOMERSET CLOSE sales were a mix of roughly equal to the average price, and 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
2019 11 JUL	£312,500	£311,777	Close to HPI
2001 20 AUG	£155,000	£126,082	23% above HPI
1997 20 JUN	£105,000	£83,900	25% above HPI

16 SOMERSET 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 SOMERSET CLOSE sales between June 1997 and July 2019 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 August 2001 sale was for 23% above the HPI. So the extrapolation line tracks at 23% above the HPI over time, until the July 2019 sale, where it falls to roughly the same level as the HPI. The line then continues to track in line with the HPI.

How Large is 16 SOMERSET CLOSE?

16 SOMERSET CLOSE is 101m² according to the EPC inspection conducted in December 2018. This puts it in the smallest 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 SOMERSET CLOSE lies on this distribution: 41% of detached houses are smaller than 16 SOMERSET CLOSE, and 58% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

16 SOMERSET CLOSE: Plot and Title Map

16 SOMERSET CLOSE sits on a plot of roughly 0.147 of an acre, or 596m². The below map shows the location of 16 SOMERSET 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 SOMERSET 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 SOMERSET CLOSE?

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