16, WESTMINSTER CLOSE, MELTON MOWBRAY, LE13 0PF - £385,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

16 WESTMINSTER CLOSE is a very large detached house of 167m², built sometime between 1983 and 1990. It was last sold for £385,000 in March 2023, which was about the average March 2023 detached price in the Melton local authority area. The most recent EPC inspection was May 2022, where the current energy rating was C, and the potential energy rating was B.

16 WESTMINSTER CLOSE Sold Prices

Land registry data shows three sales for 16 WESTMINSTER 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 WESTMINSTER CLOSE sales were a mix of roughly equal to the average price, and 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
2023 31 MAR	£385,000	£383,310	Close to HPI
2015 22 MAY	£260,000	£265,107	2% below HPI
2003 25 JUN	£139,000	£192,496	28% below HPI

16 WESTMINSTER 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 WESTMINSTER CLOSE sales between June 2003 and March 2023 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 2015 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the March 2023 sale, where it rises to roughly the same level as the HPI. The line then continues to track in line with the HPI.

What might 16 WESTMINSTER CLOSE be worth now?

16 WESTMINSTER CLOSE might now be worth an estimated £399,887.

This is based on house price inflation of 3.9%, between March 2023 and December 2024, 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 3.9% inflationary increase is applied to the most recent sale price for 16 WESTMINSTER CLOSE of £385,000 on 31st March 2023. For the value to have increased from £385,000 to £399,887 over the three months to December 2024, the following assumptions must hold true:

• The value of 16 WESTMINSTER CLOSE has moved in line with the HPI for detached houses in the Melton local authority area.
• The March 2023 sale price of £385,000 represented a fair market value for the property.
• The size, condition, and specification of 16 WESTMINSTER CLOSE has not materially changed since March 2023.

How Large is 16 WESTMINSTER CLOSE?

16 WESTMINSTER CLOSE is 167m² according to the EPC inspection conducted in May 2022. This puts it in the largest 10% 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 WESTMINSTER CLOSE lies on this distribution: 91% of detached houses houses are smaller than 16 WESTMINSTER CLOSE, and 9% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

16 WESTMINSTER CLOSE: Plot and Title Map

16 WESTMINSTER CLOSE sits on a plot of roughly 0.087 of an acre, or 352m². The below map shows the location of 16 WESTMINSTER 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 WESTMINSTER 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 WESTMINSTER CLOSE?

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