2, BARNGATE CLOSE, MELTON MOWBRAY, LE13 1UQ - £212,000

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

2 BARNGATE CLOSE is a very small detached house of 82m², built sometime between 1976 and 1982, which could now be worth an estimated £259,659. It was last sold for £212,000 in October 2019, which was around 35% below the average October 2019 detached price in the Melton local authority area. The most recent EPC inspection was March 2013, where the current energy rating was D, and the potential energy rating was B.

2 BARNGATE CLOSE Sold Prices

Land registry data shows four sales for 2 BARNGATE 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. All of the four 2 BARNGATE 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
2019 11 OCT	£212,000	£325,057	35% below HPI
2015 19 JUN	£185,000	£271,955	32% below HPI
2014 10 APR	£179,000	£248,167	28% below HPI
2013 27 SEP	£136,000	£241,283	44% below HPI

2 BARNGATE 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 2 BARNGATE CLOSE sales between September 2013 and October 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 June 2015 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the October 2019 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

What might 2 BARNGATE CLOSE be worth now?

2 BARNGATE CLOSE might now be worth an estimated £259,659.

This is based on house price inflation of 22.5%, between October 2019 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 22.5% inflationary increase is applied to the most recent sale price for 2 BARNGATE CLOSE of £212,000 on 11th October 2019. For the value to have increased from £212,000 to £259,659 over the four years and ten months to December 2024, the following assumptions must hold true:

• The value of 2 BARNGATE CLOSE has moved in line with the HPI for detached houses in the Melton local authority area.
• The October 2019 sale price of £212,000 represented a fair market value for the property.
• The size, condition, and specification of 2 BARNGATE CLOSE has not materially changed since October 2019.

How Large is 2 BARNGATE CLOSE?

2 BARNGATE CLOSE is 82m² according to the EPC inspection conducted in March 2013. This puts it in the smallest 20% 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 2 BARNGATE CLOSE lies on this distribution: 16% of detached houses houses are smaller than 2 BARNGATE CLOSE, and 83% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

2 BARNGATE CLOSE: Plot and Title Map

2 BARNGATE CLOSE sits on a plot of roughly 0.107 of an acre, or 435m². The below map shows the location of 2 BARNGATE 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 2 BARNGATE 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 2 BARNGATE CLOSE?

2 BARNGATE CLOSE is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 2 on BARNGATE CLOSE.