2, CULTURE CLOSE, MELTON MOWBRAY, LE13 1NP - £249,950

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

2 CULTURE CLOSE is a very small detached house of 84m². It was last sold for £249,950 in September 2021, which was around 26% below the average September 2021 detached price in the Melton local authority area. The most recent EPC inspection was March 2016, where the current energy rating was B, and the potential energy rating was A.

2 CULTURE CLOSE Sold Prices

Land registry data shows two sales for 2 CULTURE CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Melton local authority area for the corresponding sale date. Both of the two 2 CULTURE 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
2021 30 SEP	£249,950	£339,383	26% below HPI
2017 7 APR	£195,995	£300,260	35% below HPI

2 CULTURE 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 two 2 CULTURE CLOSE sales from April 2017 and September 2021 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 April 2017 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the September 2021 sale, where it rises to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 2 CULTURE CLOSE?

2 CULTURE CLOSE is 84m² according to the EPC inspection conducted in March 2016. This puts it in the smallest 20% 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 2 CULTURE CLOSE lies on this distribution: 19% of detached houses are smaller than 2 CULTURE CLOSE, and 80% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

2 CULTURE CLOSE: Plot and Title Map

2 CULTURE CLOSE sits on a plot of roughly 0.045 of an acre, or 182m². The below map shows the location of 2 CULTURE 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 CULTURE 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 CULTURE CLOSE?

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