2, DURHAM CLOSE, MELTON MOWBRAY, LE13 0RJ - £325,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

2 DURHAM CLOSE is a very large extended detached house of 157m², built sometime between 2003 and 2006, which could now be worth an estimated £427,879. It was last sold for £325,000 in December 2017, which was around 7% above the average December 2017 detached price in the Melton local authority area. The most recent EPC inspection was September 2021, where the current energy rating was C, and the potential energy rating was B.

2 DURHAM CLOSE Sold Prices

Land registry data shows four sales for 2 DURHAM 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 DURHAM CLOSE sales 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 15 DEC	£325,000	£303,499	7% above HPI
2014 28 MAY	£289,000	£245,025	18% above HPI
2011 14 OCT	£250,000	£248,289	1% above HPI
2006 28 APR	£286,500	£224,282	28% above HPI

2 DURHAM 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 DURHAM CLOSE sales between April 2006 and December 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 2014 sale was for 18% above the HPI. So the extrapolation line tracks at 18% above the HPI over time, until the December 2017 sale, where it falls to 7% above the HPI. The line then continues to track at 7% above the HPI.

What might 2 DURHAM CLOSE be worth now?

2 DURHAM CLOSE might now be worth an estimated £427,879.

This is based on house price inflation of 31.7%, between December 2017 and February 2025, 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 31.7% inflationary increase is applied to the most recent sale price for 2 DURHAM CLOSE of £325,000 on 15th December 2017. For the value to have increased from £325,000 to £427,879 over the eight years and ten months to February 2025, the following assumptions must hold true:

• The value of 2 DURHAM CLOSE has moved in line with the HPI for detached houses in the Melton local authority area.
• The December 2017 sale price of £325,000 represented a fair market value for the property.
• The size, condition, and specification of 2 DURHAM CLOSE has not materially changed since December 2017.

How Large is 2 DURHAM CLOSE?

2 DURHAM CLOSE is 157m², which includes one extension, according to the EPC inspection conducted in September 2021. This puts it in the largest 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 DURHAM CLOSE lies on this distribution: 88% of detached houses houses are smaller than 2 DURHAM CLOSE, and 12% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

2 DURHAM CLOSE: Plot and Title Map

2 DURHAM CLOSE sits on a plot of roughly 0.083 of an acre, or 337m². The below map shows the location of 2 DURHAM 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 DURHAM 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 DURHAM CLOSE?

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