2, FAIRFIELD CLOSE, MELTON MOWBRAY, LE13 1UD - £232,000

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 FAIRFIELD CLOSE is a midsized extended semi-detached house of 100m², built sometime between 1967 and 1975, which could now be worth an estimated £281,931. It was last sold for £232,000 in July 2020, which was around 15% above the average July 2020 semi-detached price in the Melton local authority area. The most recent EPC inspection was July 2012, where the current energy rating was C, and the potential energy rating was B.

2 FAIRFIELD CLOSE Sold Prices

Land registry data shows two sales for 2 FAIRFIELD CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Melton local authority area for the corresponding sale date. Both of the two 2 FAIRFIELD 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
2020 9 JUL	£232,000	£201,814	15% above HPI
2001 5 OCT	£87,500	£75,807	15% above HPI

2 FAIRFIELD CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Melton local authority area over time, sourced from the HPI. The two 2 FAIRFIELD CLOSE sales from October 2001 and July 2020 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 October 2001 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the July 2020 sale, which was also at 15% above the HPI.

What might 2 FAIRFIELD CLOSE be worth now?

2 FAIRFIELD CLOSE might now be worth an estimated £281,931.

This is based on house price inflation of 21.5%, between July 2020 and February 2025, for semi-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 21.5% inflationary increase is applied to the most recent sale price for 2 FAIRFIELD CLOSE of £232,000 on 9th July 2020. For the value to have increased from £232,000 to £281,931 over the five years and five months to February 2025, the following assumptions must hold true:

• The value of 2 FAIRFIELD CLOSE has moved in line with the HPI for semi-detached houses in the Melton local authority area.
• The July 2020 sale price of £232,000 represented a fair market value for the property.
• The size, condition, and specification of 2 FAIRFIELD CLOSE has not materially changed since July 2020.

How Large is 2 FAIRFIELD CLOSE?

2 FAIRFIELD CLOSE is 100m², which includes one extension, according to the EPC inspection conducted in July 2012. This puts it in the smallest 50% of semi-detached houses houses in Melton Mowbray, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Melton Mowbray, and where 2 FAIRFIELD CLOSE lies on this distribution: 40% of semi-detached houses houses are smaller than 2 FAIRFIELD CLOSE, and 59% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

2 FAIRFIELD CLOSE: Plot and Title Map

2 FAIRFIELD CLOSE sits on a plot of roughly 0.064 of an acre, or 261m². The below map shows the location of 2 FAIRFIELD 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 FAIRFIELD 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 FAIRFIELD CLOSE?

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