2, FOREST CLOSE, MELTON MOWBRAY, LE13 1ST - £245,000

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 FOREST CLOSE is a very large extended detached house of 143m², built sometime between 1976 and 1982. It was last sold for £245,000 in March 2018, which was around 22% below the average March 2018 detached price in the Melton local authority area. The most recent EPC inspection was June 2013, where the current energy rating was D, and the potential energy rating was C.

2 FOREST CLOSE Sold Prices

Land registry data shows three sales for 2 FOREST 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. One of the three 2 FOREST CLOSE sales was for below the average price, whilst two 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
2018 23 MAR	£245,000	£313,533	22% below HPI
2002 23 JUL	£172,500	£162,084	6% above HPI
1995 31 AUG	£84,000	£81,268	3% above HPI

2 FOREST 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 2 FOREST CLOSE sales between August 1995 and March 2018 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 July 2002 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the March 2018 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might 2 FOREST CLOSE be worth now?

2 FOREST CLOSE might now be worth an estimated £311,107.

This is based on house price inflation of 27%, between March 2018 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 27% inflationary increase is applied to the most recent sale price for 2 FOREST CLOSE of £245,000 on 23rd March 2018. For the value to have increased from £245,000 to £311,107 over the five years and three months to December 2024, the following assumptions must hold true:

• The value of 2 FOREST CLOSE has moved in line with the HPI for detached houses in the Melton local authority area.
• The March 2018 sale price of £245,000 represented a fair market value for the property.
• The size, condition, and specification of 2 FOREST CLOSE has not materially changed since March 2018.

How Large is 2 FOREST CLOSE?

2 FOREST CLOSE is 143m², which includes one extension, according to the EPC inspection conducted in June 2013. 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 FOREST CLOSE lies on this distribution: 82% of detached houses houses are smaller than 2 FOREST CLOSE, and 18% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

2 FOREST CLOSE: Plot and Title Map

2 FOREST CLOSE sits on a plot of roughly 0.112 of an acre, or 454m². The below map shows the location of 2 FOREST 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 FOREST 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 FOREST CLOSE?

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