2, IRWELL CLOSE, MELTON MOWBRAY, LE13 0EL - £300,000

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 IRWELL CLOSE is a very large extended detached house of 150m², built sometime between 1967 and 1975, which could now be worth an estimated £366,111. It was last sold for £300,000 in January 2020, which was around 8% below the average January 2020 detached price in the Melton local authority area. The most recent EPC inspection was October 2019, where the current energy rating was D, and the potential energy rating was C.

2 IRWELL CLOSE Sold Prices

Land registry data shows two sales for 2 IRWELL 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 IRWELL 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
2020 3 JAN	£300,000	£326,239	8% below HPI
2010 5 FEB	£215,000	£231,544	7% below HPI

2 IRWELL 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 IRWELL CLOSE sales from February 2010 and January 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 February 2010 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the January 2020 sale, where it falls to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might 2 IRWELL CLOSE be worth now?

2 IRWELL CLOSE might now be worth an estimated £366,111.

This is based on house price inflation of 22%, between January 2020 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% inflationary increase is applied to the most recent sale price for 2 IRWELL CLOSE of £300,000 on 3rd January 2020. For the value to have increased from £300,000 to £366,111 over the three years and one month to December 2024, the following assumptions must hold true:

• The value of 2 IRWELL CLOSE has moved in line with the HPI for detached houses in the Melton local authority area.
• The January 2020 sale price of £300,000 represented a fair market value for the property.
• The size, condition, and specification of 2 IRWELL CLOSE has not materially changed since January 2020.

How Large is 2 IRWELL CLOSE?

2 IRWELL CLOSE is 150m², which includes two extensions, according to the EPC inspection conducted in October 2019. 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 IRWELL CLOSE lies on this distribution: 84% of detached houses houses are smaller than 2 IRWELL CLOSE, and 16% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

2 IRWELL CLOSE: Plot and Title Map

2 IRWELL CLOSE sits on a plot of roughly 0.132 of an acre, or 533m². The below map shows the location of 2 IRWELL 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 IRWELL 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 IRWELL CLOSE?

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