2, JOHNSON CLOSE, MELTON MOWBRAY, LE13 1TH - £249,950

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 JOHNSON CLOSE is a very small detached house of 74m², built sometime between 1967 and 1975, which could now be worth an estimated £282,699. It was last sold for £249,950 in September 2021, which was around 29% below the average September 2021 detached price in the Melton local authority area. The most recent EPC inspection was August 2021, where the current energy rating was D, and the potential energy rating was B.

2 JOHNSON CLOSE Sold Prices

Land registry data shows two sales for 2 JOHNSON 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 JOHNSON 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 27 SEP	£249,950	£352,011	29% below HPI
2009 12 NOV	£186,000	£229,740	19% below HPI

2 JOHNSON 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 JOHNSON CLOSE sales from November 2009 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 November 2009 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the September 2021 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

What might 2 JOHNSON CLOSE be worth now?

2 JOHNSON CLOSE might now be worth an estimated £282,699.

This is based on house price inflation of 13.1%, between September 2021 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 13.1% inflationary increase is applied to the most recent sale price for 2 JOHNSON CLOSE of £249,950 on 27th September 2021. For the value to have increased from £249,950 to £282,699 over the two years and nine months to December 2024, the following assumptions must hold true:

• The value of 2 JOHNSON CLOSE has moved in line with the HPI for detached houses in the Melton local authority area.
• The September 2021 sale price of £249,950 represented a fair market value for the property.
• The size, condition, and specification of 2 JOHNSON CLOSE has not materially changed since September 2021.

How Large is 2 JOHNSON CLOSE?

2 JOHNSON CLOSE is 74m² according to the EPC inspection conducted in August 2021. This puts it in the smallest 10% 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 JOHNSON CLOSE lies on this distribution: 9% of detached houses houses are smaller than 2 JOHNSON CLOSE, and 91% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

2 JOHNSON CLOSE: Plot and Title Map

2 JOHNSON CLOSE sits on a plot of roughly 0.089 of an acre, or 361m². The below map shows the location of 2 JOHNSON 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 JOHNSON 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 JOHNSON CLOSE?

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