Based on the June 2024 Price Paid Data (released on 26 July 2024), the May 2024 House Price Index (released on 17 July 2024), and the June 2024 Energy Performance of Buildings Data (released on 25 July 2024). Sources
2 ORWELL CLOSE is a small detached house of 91m². It was last sold for £290,000 in December 2021, which was around 17% below the average December 2021 detached price in the Melton local authority area. The most recent EPC inspection was November 2019, where the current energy rating was B, and the potential energy rating was A.
Land registry data shows two sales for 2 ORWELL CLOSE since 1st 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 ORWELL 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 3 DEC | £290,000 | £350,074 | ![]() 17% below HPI |
2019 29 NOV | £239,995 | £312,369 | ![]() 23% below HPI |
The below graph shows the average detached house price in the Melton local authority area over time, sourced from the HPI. The two 2 ORWELL CLOSE sales from November 2019 and December 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 2019 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the December 2021 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.
2 ORWELL CLOSE is 91m² according to the EPC inspection conducted in November 2019. This puts it in the smallest 30% of detached houses in Melton Mowbray, based on EPC data. The below chart shows the distribution of detached houses by size in Melton Mowbray, and where 2 ORWELL CLOSE lies on this distribution: 29% of detached houses are smaller than 2 ORWELL CLOSE, and 69% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.
2 ORWELL CLOSE sits on a plot of roughly 0.060 of an acre, or 241m². The below map shows the location of 2 ORWELL 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 ORWELL 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.
2 ORWELL CLOSE is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 2 on ORWELL CLOSE.