2, ORWELL CLOSE, MELTON MOWBRAY, LE13 0QL - £290,000

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 ORWELL CLOSE is a small detached house of 91m², which could now be worth an estimated £312,207. It was last sold for £290,000 in December 2021, which was around 20% 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.

2 ORWELL CLOSE Sold Prices

Land registry data shows two sales for 2 ORWELL 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 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	£363,099	20% below HPI
2019 29 NOV	£239,995	£323,991	26% below HPI

2 ORWELL 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 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 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the December 2021 sale, where it rises to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might 2 ORWELL CLOSE be worth now?

2 ORWELL CLOSE might now be worth an estimated £312,207.

This is based on house price inflation of 7.7%, between December 2021 and March 2025, 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 7.7% inflationary increase is applied to the most recent sale price for 2 ORWELL CLOSE of £290,000 on 3rd December 2021. For the value to have increased from £290,000 to £312,207 over the four years and nine months to March 2025, the following assumptions must hold true:

• The value of 2 ORWELL CLOSE has moved in line with the HPI for detached houses in the Melton local authority area.
• The December 2021 sale price of £290,000 represented a fair market value for the property.
• The size, condition, and specification of 2 ORWELL CLOSE has not materially changed since December 2021.

How Large is 2 ORWELL CLOSE?

2 ORWELL CLOSE is 91m² according to the EPC inspection conducted in November 2019. This puts it in the smallest 40% 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 ORWELL CLOSE lies on this distribution: 30% of detached houses houses are smaller than 2 ORWELL CLOSE, and 68% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

2 ORWELL CLOSE: Plot and Title Map

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.

Where is 2 ORWELL CLOSE?

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.