2, SYCAMORE CLOSE, MELTON MOWBRAY, LE13 0PX - £232,000

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 SYCAMORE CLOSE is a small extended detached house of 99m², built sometime between 1991 and 1995. It was last sold for £232,000 in December 2015, which was around 16% below the average December 2015 detached price in the Melton local authority area. The most recent EPC inspection was March 2011, where the current energy rating was E, and the potential energy rating was D.

2 SYCAMORE CLOSE Sold Prices

Land registry data shows three sales for 2 SYCAMORE 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. All of the three 2 SYCAMORE 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
2015 18 DEC	£232,000	£276,621	16% below HPI
2012 3 FEB	£200,000	£234,067	15% below HPI
1998 21 APR	£89,950	£95,263	6% below HPI

2 SYCAMORE 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 SYCAMORE CLOSE sales between April 1998 and December 2015 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 2012 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the December 2015 sale, where it falls to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might 2 SYCAMORE CLOSE be worth now?

2 SYCAMORE CLOSE might now be worth an estimated £333,910.

This is based on house price inflation of 43.9%, between December 2015 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 43.9% inflationary increase is applied to the most recent sale price for 2 SYCAMORE CLOSE of £232,000 on 18th December 2015. For the value to have increased from £232,000 to £333,910 over the nine years to December 2024, the following assumptions must hold true:

• The value of 2 SYCAMORE CLOSE has moved in line with the HPI for detached houses in the Melton local authority area.
• The December 2015 sale price of £232,000 represented a fair market value for the property.
• The size, condition, and specification of 2 SYCAMORE CLOSE has not materially changed since December 2015.

How Large is 2 SYCAMORE CLOSE?

2 SYCAMORE CLOSE is 99m², which includes one extension, according to the EPC inspection conducted in March 2011. 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 SYCAMORE CLOSE lies on this distribution: 40% of detached houses houses are smaller than 2 SYCAMORE CLOSE, and 60% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

2 SYCAMORE CLOSE: Plot and Title Map

2 SYCAMORE CLOSE sits on a plot of roughly 0.104 of an acre, or 421m². The below map shows the location of 2 SYCAMORE 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 SYCAMORE 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 SYCAMORE CLOSE?

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