2, VULCAN CLOSE, MELTON MOWBRAY, LE13 0GF - £202,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

2 VULCAN CLOSE is a small detached house of 99m², built sometime from 2007 onwards. It was last sold for £202,000 in July 2014, which was around 19% below the average July 2014 detached price in the Melton local authority area. The most recent EPC inspection was March 2014, where the current energy rating was C, and the potential energy rating was B.

2 VULCAN CLOSE Sold Prices

Land registry data shows two sales for 2 VULCAN 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 VULCAN 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
2014 25 JUL	£202,000	£249,270	19% below HPI
2011 30 JUN	£192,500	£222,137	13% below HPI

2 VULCAN 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 VULCAN CLOSE sales from June 2011 and July 2014 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 June 2011 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the July 2014 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is 2 VULCAN CLOSE?

2 VULCAN CLOSE is 99m² according to the EPC inspection conducted in March 2014. This puts it in the smallest 40% 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 VULCAN CLOSE lies on this distribution: 39% of detached houses are smaller than 2 VULCAN CLOSE, and 60% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

2 VULCAN CLOSE: Plot and Title Map

2 VULCAN CLOSE sits on a plot of roughly 0.073 of an acre, or 295m². The below map shows the location of 2 VULCAN 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 VULCAN 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 VULCAN CLOSE?

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