21, COWMAN CLOSE, ASFORDBY, MELTON MOWBRAY, LE14 3RW - £154,000

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.

21 COWMAN CLOSE is a very small detached house of 78m², built sometime between 1996 and 2002, which could now be worth an estimated £261,989. It was last sold for £154,000 in May 2011, which was around 34% below the average May 2011 detached price in the Melton local authority area. The most recent EPC inspection was March 2010, where the current energy rating was D, and the potential energy rating was C.

21 COWMAN CLOSE Sold Prices

Land registry data shows two sales for 21 COWMAN 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 21 COWMAN 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
2011 27 MAY	£154,000	£234,873	34% below HPI
2001 20 DEC	£84,995	£142,125	40% below HPI

21 COWMAN 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 21 COWMAN CLOSE sales from December 2001 and May 2011 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 December 2001 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the May 2011 sale, where it rises to 34% below the HPI. The line then continues to track at 34% below the HPI.

What might 21 COWMAN CLOSE be worth now?

21 COWMAN CLOSE might now be worth an estimated £261,989.

This is based on house price inflation of 70.1%, between May 2011 and February 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 70.1% inflationary increase is applied to the most recent sale price for 21 COWMAN CLOSE of £154,000 on 27th May 2011. For the value to have increased from £154,000 to £261,989 over the fourteen years and three months to February 2025, the following assumptions must hold true:

• The value of 21 COWMAN CLOSE has moved in line with the HPI for detached houses in the Melton local authority area.
• The May 2011 sale price of £154,000 represented a fair market value for the property.
• The size, condition, and specification of 21 COWMAN CLOSE has not materially changed since May 2011.

How Large is 21 COWMAN CLOSE?

21 COWMAN CLOSE is 78m² according to the EPC inspection conducted in March 2010. This puts it in the smallest 20% of detached houses houses in Asfordby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Asfordby, and where 21 COWMAN CLOSE lies on this distribution: 18% of detached houses houses are smaller than 21 COWMAN CLOSE, and 82% of houses are larger. Note that EPC data is not available for all properties in Asfordby.

21 COWMAN CLOSE: Plot and Title Map

21 COWMAN CLOSE sits on a plot of roughly 0.080 of an acre, or 324m². The below map shows the location of 21 COWMAN 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 21 COWMAN 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 21 COWMAN CLOSE?

21 COWMAN CLOSE is located in ASFORDBY, in the LE14 postcode district. The below map shows the position of No. 21 on COWMAN CLOSE.