3, BLACKSMITHS CLOSE, NETHER BROUGHTON, MELTON MOWBRAY, LE14 3EW - £420,000

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

3 BLACKSMITHS CLOSE is a small detached house of 119m², built sometime between 1983 and 1990. It was last sold for £420,000 in May 2019, which was around 35% above the average May 2019 detached price in the Melton local authority area. The most recent EPC inspection was October 2018, where the current energy rating was C, and the potential energy rating was B.

3 BLACKSMITHS CLOSE Sold Prices

Land registry data shows two sales for 3 BLACKSMITHS 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 3 BLACKSMITHS CLOSE sales were for above 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
2019 7 MAY	£420,000	£310,998	35% above HPI
2015 13 FEB	£315,000	£253,953	24% above HPI

3 BLACKSMITHS 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 3 BLACKSMITHS CLOSE sales from February 2015 and May 2019 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 2015 sale was for 24% above the HPI. So the extrapolation line tracks at 24% above the HPI over time, until the May 2019 sale, where it rises to 35% above the HPI. The line then continues to track at 35% above the HPI.

How Large is 3 BLACKSMITHS CLOSE?

3 BLACKSMITHS CLOSE is 119m² according to the EPC inspection conducted in October 2018. This puts it in the smallest 40% of detached houses in Nether Broughton, based on EPC data. The below chart shows the distribution of detached houses by size in Nether Broughton, and where 3 BLACKSMITHS CLOSE lies on this distribution: 37% of detached houses are smaller than 3 BLACKSMITHS CLOSE, and 63% of houses are larger. Note that EPC data is not available for all properties in Nether Broughton.

3 BLACKSMITHS CLOSE: Plot and Title Map

3 BLACKSMITHS CLOSE sits on a plot of roughly 0.164 of an acre, or 664m². The below map shows the location of 3 BLACKSMITHS 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 3 BLACKSMITHS 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 3 BLACKSMITHS CLOSE?

3 BLACKSMITHS CLOSE is located in NETHER BROUGHTON, in the LE14 postcode district. The below map shows the position of No. 3 on BLACKSMITHS CLOSE.