3, DURHAM CLOSE, MELTON MOWBRAY, LE13 0RJ - £430,000

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.

3 DURHAM CLOSE is a very large extended detached house of 144m², built sometime between 2003 and 2006, which could now be worth an estimated £475,274. It was last sold for £430,000 in November 2021, which was around 19% above the average November 2021 detached price in the Melton local authority area. The most recent EPC inspection was April 2021, where the current energy rating was C, and the potential energy rating was B.

3 DURHAM CLOSE Sold Prices

Land registry data shows two sales for 3 DURHAM 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 DURHAM 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
2021 25 NOV	£430,000	£361,509	19% above HPI
2005 12 SEP	£299,950	£233,560	28% above HPI

3 DURHAM 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 DURHAM CLOSE sales from September 2005 and November 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 September 2005 sale was for 28% above the HPI. So the extrapolation line tracks at 28% above the HPI over time, until the November 2021 sale, where it falls to 19% above the HPI. The line then continues to track at 19% above the HPI.

What might 3 DURHAM CLOSE be worth now?

3 DURHAM CLOSE might now be worth an estimated £475,274.

This is based on house price inflation of 10.5%, between November 2021 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 10.5% inflationary increase is applied to the most recent sale price for 3 DURHAM CLOSE of £430,000 on 25th November 2021. For the value to have increased from £430,000 to £475,274 over the four years and nine months to February 2025, the following assumptions must hold true:

• The value of 3 DURHAM CLOSE has moved in line with the HPI for detached houses in the Melton local authority area.
• The November 2021 sale price of £430,000 represented a fair market value for the property.
• The size, condition, and specification of 3 DURHAM CLOSE has not materially changed since November 2021.

How Large is 3 DURHAM CLOSE?

3 DURHAM CLOSE is 144m², which includes two extensions, according to the EPC inspection conducted in April 2021. This puts it in the largest 20% 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 3 DURHAM CLOSE lies on this distribution: 82% of detached houses houses are smaller than 3 DURHAM CLOSE, and 17% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

3 DURHAM CLOSE: Plot and Title Map

3 DURHAM CLOSE sits on a plot of roughly 0.136 of an acre, or 549m². The below map shows the location of 3 DURHAM 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 DURHAM 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 DURHAM CLOSE?

3 DURHAM CLOSE is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 3 on DURHAM CLOSE.