3, GREENHILL CLOSE, MELTON MOWBRAY, LE13 1UE - £222,250

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

3 GREENHILL CLOSE is a very small detached house of 62m², built sometime between 1967 and 1975, which could now be worth an estimated £224,081. It was last sold for £222,250 in November 2022, which was around 44% below the average November 2022 detached price in the Melton local authority area. The most recent EPC inspection was July 2022, where the current energy rating was D, and the potential energy rating was B.

3 GREENHILL CLOSE Sold Prices

Land registry data shows two sales for 3 GREENHILL 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 GREENHILL 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
2022 17 NOV	£222,250	£394,878	44% below HPI
2019 26 JUL	£200,000	£323,377	38% below HPI

3 GREENHILL 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 GREENHILL CLOSE sales from July 2019 and November 2022 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 July 2019 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the November 2022 sale, where it falls to 44% below the HPI. The line then continues to track at 44% below the HPI.

What might 3 GREENHILL CLOSE be worth now?

3 GREENHILL CLOSE might now be worth an estimated £224,081.

This is based on house price inflation of 0.8%, between November 2022 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 0.8% inflationary increase is applied to the most recent sale price for 3 GREENHILL CLOSE of £222,250 on 17th November 2022. For the value to have increased from £222,250 to £224,081 over the one year and eleven months to December 2024, the following assumptions must hold true:

• The value of 3 GREENHILL CLOSE has moved in line with the HPI for detached houses in the Melton local authority area.
• The November 2022 sale price of £222,250 represented a fair market value for the property.
• The size, condition, and specification of 3 GREENHILL CLOSE has not materially changed since November 2022.

How Large is 3 GREENHILL CLOSE?

3 GREENHILL CLOSE is 62m² according to the EPC inspection conducted in July 2022. This puts it in the smallest 10% 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 GREENHILL CLOSE lies on this distribution: 4% of detached houses houses are smaller than 3 GREENHILL CLOSE, and 96% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

3 GREENHILL CLOSE: Plot and Title Map

3 GREENHILL CLOSE sits on a plot of roughly 0.082 of an acre, or 332m². The below map shows the location of 3 GREENHILL 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 GREENHILL 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 GREENHILL CLOSE?

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