3, HILARY CLOSE, MELTON MOWBRAY, LE13 1PU - £399,950

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 HILARY CLOSE is a midsized detached house of 103m², built sometime between 1996 and 2002. It was last sold for £399,950 in August 2024, which was around 7% above the average August 2024 detached price in the Melton local authority area. The most recent EPC inspection was October 2014, where the current energy rating was D, and the potential energy rating was B.

3 HILARY CLOSE Sold Prices

Land registry data shows five sales for 3 HILARY CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Melton local authority area for the corresponding sale date. Most of the five 3 HILARY 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
2024 20 AUG	£399,950	£372,904	7% above HPI
2021 14 DEC	£370,000	£363,099	2% above HPI
2019 26 APR	£307,500	£324,076	5% below HPI
1999 7 MAY	£110,500	£97,472	13% above HPI
1997 6 JUN	£99,995	£87,021	15% above HPI

3 HILARY 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 five 3 HILARY CLOSE sales between June 1997 and August 2024 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 2021 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the August 2024 sale, where it rises to 7% above the HPI. The line then continues to track at 7% above the HPI.

What might 3 HILARY CLOSE be worth now?

3 HILARY CLOSE might now be worth an estimated £427,008.

This is based on house price inflation of 6.8%, between August 2024 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 6.8% inflationary increase is applied to the most recent sale price for 3 HILARY CLOSE of £399,950 on 20th August 2024. For the value to have increased from £399,950 to £427,008 over the eight months to December 2024, the following assumptions must hold true:

• The value of 3 HILARY CLOSE has moved in line with the HPI for detached houses in the Melton local authority area.
• The August 2024 sale price of £399,950 represented a fair market value for the property.
• The size, condition, and specification of 3 HILARY CLOSE has not materially changed since August 2024.

How Large is 3 HILARY CLOSE?

3 HILARY CLOSE is 103m² according to the EPC inspection conducted in October 2014. This puts it in the smallest 50% 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 HILARY CLOSE lies on this distribution: 44% of detached houses houses are smaller than 3 HILARY CLOSE, and 55% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

3 HILARY CLOSE: Plot and Title Map

3 HILARY CLOSE sits on a plot of roughly 0.091 of an acre, or 369m². The below map shows the location of 3 HILARY 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 HILARY 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 HILARY CLOSE?

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