3, ORCHID CLOSE, MELTON MOWBRAY, LE13 0FE - £195,000

Based on the June 2024 Price Paid Data (released on 26 July 2024), the May 2024 House Price Index (released on 17 July 2024), and the June 2024 Energy Performance of Buildings Data (released on 25 July 2024). Sources

3 ORCHID CLOSE is a midsized detached house of 116m², built sometime between 1996 and 2002. It was last sold for £195,000 in January 2013, which was around 17% below the average January 2013 detached price in the Melton local authority area. The most recent EPC inspection was October 2013, where the current energy rating was D, and the potential energy rating was C.

3 ORCHID CLOSE Sold Prices

Land registry data shows two sales for 3 ORCHID 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. One of the two 3 ORCHID CLOSE sales was for below the average price, whilst the other was roughly equal to 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
2013 29 JAN	£195,000	£233,774	17% below HPI
2003 28 FEB	£171,950	£171,773	Close to HPI

3 ORCHID 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 ORCHID CLOSE sales from February 2003 and January 2013 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 2003 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the January 2013 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is 3 ORCHID CLOSE?

3 ORCHID CLOSE is 116m² according to the EPC inspection conducted in October 2013. This puts it in the largest 50% of detached houses in Melton Mowbray, based on EPC data. The below chart shows the distribution of detached houses by size in Melton Mowbray, and where 3 ORCHID CLOSE lies on this distribution: 58% of detached houses are smaller than 3 ORCHID CLOSE, and 41% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

3 ORCHID CLOSE: Plot and Title Map

3 ORCHID CLOSE sits on a plot of roughly 0.080 of an acre, or 324m². The below map shows the location of 3 ORCHID 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 ORCHID 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 ORCHID CLOSE?

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