3, SARSON CLOSE, ASFORDBY, MELTON MOWBRAY, LE14 3UG - £227,000

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 SARSON CLOSE is a very small detached house of 51m², built sometime between 1967 and 1975. It was last sold for £227,000 in July 2022, which was around 37% below the average July 2022 detached price in the Melton local authority area. The most recent EPC inspection was April 2022, where the current energy rating was C, and the potential energy rating was B.

3 SARSON CLOSE Sold Prices

Land registry data shows three sales for 3 SARSON CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Melton local authority area for the corresponding sale date. All of the three 3 SARSON 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 8 JUL	£227,000	£362,001	37% below HPI
2011 3 NOV	£137,500	£232,758	41% below HPI
2007 14 MAR	£163,000	£250,385	35% below HPI

3 SARSON 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 three 3 SARSON CLOSE sales between March 2007 and July 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 November 2011 sale was for 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the July 2022 sale, where it rises to 37% below the HPI. The line then continues to track at 37% below the HPI.

How Large is 3 SARSON CLOSE?

3 SARSON CLOSE is 51m² according to the EPC inspection conducted in April 2022. This puts it in the smallest 10% of detached houses in Asfordby, based on EPC data. The below chart shows the distribution of detached houses by size in Asfordby, and where 3 SARSON CLOSE lies on this distribution: 3% of detached houses are smaller than 3 SARSON CLOSE, and 96% of houses are larger. Note that EPC data is not available for all properties in Asfordby.

3 SARSON CLOSE: Plot and Title Map

3 SARSON CLOSE sits on a plot of roughly 0.047 of an acre, or 190m². The below map shows the location of 3 SARSON 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 SARSON 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 SARSON CLOSE?

3 SARSON CLOSE is located in ASFORDBY, in the LE14 postcode district. The below map shows the position of No. 3 on SARSON CLOSE.