3, SPINNEY CLOSE, MELTON MOWBRAY, LE13 1SD - £267,500

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 SPINNEY CLOSE is a very small detached house of 81m², built sometime between 1950 and 1966. It was last sold for £267,500 in January 2018, which was around 9% below the average January 2018 detached price in the Melton local authority area. The most recent EPC inspection was August 2017, where the current energy rating was D, and the potential energy rating was C.

3 SPINNEY CLOSE Sold Prices

Land registry data shows two sales for 3 SPINNEY 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 SPINNEY 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
2018 26 JAN	£267,500	£294,536	9% below HPI
2016 12 DEC	£172,300	£285,596	40% below HPI

3 SPINNEY 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 SPINNEY CLOSE sales from December 2016 and January 2018 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 2016 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the January 2018 sale, where it rises to 9% below the HPI. The line then continues to track at 9% below the HPI.

How Large is 3 SPINNEY CLOSE?

3 SPINNEY CLOSE is 81m² according to the EPC inspection conducted in August 2017. This puts it in the smallest 20% 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 SPINNEY CLOSE lies on this distribution: 15% of detached houses are smaller than 3 SPINNEY CLOSE, and 84% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

3 SPINNEY CLOSE: Plot and Title Map

3 SPINNEY CLOSE sits on a plot of roughly 0.087 of an acre, or 351m². The below map shows the location of 3 SPINNEY 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 SPINNEY 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 SPINNEY CLOSE?

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