4, CLEVES CLOSE, MELTON MOWBRAY, LE13 0LZ - £362,500

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

4 CLEVES CLOSE is a midsized extended detached house of 114m², built sometime between 2007 and 2011. It was last sold for £362,500 in August 2022, which was around 3% below the average August 2022 detached price in the Melton local authority area. The most recent EPC inspection was March 2021, where the current energy rating was C, and the potential energy rating was B.

4 CLEVES CLOSE Sold Prices

Land registry data shows three sales for 4 CLEVES 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. Two of the three 4 CLEVES CLOSE sales were for below the average price, whilst one was 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
2022 5 AUG	£362,500	£373,494	3% below HPI
2015 20 AUG	£255,000	£267,481	5% below HPI
2009 15 MAY	£249,950	£204,220	22% above HPI

4 CLEVES 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 4 CLEVES CLOSE sales between May 2009 and August 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 August 2015 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the August 2022 sale, where it rises to 3% below the HPI. The line then continues to track at 3% below the HPI.

How Large is 4 CLEVES CLOSE?

4 CLEVES CLOSE is 114m², which includes one extension, according to the EPC inspection conducted in March 2021. 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 4 CLEVES CLOSE lies on this distribution: 55% of detached houses are smaller than 4 CLEVES CLOSE, and 43% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

4 CLEVES CLOSE: Plot and Title Map

4 CLEVES CLOSE sits on a plot of roughly 0.061 of an acre, or 248m². The below map shows the location of 4 CLEVES 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 4 CLEVES 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 4 CLEVES CLOSE?

4 CLEVES CLOSE is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 4 on CLEVES CLOSE.