4, LYLE CLOSE, MELTON MOWBRAY, LE13 1HS - £299,000

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

4 LYLE CLOSE is a small extended detached house of 90m², built sometime between 1983 and 1990, which could now be worth an estimated £331,909. It was last sold for £299,000 in February 2022, which was around 17% below the average February 2022 detached price in the Melton local authority area. The most recent EPC inspection was June 2021, where the current energy rating was C, and the potential energy rating was B.

4 LYLE CLOSE Sold Prices

Land registry data shows five sales for 4 LYLE 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. All of the five 4 LYLE 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 17 FEB	£299,000	£358,657	17% below HPI
2017 24 FEB	£205,000	£305,738	33% below HPI
2008 20 JUN	£173,500	£247,447	30% below HPI
2002 31 MAY	£115,000	£154,563	26% below HPI
2001 30 MAR	£90,000	£126,466	29% below HPI

4 LYLE 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 4 LYLE CLOSE sales between March 2001 and February 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 February 2017 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the February 2022 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 4 LYLE CLOSE be worth now?

4 LYLE CLOSE might now be worth an estimated £331,909.

This is based on house price inflation of 11%, between February 2022 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 11% inflationary increase is applied to the most recent sale price for 4 LYLE CLOSE of £299,000 on 17th February 2022. For the value to have increased from £299,000 to £331,909 over the one year and two months to December 2024, the following assumptions must hold true:

• The value of 4 LYLE CLOSE has moved in line with the HPI for detached houses in the Melton local authority area.
• The February 2022 sale price of £299,000 represented a fair market value for the property.
• The size, condition, and specification of 4 LYLE CLOSE has not materially changed since February 2022.

How Large is 4 LYLE CLOSE?

4 LYLE CLOSE is 90m², which includes one extension, according to the EPC inspection conducted in June 2021. This puts it in the smallest 30% 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 4 LYLE CLOSE lies on this distribution: 29% of detached houses houses are smaller than 4 LYLE CLOSE, and 70% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

4 LYLE CLOSE: Plot and Title Map

4 LYLE CLOSE sits on a plot of roughly 0.057 of an acre, or 230m². The below map shows the location of 4 LYLE 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 LYLE 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 LYLE CLOSE?

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