4, MARRIOTT CLOSE, ASFORDBY, MELTON MOWBRAY, LE14 3RH - £166,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

4 MARRIOTT CLOSE is a very small detached house of 71m², built sometime between 2003 and 2006, which could now be worth an estimated £276,994. It was last sold for £166,000 in August 2013, which was around 31% below the average August 2013 detached price in the Melton local authority area. The most recent EPC inspection was February 2011, where the current energy rating was C, and the potential energy rating was C.

4 MARRIOTT CLOSE Sold Prices

Land registry data shows two sales for 4 MARRIOTT 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 4 MARRIOTT 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
2013 30 AUG	£166,000	£239,460	31% below HPI
2007 13 APR	£188,950	£252,881	25% below HPI

4 MARRIOTT 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 4 MARRIOTT CLOSE sales from April 2007 and August 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 April 2007 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the August 2013 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

What might 4 MARRIOTT CLOSE be worth now?

4 MARRIOTT CLOSE might now be worth an estimated £276,994.

This is based on house price inflation of 66.9%, between August 2013 and February 2025, 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 66.9% inflationary increase is applied to the most recent sale price for 4 MARRIOTT CLOSE of £166,000 on 30th August 2013. For the value to have increased from £166,000 to £276,994 over the twelve years and six months to February 2025, the following assumptions must hold true:

• The value of 4 MARRIOTT CLOSE has moved in line with the HPI for detached houses in the Melton local authority area.
• The August 2013 sale price of £166,000 represented a fair market value for the property.
• The size, condition, and specification of 4 MARRIOTT CLOSE has not materially changed since August 2013.

How Large is 4 MARRIOTT CLOSE?

4 MARRIOTT CLOSE is 71m² according to the EPC inspection conducted in February 2011. This puts it in the smallest 20% of detached houses houses in Asfordby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Asfordby, and where 4 MARRIOTT CLOSE lies on this distribution: 11% of detached houses houses are smaller than 4 MARRIOTT CLOSE, and 89% of houses are larger. Note that EPC data is not available for all properties in Asfordby.

4 MARRIOTT CLOSE: Plot and Title Map

4 MARRIOTT CLOSE sits on a plot of roughly 0.081 of an acre, or 329m². The below map shows the location of 4 MARRIOTT 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 MARRIOTT 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 MARRIOTT CLOSE?

4 MARRIOTT CLOSE is located in ASFORDBY, in the LE14 postcode district. The below map shows the position of No. 4 on MARRIOTT CLOSE.