4, ORCHID CLOSE, MELTON MOWBRAY, LE13 0FE - £292,000

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

4 ORCHID CLOSE is a large detached house of 131m², built sometime between 1996 and 2002. It was last sold for £292,000 in July 2019, which was around 6% below the average July 2019 detached price in the Melton local authority area. The most recent EPC inspection was January 2011, where the current energy rating was C, and the potential energy rating was C.

4 ORCHID CLOSE Sold Prices

Land registry data shows three sales for 4 ORCHID 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 4 ORCHID 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
2019 25 JUL	£292,000	£311,777	6% below HPI
2017 23 NOV	£269,000	£299,805	10% below HPI
2002 30 SEP	£149,950	£161,695	7% below HPI

4 ORCHID 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 ORCHID CLOSE sales between September 2002 and July 2019 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 2017 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the July 2019 sale, where it rises to 6% below the HPI. The line then continues to track at 6% below the HPI.

How Large is 4 ORCHID CLOSE?

4 ORCHID CLOSE is 131m² according to the EPC inspection conducted in January 2011. This puts it in the largest 30% 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 ORCHID CLOSE lies on this distribution: 73% of detached houses are smaller than 4 ORCHID CLOSE, and 27% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

4 ORCHID CLOSE: Plot and Title Map

4 ORCHID CLOSE sits on a plot of roughly 0.072 of an acre, or 291m². The below map shows the location of 4 ORCHID 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 ORCHID 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 ORCHID CLOSE?

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