4, SOUTHWELL CLOSE, MELTON MOWBRAY, LE13 0PY - £238,500

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 SOUTHWELL CLOSE is a very large detached house of 163m², built sometime between 2003 and 2006. It was last sold for £238,500 in November 2015, which was around 11% below the average November 2015 detached price in the Melton local authority area. The most recent EPC inspection was August 2014, where the current energy rating was C, and the potential energy rating was B.

4 SOUTHWELL CLOSE Sold Prices

Land registry data shows two sales for 4 SOUTHWELL 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. One of the two 4 SOUTHWELL CLOSE sales was for below the average price, whilst the other 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
2015 12 NOV	£238,500	£269,233	11% below HPI
2007 22 JUN	£299,950	£246,992	21% above HPI

4 SOUTHWELL 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 SOUTHWELL CLOSE sales from June 2007 and November 2015 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 June 2007 sale was for 21% above the HPI. So the extrapolation line tracks at 21% above the HPI over time, until the November 2015 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is 4 SOUTHWELL CLOSE?

4 SOUTHWELL CLOSE is 163m² according to the EPC inspection conducted in August 2014. This puts it in the largest 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 4 SOUTHWELL CLOSE lies on this distribution: 89% of detached houses are smaller than 4 SOUTHWELL CLOSE, and 11% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

4 SOUTHWELL CLOSE: Plot and Title Map

4 SOUTHWELL CLOSE sits on a plot of roughly 0.071 of an acre, or 288m². The below map shows the location of 4 SOUTHWELL 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 SOUTHWELL 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 SOUTHWELL CLOSE?

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