4, WATERSIDE CLOSE, MELTON MOWBRAY, LE13 1PF - £290,000

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 WATERSIDE CLOSE is a large extended detached house of 120m², built sometime between 1996 and 2002, which could now be worth an estimated £359,227. It was last sold for £290,000 in May 2019, which was around 10% below the average May 2019 detached price in the Melton local authority area. The most recent EPC inspection was March 2016, where the current energy rating was D, and the potential energy rating was B.

4 WATERSIDE CLOSE Sold Prices

Land registry data shows three sales for 4 WATERSIDE 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 WATERSIDE 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
2019 17 MAY	£290,000	£322,570	10% below HPI
2014 18 JUL	£218,000	£258,545	16% below HPI
1999 2 JUL	£110,950	£102,066	9% above HPI

4 WATERSIDE 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 WATERSIDE CLOSE sales between July 1999 and May 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 July 2014 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the May 2019 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

What might 4 WATERSIDE CLOSE be worth now?

4 WATERSIDE CLOSE might now be worth an estimated £359,227.

This is based on house price inflation of 23.9%, between May 2019 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 23.9% inflationary increase is applied to the most recent sale price for 4 WATERSIDE CLOSE of £290,000 on 17th May 2019. For the value to have increased from £290,000 to £359,227 over the six years and three months to February 2025, the following assumptions must hold true:

• The value of 4 WATERSIDE CLOSE has moved in line with the HPI for detached houses in the Melton local authority area.
• The May 2019 sale price of £290,000 represented a fair market value for the property.
• The size, condition, and specification of 4 WATERSIDE CLOSE has not materially changed since May 2019.

How Large is 4 WATERSIDE CLOSE?

4 WATERSIDE CLOSE is 120m², which includes one extension, according to the EPC inspection conducted in March 2016. This puts it in the largest 40% 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 WATERSIDE CLOSE lies on this distribution: 63% of detached houses houses are smaller than 4 WATERSIDE CLOSE, and 37% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

4 WATERSIDE CLOSE: Plot and Title Map

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

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