40, FREEBY CLOSE, MELTON MOWBRAY, LE13 1HN - £260,000

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

40 FREEBY CLOSE is a large extended detached house of 118m², built sometime between 1967 and 1975. It was last sold for £260,000 in October 2020, which was around 23% below the average October 2020 detached price in the Melton local authority area. The most recent EPC inspection was November 2019, where the current energy rating was D, and the potential energy rating was C.

40 FREEBY CLOSE Sold Prices

Land registry data shows two sales for 40 FREEBY 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 40 FREEBY 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
2020 26 OCT	£260,000	£337,558	23% below HPI
2008 7 JAN	£187,000	£247,792	25% below HPI

40 FREEBY 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 40 FREEBY CLOSE sales from January 2008 and October 2020 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 January 2008 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the October 2020 sale, where it rises to 23% below the HPI. The line then continues to track at 23% below the HPI.

How Large is 40 FREEBY CLOSE?

40 FREEBY CLOSE is 118m², which includes one extension, according to the EPC inspection conducted in November 2019. This puts it in the largest 40% 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 40 FREEBY CLOSE lies on this distribution: 60% of detached houses are smaller than 40 FREEBY CLOSE, and 39% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

40 FREEBY CLOSE: Plot and Title Map

40 FREEBY CLOSE sits on a plot of roughly 0.084 of an acre, or 341m². The below map shows the location of 40 FREEBY 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 40 FREEBY 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 40 FREEBY CLOSE?

40 FREEBY CLOSE is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 40 on FREEBY CLOSE.