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

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.

40 FREEBY CLOSE is a large extended detached house of 118m², built sometime between 1967 and 1975, which could now be worth an estimated £296,725. It was last sold for £260,000 in October 2020, which was around 26% 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	£350,118	26% below HPI
2008 7 JAN	£187,000	£257,012	27% 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 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the October 2020 sale, where it rises to 26% below the HPI. The line then continues to track at 26% below the HPI.

What might 40 FREEBY CLOSE be worth now?

40 FREEBY CLOSE might now be worth an estimated £296,725.

This is based on house price inflation of 14.1%, between October 2020 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 14.1% inflationary increase is applied to the most recent sale price for 40 FREEBY CLOSE of £260,000 on 26th October 2020. For the value to have increased from £260,000 to £296,725 over the five years and eight months to February 2025, the following assumptions must hold true:

• The value of 40 FREEBY CLOSE has moved in line with the HPI for detached houses in the Melton local authority area.
• The October 2020 sale price of £260,000 represented a fair market value for the property.
• The size, condition, and specification of 40 FREEBY CLOSE has not materially changed since October 2020.

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 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 40 FREEBY CLOSE lies on this distribution: 61% of detached houses houses are smaller than 40 FREEBY CLOSE, and 38% 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.