44, FIELD CLOSE, MELTON MOWBRAY, LE13 1DS - £247,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

44 FIELD CLOSE is a large extended detached house of 126m², built sometime between 1967 and 1975. It was last sold for £247,000 in September 2007, which was around 10% below the average September 2007 detached price in the Melton local authority area. The most recent EPC inspection was September 2024, where the current energy rating was C, and the potential energy rating was C.

44 FIELD CLOSE Sold Prices

Land registry data shows three sales for 44 FIELD 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 44 FIELD 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
2007 28 SEP	£247,000	£275,061	10% below HPI
2000 15 DEC	£113,750	£120,083	5% below HPI
1996 29 MAR	£70,000	£83,523	16% below HPI

44 FIELD 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 44 FIELD CLOSE sales between March 1996 and September 2007 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 December 2000 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the September 2007 sale, where it falls to 10% below the HPI. The line then continues to track at 10% below the HPI.

What might 44 FIELD CLOSE be worth now?

44 FIELD CLOSE might now be worth an estimated £357,516.

This is based on house price inflation of 44.7%, between September 2007 and December 2024, 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 44.7% inflationary increase is applied to the most recent sale price for 44 FIELD CLOSE of £247,000 on 28th September 2007. For the value to have increased from £247,000 to £357,516 over the sixteen years and nine months to December 2024, the following assumptions must hold true:

• The value of 44 FIELD CLOSE has moved in line with the HPI for detached houses in the Melton local authority area.
• The September 2007 sale price of £247,000 represented a fair market value for the property.
• The size, condition, and specification of 44 FIELD CLOSE has not materially changed since September 2007.

How Large is 44 FIELD CLOSE?

44 FIELD CLOSE is 126m², which includes two extensions, according to the EPC inspection conducted in September 2024. 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 44 FIELD CLOSE lies on this distribution: 68% of detached houses houses are smaller than 44 FIELD CLOSE, and 31% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

44 FIELD CLOSE: Plot and Title Map

44 FIELD CLOSE sits on a plot of roughly 0.182 of an acre, or 736m². The below map shows the location of 44 FIELD 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 44 FIELD 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 44 FIELD CLOSE?

44 FIELD CLOSE is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 44 on FIELD CLOSE.