5, BLACKSMITHS CLOSE, NETHER BROUGHTON, MELTON MOWBRAY, LE14 3EW - £445,000

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.

5 BLACKSMITHS CLOSE is a midsized detached house of 166m², built sometime between 1991 and 1995, which could now be worth an estimated £521,619. It was last sold for £445,000 in March 2021, which was around 31% above the average March 2021 detached price in the Melton local authority area. The most recent EPC inspection was June 2020, where the current energy rating was C, and the potential energy rating was B.

5 BLACKSMITHS CLOSE Sold Prices

Land registry data shows two sales for 5 BLACKSMITHS 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 5 BLACKSMITHS CLOSE sales were 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
2021 5 MAR	£445,000	£340,880	31% above HPI
1996 24 APR	£112,000	£82,720	35% above HPI

5 BLACKSMITHS 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 5 BLACKSMITHS CLOSE sales from April 1996 and March 2021 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 April 1996 sale was for 35% above the HPI. So the extrapolation line tracks at 35% above the HPI over time, until the March 2021 sale, where it falls to 31% above the HPI. The line then continues to track at 31% above the HPI.

What might 5 BLACKSMITHS CLOSE be worth now?

5 BLACKSMITHS CLOSE might now be worth an estimated £521,619.

This is based on house price inflation of 17.2%, between March 2021 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 17.2% inflationary increase is applied to the most recent sale price for 5 BLACKSMITHS CLOSE of £445,000 on 5th March 2021. For the value to have increased from £445,000 to £521,619 over the four years and one month to February 2025, the following assumptions must hold true:

• The value of 5 BLACKSMITHS CLOSE has moved in line with the HPI for detached houses in the Melton local authority area.
• The March 2021 sale price of £445,000 represented a fair market value for the property.
• The size, condition, and specification of 5 BLACKSMITHS CLOSE has not materially changed since March 2021.

How Large is 5 BLACKSMITHS CLOSE?

5 BLACKSMITHS CLOSE is 166m² according to the EPC inspection conducted in June 2020. This puts it in the largest 50% of detached houses houses in Nether Broughton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Nether Broughton, and where 5 BLACKSMITHS CLOSE lies on this distribution: 57% of detached houses houses are smaller than 5 BLACKSMITHS CLOSE, and 43% of houses are larger. Note that EPC data is not available for all properties in Nether Broughton.

5 BLACKSMITHS CLOSE: Plot and Title Map

5 BLACKSMITHS CLOSE sits on a plot of roughly 0.115 of an acre, or 464m². The below map shows the location of 5 BLACKSMITHS 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 5 BLACKSMITHS 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 5 BLACKSMITHS CLOSE?

5 BLACKSMITHS CLOSE is located in NETHER BROUGHTON, in the LE14 postcode district. The below map shows the position of No. 5 on BLACKSMITHS CLOSE.