5, DURHAM CLOSE, MELTON MOWBRAY, LE13 0RJ - £350,000

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

5 DURHAM CLOSE is a very small detached house of 63m², built sometime between 2003 and 2006. It was last sold for £350,000 in October 2018, which was around 7% above the average October 2018 detached price in the Melton local authority area. The most recent EPC inspection was September 2010, where the current energy rating was C, and the potential energy rating was C.

5 DURHAM CLOSE Sold Prices

Land registry data shows four sales for 5 DURHAM CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Melton local authority area for the corresponding sale date. All of the four 5 DURHAM 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
2018 19 OCT	£350,000	£325,819	7% above HPI
2016 15 APR	£320,000	£286,519	12% above HPI
2012 20 AUG	£285,000	£247,117	15% above HPI
2005 25 AUG	£309,950	£232,168	34% above HPI

5 DURHAM 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 four 5 DURHAM CLOSE sales between August 2005 and October 2018 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 2016 sale was for 12% above the HPI. So the extrapolation line tracks at 12% above the HPI over time, until the October 2018 sale, where it falls to 7% above the HPI. The line then continues to track at 7% above the HPI.

What might 5 DURHAM CLOSE be worth now?

5 DURHAM CLOSE might now be worth an estimated £427,680.

This is based on house price inflation of 22.2%, between October 2018 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 22.2% inflationary increase is applied to the most recent sale price for 5 DURHAM CLOSE of £350,000 on 19th October 2018. For the value to have increased from £350,000 to £427,680 over the five years and ten months to December 2024, the following assumptions must hold true:

• The value of 5 DURHAM CLOSE has moved in line with the HPI for detached houses in the Melton local authority area.
• The October 2018 sale price of £350,000 represented a fair market value for the property.
• The size, condition, and specification of 5 DURHAM CLOSE has not materially changed since October 2018.

How Large is 5 DURHAM CLOSE?

5 DURHAM CLOSE is 63m² according to the EPC inspection conducted in September 2010. This puts it in the smallest 10% 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 5 DURHAM CLOSE lies on this distribution: 4% of detached houses houses are smaller than 5 DURHAM CLOSE, and 96% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

5 DURHAM CLOSE: Plot and Title Map

5 DURHAM CLOSE sits on a plot of roughly 0.130 of an acre, or 526m². The below map shows the location of 5 DURHAM 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 DURHAM 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 DURHAM CLOSE?

5 DURHAM CLOSE is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 5 on DURHAM CLOSE.