5, GREENHILL CLOSE, MELTON MOWBRAY, LE13 1UE - £225,000

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 GREENHILL CLOSE is a very small extended detached house of 84m², built sometime between 1967 and 1975, which could now be worth an estimated £288,900. It was last sold for £225,000 in March 2017, which was around 27% below the average March 2017 detached price in the Melton local authority area. The most recent EPC inspection was January 2015, where the current energy rating was D, and the potential energy rating was B.

5 GREENHILL CLOSE Sold Prices

Land registry data shows two sales for 5 GREENHILL 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 GREENHILL 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
2017 6 MAR	£225,000	£310,072	27% below HPI
1995 12 OCT	£51,000	£79,246	36% below HPI

5 GREENHILL 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 GREENHILL CLOSE sales from October 1995 and March 2017 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 October 1995 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the March 2017 sale, where it rises to 27% below the HPI. The line then continues to track at 27% below the HPI.

What might 5 GREENHILL CLOSE be worth now?

5 GREENHILL CLOSE might now be worth an estimated £288,900.

This is based on house price inflation of 28.4%, between March 2017 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 28.4% inflationary increase is applied to the most recent sale price for 5 GREENHILL CLOSE of £225,000 on 6th March 2017. For the value to have increased from £225,000 to £288,900 over the six years and three months to December 2024, the following assumptions must hold true:

• The value of 5 GREENHILL CLOSE has moved in line with the HPI for detached houses in the Melton local authority area.
• The March 2017 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of 5 GREENHILL CLOSE has not materially changed since March 2017.

How Large is 5 GREENHILL CLOSE?

5 GREENHILL CLOSE is 84m², which includes one extension, according to the EPC inspection conducted in January 2015. This puts it in the smallest 20% 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 GREENHILL CLOSE lies on this distribution: 19% of detached houses houses are smaller than 5 GREENHILL CLOSE, and 80% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

5 GREENHILL CLOSE: Plot and Title Map

5 GREENHILL CLOSE sits on a plot of roughly 0.090 of an acre, or 365m². The below map shows the location of 5 GREENHILL 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 GREENHILL 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 GREENHILL CLOSE?

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