5, LODGE CLOSE, MELTON MOWBRAY, LE13 0TN - £150,000

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 LODGE CLOSE is a very small semi-detached house of 58m², built sometime between 1991 and 1995, which could now be worth an estimated £175,120. It was last sold for £150,000 in November 2020, which was around 29% below the average November 2020 semi-detached price in the Melton local authority area. The most recent EPC inspection was September 2023, where the current energy rating was D, and the potential energy rating was B.

5 LODGE CLOSE Sold Prices

Land registry data shows five sales for 5 LODGE CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average semi-detached price in the Melton local authority area for the corresponding sale date. All of the five 5 LODGE 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 6 NOV	£150,000	£210,069	29% below HPI
2016 15 JUL	£125,000	£176,400	29% below HPI
2014 22 AUG	£115,000	£161,005	29% below HPI
2009 13 OCT	£110,000	£139,070	21% below HPI
2007 3 AUG	£129,000	£170,407	24% below HPI

5 LODGE CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Melton local authority area over time, sourced from the HPI. The five 5 LODGE CLOSE sales between August 2007 and November 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 July 2016 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the November 2020 sale, which was also at 29% below the HPI.

What might 5 LODGE CLOSE be worth now?

5 LODGE CLOSE might now be worth an estimated £175,120.

This is based on house price inflation of 16.7%, between November 2020 and February 2025, for semi-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 16.7% inflationary increase is applied to the most recent sale price for 5 LODGE CLOSE of £150,000 on 6th November 2020. For the value to have increased from £150,000 to £175,120 over the five years and nine months to February 2025, the following assumptions must hold true:

• The value of 5 LODGE CLOSE has moved in line with the HPI for semi-detached houses in the Melton local authority area.
• The November 2020 sale price of £150,000 represented a fair market value for the property.
• The size, condition, and specification of 5 LODGE CLOSE has not materially changed since November 2020.

How Large is 5 LODGE CLOSE?

5 LODGE CLOSE is 58m² according to the EPC inspection conducted in September 2023. This puts it in the smallest 10% of semi-detached houses houses in Melton Mowbray, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Melton Mowbray, and where 5 LODGE CLOSE lies on this distribution: 3% of semi-detached houses houses are smaller than 5 LODGE CLOSE, and 97% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

5 LODGE CLOSE: Plot and Title Map

5 LODGE CLOSE sits on a plot of roughly 0.043 of an acre, or 174m². The below map shows the location of 5 LODGE 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 LODGE 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 LODGE CLOSE?

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