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

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

5 LODGE CLOSE is a very small semi-detached house of 58m², built sometime between 1991 and 1995. It was last sold for £150,000 in November 2020, which was around 55% below the average November 2020 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 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	£333,883	55% below HPI
2016 15 JUL	£125,000	£280,183	55% below HPI
2014 22 AUG	£115,000	£255,015	55% below HPI
2009 13 OCT	£110,000	£217,284	49% below HPI
2007 3 AUG	£129,000	£263,822	51% below HPI

5 LODGE 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 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 55% below the HPI. So the extrapolation line tracks at 55% below the HPI over time, until the November 2020 sale, which was also at 55% below the HPI.

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 detached houses in Melton Mowbray, based on EPC data. The below chart shows the distribution of detached houses by size in Melton Mowbray, and where 5 LODGE CLOSE lies on this distribution: 3% of detached 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.