5, MILTON CLOSE, MELTON MOWBRAY, LE13 1LP - £295,000

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 MILTON CLOSE is a large extended detached house of 120m², built sometime between 1976 and 1982. It was last sold for £295,000 in March 2018, which was around 6% below the average March 2018 detached price in the Melton local authority area. The most recent EPC inspection was January 2018, where the current energy rating was D, and the potential energy rating was B.

5 MILTON CLOSE Sold Prices

Land registry data shows three sales for 5 MILTON CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Melton local authority area for the corresponding sale date. Two of the three 5 MILTON CLOSE sales were for below the average price, whilst one was 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 29 MAR	£295,000	£313,533	6% below HPI
2008 1 FEB	£228,000	£247,718	8% below HPI
2001 6 JUL	£135,000	£130,630	3% above HPI

5 MILTON 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 three 5 MILTON CLOSE sales between July 2001 and March 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 February 2008 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the March 2018 sale, where it rises to 6% below the HPI. The line then continues to track at 6% below the HPI.

What might 5 MILTON CLOSE be worth now?

5 MILTON CLOSE might now be worth an estimated £374,598.

This is based on house price inflation of 27%, between March 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 27% inflationary increase is applied to the most recent sale price for 5 MILTON CLOSE of £295,000 on 29th March 2018. For the value to have increased from £295,000 to £374,598 over the five years and three months to December 2024, the following assumptions must hold true:

• The value of 5 MILTON CLOSE has moved in line with the HPI for detached houses in the Melton local authority area.
• The March 2018 sale price of £295,000 represented a fair market value for the property.
• The size, condition, and specification of 5 MILTON CLOSE has not materially changed since March 2018.

How Large is 5 MILTON CLOSE?

5 MILTON CLOSE is 120m², which includes one extension, according to the EPC inspection conducted in January 2018. This puts it in the largest 40% 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 MILTON CLOSE lies on this distribution: 63% of detached houses houses are smaller than 5 MILTON CLOSE, and 37% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

5 MILTON CLOSE: Plot and Title Map

5 MILTON CLOSE sits on a plot of roughly 0.113 of an acre, or 458m². The below map shows the location of 5 MILTON 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 MILTON 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 MILTON CLOSE?

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