6, ESSEX CLOSE, MELTON MOWBRAY, LE13 1AP - £478,000

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.

6 ESSEX CLOSE is a very large extended detached house of 200m², built sometime between 2003 and 2006, which could now be worth an estimated £609,172. It was last sold for £478,000 in March 2018, which was around 52% above the average March 2018 detached price in the Melton local authority area. The most recent EPC inspection was April 2014, where the current energy rating was C, and the potential energy rating was C.

6 ESSEX CLOSE Sold Prices

Land registry data shows three sales for 6 ESSEX 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. All of the three 6 ESSEX 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 29 MAR	£478,000	£313,533	52% above HPI
2006 19 OCT	£345,000	£234,367	47% above HPI
2002 8 FEB	£265,950	£144,545	84% above HPI

6 ESSEX 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 6 ESSEX CLOSE sales between February 2002 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 October 2006 sale was for 47% above the HPI. So the extrapolation line tracks at 47% above the HPI over time, until the March 2018 sale, where it rises to 52% above the HPI. The line then continues to track at 52% above the HPI.

What might 6 ESSEX CLOSE be worth now?

6 ESSEX CLOSE might now be worth an estimated £609,172.

This is based on house price inflation of 27.4%, between March 2018 and February 2025, 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 27.4% inflationary increase is applied to the most recent sale price for 6 ESSEX CLOSE of £478,000 on 29th March 2018. For the value to have increased from £478,000 to £609,172 over the seven years and one month to February 2025, the following assumptions must hold true:

• The value of 6 ESSEX CLOSE has moved in line with the HPI for detached houses in the Melton local authority area.
• The March 2018 sale price of £478,000 represented a fair market value for the property.
• The size, condition, and specification of 6 ESSEX CLOSE has not materially changed since March 2018.

How Large is 6 ESSEX CLOSE?

6 ESSEX CLOSE is 200m², which includes two extensions, according to the EPC inspection conducted in April 2014. This puts it in the largest 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 6 ESSEX CLOSE lies on this distribution: 96% of detached houses houses are smaller than 6 ESSEX CLOSE, and 3% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

6 ESSEX CLOSE: Plot and Title Map

6 ESSEX CLOSE sits on a plot of roughly 0.109 of an acre, or 441m². The below map shows the location of 6 ESSEX 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 6 ESSEX 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 6 ESSEX CLOSE?

6 ESSEX CLOSE is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 6 on ESSEX CLOSE.