6, MILDMAY CLOSE, MELTON MOWBRAY, LE13 1AH - £235,000

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 MILDMAY CLOSE is a small extended detached house of 99m², built sometime between 1996 and 2002, which could now be worth an estimated £315,300. It was last sold for £235,000 in September 2016, which was around 21% below the average September 2016 detached price in the Melton local authority area. The most recent EPC inspection was February 2015, where the current energy rating was D, and the potential energy rating was B.

6 MILDMAY CLOSE Sold Prices

Land registry data shows three sales for 6 MILDMAY 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 MILDMAY 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
2016 23 SEP	£235,000	£297,810	21% below HPI
2007 24 AUG	£184,500	£273,638	33% below HPI
2000 8 DEC	£95,500	£120,083	20% below HPI

6 MILDMAY 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 MILDMAY CLOSE sales between December 2000 and September 2016 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 August 2007 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the September 2016 sale, where it rises to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might 6 MILDMAY CLOSE be worth now?

6 MILDMAY CLOSE might now be worth an estimated £315,300.

This is based on house price inflation of 34.2%, between September 2016 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 34.2% inflationary increase is applied to the most recent sale price for 6 MILDMAY CLOSE of £235,000 on 23rd September 2016. For the value to have increased from £235,000 to £315,300 over the nine years and seven months to February 2025, the following assumptions must hold true:

• The value of 6 MILDMAY CLOSE has moved in line with the HPI for detached houses in the Melton local authority area.
• The September 2016 sale price of £235,000 represented a fair market value for the property.
• The size, condition, and specification of 6 MILDMAY CLOSE has not materially changed since September 2016.

How Large is 6 MILDMAY CLOSE?

6 MILDMAY CLOSE is 99m², which includes two extensions, according to the EPC inspection conducted in February 2015. This puts it in the smallest 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 6 MILDMAY CLOSE lies on this distribution: 39% of detached houses houses are smaller than 6 MILDMAY CLOSE, and 60% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

6 MILDMAY CLOSE: Plot and Title Map

6 MILDMAY CLOSE sits on a plot of roughly 0.076 of an acre, or 307m². The below map shows the location of 6 MILDMAY 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 MILDMAY 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 MILDMAY CLOSE?

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