6, WESTMINSTER CLOSE, MELTON MOWBRAY, LE13 0PF - £170,000

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 WESTMINSTER CLOSE is a very small detached house of 43m², built sometime between 1983 and 1990, which could now be worth an estimated £209,603. It was last sold for £170,000 in April 2019, which was around 48% below the average April 2019 detached price in the Melton local authority area. The most recent EPC inspection was March 2017, where the current energy rating was E, and the potential energy rating was B.

6 WESTMINSTER CLOSE Sold Prices

Land registry data shows two sales for 6 WESTMINSTER CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Melton local authority area for the corresponding sale date. Both of the two 6 WESTMINSTER 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
2019 26 APR	£170,000	£324,076	48% below HPI
2017 3 AUG	£150,000	£307,148	51% below HPI

6 WESTMINSTER 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 two 6 WESTMINSTER CLOSE sales from August 2017 and April 2019 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 2017 sale was for 51% below the HPI. So the extrapolation line tracks at 51% below the HPI over time, until the April 2019 sale, where it rises to 48% below the HPI. The line then continues to track at 48% below the HPI.

What might 6 WESTMINSTER CLOSE be worth now?

6 WESTMINSTER CLOSE might now be worth an estimated £209,603.

This is based on house price inflation of 23.3%, between April 2019 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 23.3% inflationary increase is applied to the most recent sale price for 6 WESTMINSTER CLOSE of £170,000 on 26th April 2019. For the value to have increased from £170,000 to £209,603 over the six years and two months to February 2025, the following assumptions must hold true:

• The value of 6 WESTMINSTER CLOSE has moved in line with the HPI for detached houses in the Melton local authority area.
• The April 2019 sale price of £170,000 represented a fair market value for the property.
• The size, condition, and specification of 6 WESTMINSTER CLOSE has not materially changed since April 2019.

How Large is 6 WESTMINSTER CLOSE?

6 WESTMINSTER CLOSE is 43m² according to the EPC inspection conducted in March 2017. This puts it in the smallest 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 WESTMINSTER CLOSE lies on this distribution: Less than 1% of detached houses houses are smaller than 6 WESTMINSTER CLOSE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

6 WESTMINSTER CLOSE: Plot and Title Map

6 WESTMINSTER CLOSE sits on a plot of roughly 0.060 of an acre, or 241m². The below map shows the location of 6 WESTMINSTER 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 WESTMINSTER 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 WESTMINSTER CLOSE?

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