7, BRIDLE CLOSE, MELTON MOWBRAY, LE13 0SW - £265,000

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

7 BRIDLE CLOSE is a midsized extended detached house of 113m², built sometime between 1991 and 1995. It was last sold for £265,000 in July 2017, which was around 9% below the average July 2017 detached price in the Melton local authority area. The most recent EPC inspection was November 2016, where the current energy rating was D, and the potential energy rating was B.

7 BRIDLE CLOSE Sold Prices

Land registry data shows four sales for 7 BRIDLE CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Melton local authority area for the corresponding sale date. The four 7 BRIDLE CLOSE sales were a mix of below the average price, and roughly equal to 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
2017 17 JUL	£265,000	£291,157	9% below HPI
2015 17 FEB	£234,950	£253,953	7% below HPI
2004 25 MAR	£197,000	£202,814	3% below HPI
2003 4 APR	£169,950	£170,086	Close to HPI

7 BRIDLE 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 four 7 BRIDLE CLOSE sales between April 2003 and July 2017 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 2015 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the July 2017 sale, where it falls to 9% below the HPI. The line then continues to track at 9% below the HPI.

How Large is 7 BRIDLE CLOSE?

7 BRIDLE CLOSE is 113m², which includes one extension, according to the EPC inspection conducted in November 2016. This puts it in the largest 50% 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 7 BRIDLE CLOSE lies on this distribution: 54% of detached houses are smaller than 7 BRIDLE CLOSE, and 45% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

7 BRIDLE CLOSE: Plot and Title Map

7 BRIDLE CLOSE sits on a plot of roughly 0.089 of an acre, or 362m². The below map shows the location of 7 BRIDLE 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 7 BRIDLE 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 7 BRIDLE CLOSE?

7 BRIDLE CLOSE is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 7 on BRIDLE CLOSE.