7, CHADWELL CLOSE, MELTON MOWBRAY, LE13 1EH - £152,500

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 CHADWELL CLOSE is a very small semi-detached house of 61m², built sometime between 1967 and 1975. It was last sold for £152,500 in November 2019, which was around 51% below the average November 2019 detached price in the Melton local authority area. The most recent EPC inspection was August 2012, where the current energy rating was E, and the potential energy rating was B.

7 CHADWELL CLOSE Sold Prices

Land registry data shows three sales for 7 CHADWELL 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 7 CHADWELL 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 22 NOV	£152,500	£312,369	51% below HPI
2007 14 SEP	£125,000	£265,194	53% below HPI
2001 11 APR	£54,000	£123,802	56% below HPI

7 CHADWELL 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 7 CHADWELL CLOSE sales between April 2001 and November 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 September 2007 sale was for 53% below the HPI. So the extrapolation line tracks at 53% below the HPI over time, until the November 2019 sale, where it rises to 51% below the HPI. The line then continues to track at 51% below the HPI.

How Large is 7 CHADWELL CLOSE?

7 CHADWELL CLOSE is 61m² according to the EPC inspection conducted in August 2012. This puts it in the smallest 10% 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 CHADWELL CLOSE lies on this distribution: 4% of detached houses are smaller than 7 CHADWELL CLOSE, and 96% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

7 CHADWELL CLOSE: Plot and Title Map

7 CHADWELL CLOSE sits on a plot of roughly 0.043 of an acre, or 173m². The below map shows the location of 7 CHADWELL 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 CHADWELL 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 CHADWELL CLOSE?

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