7, ESSEX CLOSE, MELTON MOWBRAY, LE13 1AP - £361,250

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

7 ESSEX CLOSE is a very large detached house of 196m², built sometime between 1996 and 2002. It was last sold for £361,250 in August 2015, which was around 30% above the average August 2015 detached price in the Melton local authority area. The most recent EPC inspection was March 2010, where the current energy rating was C, and the potential energy rating was C.

7 ESSEX CLOSE Sold Prices

Land registry data shows two sales for 7 ESSEX 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 7 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
2015 7 AUG	£361,250	£277,434	30% above HPI
2001 20 DEC	£235,000	£142,125	65% above HPI

7 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 two 7 ESSEX CLOSE sales from December 2001 and August 2015 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 December 2001 sale was for 65% above the HPI. So the extrapolation line tracks at 65% above the HPI over time, until the August 2015 sale, where it falls to 30% above the HPI. The line then continues to track at 30% above the HPI.

What might 7 ESSEX CLOSE be worth now?

7 ESSEX CLOSE might now be worth an estimated £518,412.

This is based on house price inflation of 43.5%, between August 2015 and December 2024, 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 43.5% inflationary increase is applied to the most recent sale price for 7 ESSEX CLOSE of £361,250 on 7th August 2015. For the value to have increased from £361,250 to £518,412 over the eight years and eight months to December 2024, the following assumptions must hold true:

• The value of 7 ESSEX CLOSE has moved in line with the HPI for detached houses in the Melton local authority area.
• The August 2015 sale price of £361,250 represented a fair market value for the property.
• The size, condition, and specification of 7 ESSEX CLOSE has not materially changed since August 2015.

How Large is 7 ESSEX CLOSE?

7 ESSEX CLOSE is 196m² according to the EPC inspection conducted in March 2010. 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 7 ESSEX CLOSE lies on this distribution: 96% of detached houses houses are smaller than 7 ESSEX CLOSE, and 4% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

7 ESSEX CLOSE: Plot and Title Map

7 ESSEX CLOSE sits on a plot of roughly 0.130 of an acre, or 526m². The below map shows the location of 7 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 7 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 7 ESSEX CLOSE?

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