7, IRWELL CLOSE, MELTON MOWBRAY, LE13 0EL - £162,250

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.

7 IRWELL CLOSE is a very small extended semi-detached house of 78m², built sometime between 1967 and 1975, which could now be worth an estimated £241,007. It was last sold for £162,250 in June 2015, which was around 2% below the average June 2015 semi-detached price in the Melton local authority area. The most recent EPC inspection was January 2014, where the current energy rating was D, and the potential energy rating was B.

7 IRWELL CLOSE Sold Prices

Land registry data shows two sales for 7 IRWELL CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Melton local authority area for the corresponding sale date. Both of the two 7 IRWELL 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
2015 5 JUN	£162,250	£165,105	2% below HPI
2013 31 JAN	£133,500	£146,997	9% below HPI

7 IRWELL CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Melton local authority area over time, sourced from the HPI. The two 7 IRWELL CLOSE sales from January 2013 and June 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 January 2013 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the June 2015 sale, where it rises to 2% below the HPI. The line then continues to track at 2% below the HPI.

What might 7 IRWELL CLOSE be worth now?

7 IRWELL CLOSE might now be worth an estimated £241,007.

This is based on house price inflation of 48.5%, between June 2015 and February 2025, for semi-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 48.5% inflationary increase is applied to the most recent sale price for 7 IRWELL CLOSE of £162,250 on 5th June 2015. For the value to have increased from £162,250 to £241,007 over the ten years and four months to February 2025, the following assumptions must hold true:

• The value of 7 IRWELL CLOSE has moved in line with the HPI for semi-detached houses in the Melton local authority area.
• The June 2015 sale price of £162,250 represented a fair market value for the property.
• The size, condition, and specification of 7 IRWELL CLOSE has not materially changed since June 2015.

How Large is 7 IRWELL CLOSE?

7 IRWELL CLOSE is 78m², which includes one extension, according to the EPC inspection conducted in January 2014. This puts it in the smallest 20% of semi-detached houses houses in Melton Mowbray, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Melton Mowbray, and where 7 IRWELL CLOSE lies on this distribution: 12% of semi-detached houses houses are smaller than 7 IRWELL CLOSE, and 88% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

7 IRWELL CLOSE: Plot and Title Map

7 IRWELL CLOSE sits on a plot of roughly 0.052 of an acre, or 212m². The below map shows the location of 7 IRWELL 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 IRWELL 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 IRWELL CLOSE?

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