7, LYLE CLOSE, MELTON MOWBRAY, LE13 1HS - £225,000

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 LYLE CLOSE is a midsized extended detached house of 110m², built sometime between 1983 and 1990, which could now be worth an estimated £382,220. It was last sold for £225,000 in October 2006, which was around 4% below the average October 2006 detached price in the Melton local authority area. The most recent EPC inspection was December 2024, where the current energy rating was C, and the potential energy rating was B.

7 LYLE CLOSE Sold Prices

Land registry data shows two sales for 7 LYLE 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 LYLE 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
2006 19 OCT	£225,000	£234,367	4% below HPI
1996 26 SEP	£77,980	£89,515	13% below HPI

7 LYLE 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 LYLE CLOSE sales from September 1996 and October 2006 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 1996 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the October 2006 sale, where it rises to 4% below the HPI. The line then continues to track at 4% below the HPI.

What might 7 LYLE CLOSE be worth now?

7 LYLE CLOSE might now be worth an estimated £382,220.

This is based on house price inflation of 69.9%, between October 2006 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 69.9% inflationary increase is applied to the most recent sale price for 7 LYLE CLOSE of £225,000 on 19th October 2006. For the value to have increased from £225,000 to £382,220 over the seventeen years and ten months to December 2024, the following assumptions must hold true:

• The value of 7 LYLE CLOSE has moved in line with the HPI for detached houses in the Melton local authority area.
• The October 2006 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of 7 LYLE CLOSE has not materially changed since October 2006.

How Large is 7 LYLE CLOSE?

7 LYLE CLOSE is 110m², which includes one extension, according to the EPC inspection conducted in December 2024. This puts it in the largest 50% 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 LYLE CLOSE lies on this distribution: 51% of detached houses houses are smaller than 7 LYLE CLOSE, and 47% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

7 LYLE CLOSE: Plot and Title Map

7 LYLE CLOSE sits on a plot of roughly 0.098 of an acre, or 395m². The below map shows the location of 7 LYLE 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 LYLE 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 LYLE CLOSE?

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