7, MILDMAY CLOSE, MELTON MOWBRAY, LE13 1AH - £350,000

Based on the June 2024 Price Paid Data (released on 26 July 2024), the May 2024 House Price Index (released on 17 July 2024), and the June 2024 Energy Performance of Buildings Data (released on 25 July 2024). Sources

7 MILDMAY CLOSE is a midsized extended detached house of 112m², built sometime between 1991 and 1995. It was last sold for £350,000 in May 2023, which was around 5% below the average May 2023 detached price in the Melton local authority area. The most recent EPC inspection was January 2023, where the current energy rating was C, and the potential energy rating was B.

7 MILDMAY CLOSE Sold Prices

Land registry data shows two sales for 7 MILDMAY 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 MILDMAY 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
2023 26 MAY	£350,000	£368,689	5% below HPI
1995 6 MAR	£71,750	£73,763	3% below HPI

7 MILDMAY 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 MILDMAY CLOSE sales from March 1995 and May 2023 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 March 1995 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the May 2023 sale, where it falls to 5% below the HPI. The line then continues to track at 5% below the HPI.

How Large is 7 MILDMAY CLOSE?

7 MILDMAY CLOSE is 112m², which includes two extensions, according to the EPC inspection conducted in January 2023. 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 MILDMAY CLOSE lies on this distribution: 53% of detached houses are smaller than 7 MILDMAY CLOSE, and 46% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

7 MILDMAY CLOSE: Plot and Title Map

7 MILDMAY CLOSE sits on a plot of roughly 0.081 of an acre, or 330m². The below map shows the location of 7 MILDMAY 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 MILDMAY 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 MILDMAY CLOSE?

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