7, WESTMINSTER CLOSE, MELTON MOWBRAY, LE13 0PF - £248,750

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 WESTMINSTER CLOSE is a very large extended detached house of 142m², built sometime between 1983 and 1990, which could now be worth an estimated £413,578. It was last sold for £248,750 in August 2013, which was around 4% above the average August 2013 detached price in the Melton local authority area. The most recent EPC inspection was January 2013, where the current energy rating was D, and the potential energy rating was C.

7 WESTMINSTER CLOSE Sold Prices

Land registry data shows two sales for 7 WESTMINSTER 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 WESTMINSTER 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
2013 9 AUG	£248,750	£239,460	4% above HPI
2006 21 APR	£270,000	£224,282	20% above HPI

7 WESTMINSTER 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 WESTMINSTER CLOSE sales from April 2006 and August 2013 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 April 2006 sale was for 20% above the HPI. So the extrapolation line tracks at 20% above the HPI over time, until the August 2013 sale, where it falls to 4% above the HPI. The line then continues to track at 4% above the HPI.

What might 7 WESTMINSTER CLOSE be worth now?

7 WESTMINSTER CLOSE might now be worth an estimated £413,578.

This is based on house price inflation of 66.3%, between August 2013 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 66.3% inflationary increase is applied to the most recent sale price for 7 WESTMINSTER CLOSE of £248,750 on 9th August 2013. For the value to have increased from £248,750 to £413,578 over the ten years and eight months to December 2024, the following assumptions must hold true:

• The value of 7 WESTMINSTER CLOSE has moved in line with the HPI for detached houses in the Melton local authority area.
• The August 2013 sale price of £248,750 represented a fair market value for the property.
• The size, condition, and specification of 7 WESTMINSTER CLOSE has not materially changed since August 2013.

How Large is 7 WESTMINSTER CLOSE?

7 WESTMINSTER CLOSE is 142m², which includes one extension, according to the EPC inspection conducted in January 2013. This puts it in the largest 20% 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 WESTMINSTER CLOSE lies on this distribution: 81% of detached houses houses are smaller than 7 WESTMINSTER CLOSE, and 19% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

7 WESTMINSTER CLOSE: Plot and Title Map

7 WESTMINSTER CLOSE sits on a plot of roughly 0.118 of an acre, or 476m². The below map shows the location of 7 WESTMINSTER 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 WESTMINSTER 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 WESTMINSTER CLOSE?

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