8, ESSEX CLOSE, MELTON MOWBRAY, LE13 1AP - £460,000

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.

8 ESSEX CLOSE is a very large detached house of 209m², built sometime between 1996 and 2002, which could now be worth an estimated £629,258. It was last sold for £460,000 in August 2016, which was around 57% above the average August 2016 detached price in the Melton local authority area. The most recent EPC inspection was November 2015, where the current energy rating was D, and the potential energy rating was C.

8 ESSEX CLOSE Sold Prices

Land registry data shows two sales for 8 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 8 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
2016 24 AUG	£460,000	£292,095	57% above HPI
2001 21 DEC	£274,950	£142,125	93% above HPI

8 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 8 ESSEX CLOSE sales from December 2001 and August 2016 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 93% above the HPI. So the extrapolation line tracks at 93% above the HPI over time, until the August 2016 sale, where it falls to 57% above the HPI. The line then continues to track at 57% above the HPI.

What might 8 ESSEX CLOSE be worth now?

8 ESSEX CLOSE might now be worth an estimated £629,258.

This is based on house price inflation of 36.8%, between August 2016 and February 2025, 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 36.8% inflationary increase is applied to the most recent sale price for 8 ESSEX CLOSE of £460,000 on 24th August 2016. For the value to have increased from £460,000 to £629,258 over the nine years and six months to February 2025, the following assumptions must hold true:

• The value of 8 ESSEX CLOSE has moved in line with the HPI for detached houses in the Melton local authority area.
• The August 2016 sale price of £460,000 represented a fair market value for the property.
• The size, condition, and specification of 8 ESSEX CLOSE has not materially changed since August 2016.

How Large is 8 ESSEX CLOSE?

8 ESSEX CLOSE is 209m² according to the EPC inspection conducted in November 2015. 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 8 ESSEX CLOSE lies on this distribution: 97% of detached houses houses are smaller than 8 ESSEX CLOSE, and 3% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

8 ESSEX CLOSE: Plot and Title Map

8 ESSEX CLOSE sits on a plot of roughly 0.207 of an acre, or 837m². The below map shows the location of 8 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 8 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 8 ESSEX CLOSE?

8 ESSEX CLOSE is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 8 on ESSEX CLOSE.