8, FAIRFIELD CLOSE, MELTON MOWBRAY, LE13 1UD - £180,000

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

8 FAIRFIELD CLOSE is a small extended detached house of 98m², built sometime between 1967 and 1975, which could now be worth an estimated £258,309. It was last sold for £180,000 in August 2015, which was around 35% below the average August 2015 detached price in the Melton local authority area. The most recent EPC inspection was February 2016, where the current energy rating was D, and the potential energy rating was B.

8 FAIRFIELD CLOSE Sold Prices

Land registry data shows four sales for 8 FAIRFIELD CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Melton local authority area for the corresponding sale date. All of the four 8 FAIRFIELD 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 21 AUG	£180,000	£277,434	35% below HPI
2006 16 FEB	£182,000	£218,221	17% below HPI
2004 7 APR	£159,995	£212,108	25% below HPI
1998 27 AUG	£74,500	£98,000	24% below HPI

8 FAIRFIELD 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 four 8 FAIRFIELD CLOSE sales between August 1998 and August 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 February 2006 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the August 2015 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

What might 8 FAIRFIELD CLOSE be worth now?

8 FAIRFIELD CLOSE might now be worth an estimated £258,309.

This is based on house price inflation of 43.5%, between August 2015 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 43.5% inflationary increase is applied to the most recent sale price for 8 FAIRFIELD CLOSE of £180,000 on 21st August 2015. For the value to have increased from £180,000 to £258,309 over the eight years and eight months to December 2024, the following assumptions must hold true:

• The value of 8 FAIRFIELD CLOSE has moved in line with the HPI for detached houses in the Melton local authority area.
• The August 2015 sale price of £180,000 represented a fair market value for the property.
• The size, condition, and specification of 8 FAIRFIELD CLOSE has not materially changed since August 2015.

How Large is 8 FAIRFIELD CLOSE?

8 FAIRFIELD CLOSE is 98m², which includes one extension, according to the EPC inspection conducted in February 2016. This puts it in the smallest 40% 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 FAIRFIELD CLOSE lies on this distribution: 39% of detached houses houses are smaller than 8 FAIRFIELD CLOSE, and 61% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

8 FAIRFIELD CLOSE: Plot and Title Map

8 FAIRFIELD CLOSE sits on a plot of roughly 0.065 of an acre, or 263m². The below map shows the location of 8 FAIRFIELD 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 FAIRFIELD 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 FAIRFIELD CLOSE?

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