8, MELVILLE CLOSE, LOUGHBOROUGH, LE11 4FN - £330,000

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 MELVILLE CLOSE is a midsized extended detached house of 110m², built sometime between 1991 and 1995, which could now be worth an estimated £337,664. It was last sold for £330,000 in September 2023, which was around 19% below the average September 2023 detached price in the Charnwood local authority area. The most recent EPC inspection was July 2023, where the current energy rating was C, and the potential energy rating was B.

8 MELVILLE CLOSE Sold Prices

Land registry data shows three sales for 8 MELVILLE CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Charnwood local authority area for the corresponding sale date. All of the three 8 MELVILLE 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 29 SEP	£330,000	£406,774	19% below HPI
2007 20 AUG	£196,000	£256,898	24% below HPI
2004 16 APR	£179,950	£213,558	16% below HPI

8 MELVILLE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Charnwood local authority area over time, sourced from the HPI. The three 8 MELVILLE CLOSE sales between April 2004 and September 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 August 2007 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the September 2023 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might 8 MELVILLE CLOSE be worth now?

8 MELVILLE CLOSE might now be worth an estimated £337,664.

This is based on house price inflation of 2.3%, between September 2023 and February 2025, for detached houses, in the Charnwood local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 2.3% inflationary increase is applied to the most recent sale price for 8 MELVILLE CLOSE of £330,000 on 29th September 2023. For the value to have increased from £330,000 to £337,664 over the two years and seven months to February 2025, the following assumptions must hold true:

• The value of 8 MELVILLE CLOSE has moved in line with the HPI for detached houses in the Charnwood local authority area.
• The September 2023 sale price of £330,000 represented a fair market value for the property.
• The size, condition, and specification of 8 MELVILLE CLOSE has not materially changed since September 2023.

How Large is 8 MELVILLE CLOSE?

8 MELVILLE CLOSE is 110m², which includes two extensions, according to the EPC inspection conducted in July 2023. This puts it in the smallest 50% of detached houses houses in Loughborough, based on EPC data. The below chart shows the distribution of detached houses houses by size in Loughborough, and where 8 MELVILLE CLOSE lies on this distribution: 47% of detached houses houses are smaller than 8 MELVILLE CLOSE, and 53% of houses are larger. Note that EPC data is not available for all properties in Loughborough.

8 MELVILLE CLOSE: Plot and Title Map

8 MELVILLE CLOSE sits on a plot of roughly 0.069 of an acre, or 278m². The below map shows the location of 8 MELVILLE 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 MELVILLE 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 MELVILLE CLOSE?

8 MELVILLE CLOSE is located in LOUGHBOROUGH, in the LE11 postcode district. The below map shows the position of No. 8 on MELVILLE CLOSE.