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

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

8 MELVILLE CLOSE is a midsized extended detached house of 110m², built sometime between 1991 and 1995. It was last sold for £330,000 in September 2023, which was around 20% 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	£412,220	20% below HPI
2007 20 AUG	£196,000	£260,416	25% below HPI
2004 16 APR	£179,950	£216,482	17% 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 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the September 2023 sale, where it rises to 20% below the HPI. The line then continues to track at 20% below the HPI.

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 in Loughborough, based on EPC data. The below chart shows the distribution of detached houses by size in Loughborough, and where 8 MELVILLE CLOSE lies on this distribution: 47% of detached 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.