8, NENE CLOSE, MELTON MOWBRAY, LE13 0HE - £119,950

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 NENE CLOSE is a very small semi-detached house of 60m², built sometime between 1967 and 1975, which could now be worth an estimated £196,799. It was last sold for £119,950 in October 2011, which was around 20% below the average October 2011 semi-detached price in the Melton local authority area. The most recent EPC inspection was June 2011, where the current energy rating was E, and the potential energy rating was C.

8 NENE CLOSE Sold Prices

Land registry data shows four sales for 8 NENE CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Melton local authority area for the corresponding sale date. All of the four 8 NENE 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
2011 10 OCT	£119,950	£149,480	20% below HPI
2006 30 JUN	£124,999	£149,670	16% below HPI
2005 11 JUL	£123,500	£141,983	13% below HPI
1998 17 JUL	£44,750	£57,065	22% below HPI

8 NENE CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Melton local authority area over time, sourced from the HPI. The four 8 NENE CLOSE sales between July 1998 and October 2011 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 June 2006 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the October 2011 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might 8 NENE CLOSE be worth now?

8 NENE CLOSE might now be worth an estimated £196,799.

This is based on house price inflation of 64.1%, between October 2011 and February 2025, for semi-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 64.1% inflationary increase is applied to the most recent sale price for 8 NENE CLOSE of £119,950 on 10th October 2011. For the value to have increased from £119,950 to £196,799 over the fourteen years and eight months to February 2025, the following assumptions must hold true:

• The value of 8 NENE CLOSE has moved in line with the HPI for semi-detached houses in the Melton local authority area.
• The October 2011 sale price of £119,950 represented a fair market value for the property.
• The size, condition, and specification of 8 NENE CLOSE has not materially changed since October 2011.

How Large is 8 NENE CLOSE?

8 NENE CLOSE is 60m² according to the EPC inspection conducted in June 2011. This puts it in the smallest 10% of semi-detached houses houses in Melton Mowbray, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Melton Mowbray, and where 8 NENE CLOSE lies on this distribution: 3% of semi-detached houses houses are smaller than 8 NENE CLOSE, and 97% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

8 NENE CLOSE: Plot and Title Map

8 NENE CLOSE sits on a plot of roughly 0.041 of an acre, or 165m². The below map shows the location of 8 NENE 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 NENE 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 NENE CLOSE?

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