1, MELVILLE CLOSE, LOUGHBOROUGH, LE11 4FN - £294,000

1 MELVILLE CLOSE is a very small extended detached house of 79m², built sometime between 1983 and 1990. It was last sold for £294,000 in June 2023, which was around 32% below the average June 2023 detached price in the Charnwood local authority area. The most recent EPC inspection was August 2022, where the current energy rating was D, and the potential energy rating was B.

1 MELVILLE CLOSE Sold Prices

Land registry data shows three sales for 1 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 1 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 2 JUN	£294,000	£434,299	32% below HPI
2006 3 APR	£162,000	£228,536	29% below HPI
2001 9 AUG	£109,000	£130,225	16% below HPI

1 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 1 MELVILLE CLOSE sales between August 2001 and June 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 April 2006 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the June 2023 sale, where it falls to 32% below the HPI. The line then continues to track at 32% below the HPI.

How Large is 1 MELVILLE CLOSE?

1 MELVILLE CLOSE is 79m², which includes one extension, according to the EPC inspection conducted in August 2022. This puts it in the smallest 20% of detached houses in Loughborough, based on EPC data. The below chart shows the distribution of detached houses by size in Loughborough, and where 1 MELVILLE CLOSE lies on this distribution: 12% of detached houses are smaller than 1 MELVILLE CLOSE, and 87% of houses are larger. Note that EPC data is not available for all properties in Loughborough.

1 MELVILLE CLOSE: Plot and Title Map

1 MELVILLE CLOSE sits on a plot of roughly 0.066 of an acre, or 265m². The below map shows the location of 1 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 1 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 1 MELVILLE CLOSE?

1 MELVILLE CLOSE is located in LOUGHBOROUGH, in the LE11 postcode district. The below map shows the position of No. 1 on MELVILLE CLOSE.