11, LOWESBY CLOSE, MELTON MOWBRAY, LE13 1HW - £230,000

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.

11 LOWESBY CLOSE is a very small extended semi-detached house of 81m², built sometime between 1967 and 1975, which could now be worth an estimated £229,483. It was last sold for £230,000 in September 2022, which was around 5% below the average September 2022 semi-detached price in the Melton local authority area. The most recent EPC inspection was May 2017, where the current energy rating was D, and the potential energy rating was B.

11 LOWESBY CLOSE Sold Prices

Land registry data shows four sales for 11 LOWESBY 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 11 LOWESBY 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
2022 16 SEP	£230,000	£242,689	5% below HPI
2020 10 DEC	£189,950	£217,640	13% below HPI
2018 23 MAR	£174,000	£189,786	8% below HPI
2017 8 SEP	£127,000	£188,990	33% below HPI

11 LOWESBY 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 11 LOWESBY CLOSE sales between September 2017 and September 2022 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 December 2020 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the September 2022 sale, where it rises to 5% below the HPI. The line then continues to track at 5% below the HPI.

What might 11 LOWESBY CLOSE be worth now?

11 LOWESBY CLOSE might now be worth an estimated £229,483.

This is based on house price deflation of 0.2%, between September 2022 and March 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 0.2% deflationary decrease is applied to the most recent sale price for 11 LOWESBY CLOSE of £230,000 on 16th September 2022. For the value to have decreased from £230,000 to £229,483 over the three years and six months to March 2025, the following assumptions must hold true:

• The value of 11 LOWESBY CLOSE has moved in line with the HPI for semi-detached houses in the Melton local authority area.
• The September 2022 sale price of £230,000 represented a fair market value for the property.
• The size, condition, and specification of 11 LOWESBY CLOSE has not materially changed since September 2022.

How Large is 11 LOWESBY CLOSE?

11 LOWESBY CLOSE is 81m², which includes two extensions, according to the EPC inspection conducted in May 2017. This puts it in the smallest 20% 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 11 LOWESBY CLOSE lies on this distribution: 15% of semi-detached houses houses are smaller than 11 LOWESBY CLOSE, and 84% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

11 LOWESBY CLOSE: Plot and Title Map

11 LOWESBY CLOSE sits on a plot of roughly 0.044 of an acre, or 180m². The below map shows the location of 11 LOWESBY 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 11 LOWESBY 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 11 LOWESBY CLOSE?

11 LOWESBY CLOSE is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 11 on LOWESBY CLOSE.