11, SWIFT CLOSE, MELTON MOWBRAY, LE13 0BB - £146,500

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 SWIFT CLOSE is a very small semi-detached house of 48m², built sometime between 1967 and 1975, which could now be worth an estimated £175,574. It was last sold for £146,500 in February 2018, which was around 23% below the average February 2018 semi-detached price in the Melton local authority area. The most recent EPC inspection was January 2017, where the current energy rating was D, and the potential energy rating was B.

11 SWIFT CLOSE Sold Prices

Land registry data shows two sales for 11 SWIFT CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Melton local authority area for the corresponding sale date. Both of the two 11 SWIFT 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
2018 23 FEB	£146,500	£190,204	23% below HPI
1996 28 JUN	£38,000	£48,000	21% below HPI

11 SWIFT 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 two 11 SWIFT CLOSE sales from June 1996 and February 2018 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 1996 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the February 2018 sale, where it falls to 23% below the HPI. The line then continues to track at 23% below the HPI.

What might 11 SWIFT CLOSE be worth now?

11 SWIFT CLOSE might now be worth an estimated £175,574.

This is based on house price inflation of 19.8%, between February 2018 and June 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 19.8% inflationary increase is applied to the most recent sale price for 11 SWIFT CLOSE of £146,500 on 23rd February 2018. For the value to have increased from £146,500 to £175,574 over the six years and eight months to June 2025, the following assumptions must hold true:

• The value of 11 SWIFT CLOSE has moved in line with the HPI for semi-detached houses in the Melton local authority area.
• The February 2018 sale price of £146,500 represented a fair market value for the property.
• The size, condition, and specification of 11 SWIFT CLOSE has not materially changed since February 2018.

How Large is 11 SWIFT CLOSE?

11 SWIFT CLOSE is 48m² according to the EPC inspection conducted in January 2017. 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 11 SWIFT CLOSE lies on this distribution: Less than 1% of semi-detached houses houses are smaller than 11 SWIFT CLOSE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

11 SWIFT CLOSE: Plot and Title Map

11 SWIFT CLOSE sits on a plot of roughly 0.065 of an acre, or 262m². The below map shows the location of 11 SWIFT 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 SWIFT 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 SWIFT CLOSE?

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