12, ORCHID CLOSE, MELTON MOWBRAY, LE13 0FE - £207,000

12 ORCHID CLOSE is a very large detached house of 142m², built sometime between 1996 and 2002. It was last sold for £207,000 in May 2013, which was around 8% below the average May 2013 detached price in the Melton local authority area. The most recent EPC inspection was July 2012, where the current energy rating was C, and the potential energy rating was B.

12 ORCHID CLOSE Sold Prices

Land registry data shows two sales for 12 ORCHID CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Melton local authority area for the corresponding sale date. Both of the two 12 ORCHID 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
2013 31 MAY	£207,000	£225,645	8% below HPI
2002 1 NOV	£157,950	£166,969	5% below HPI

12 ORCHID CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Melton local authority area over time, sourced from the HPI. The two 12 ORCHID CLOSE sales from November 2002 and May 2013 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 November 2002 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the May 2013 sale, where it falls to 8% below the HPI. The line then continues to track at 8% below the HPI.

How Large is 12 ORCHID CLOSE?

12 ORCHID CLOSE is 142m² according to the EPC inspection conducted in July 2012. This puts it in the largest 20% of detached houses in Melton Mowbray, based on EPC data. The below chart shows the distribution of detached houses by size in Melton Mowbray, and where 12 ORCHID CLOSE lies on this distribution: 80% of detached houses are smaller than 12 ORCHID CLOSE, and 19% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

12 ORCHID CLOSE: Plot and Title Map

12 ORCHID CLOSE sits on a plot of roughly 0.095 of an acre, or 386m². The below map shows the location of 12 ORCHID 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 12 ORCHID 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 12 ORCHID CLOSE?

12 ORCHID CLOSE is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 12 on ORCHID CLOSE.