2, MARTEG CLOSE, MELTON MOWBRAY, LE13 0HB - £200,000

2 MARTEG CLOSE is a very small detached house of 56m², built sometime between 1950 and 1966. It was last sold for £200,000 in December 2016, which was around 30% below the average December 2016 detached price in the Melton local authority area. The most recent EPC inspection was October 2014, where the current energy rating was D, and the potential energy rating was B.

2 MARTEG CLOSE Sold Prices

Land registry data shows four sales for 2 MARTEG CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Melton local authority area for the corresponding sale date. All of the four 2 MARTEG 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
2016 1 DEC	£200,000	£285,596	30% below HPI
2015 1 MAY	£185,000	£255,597	28% below HPI
2011 8 JUL	£170,000	£220,446	23% below HPI
2007 29 JAN	£145,000	£245,127	41% below HPI

2 MARTEG 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 four 2 MARTEG CLOSE sales between January 2007 and December 2016 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 May 2015 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the December 2016 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is 2 MARTEG CLOSE?

2 MARTEG CLOSE is 56m² according to the EPC inspection conducted in October 2014. This puts it in the smallest 10% 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 2 MARTEG CLOSE lies on this distribution: 2% of detached houses are smaller than 2 MARTEG CLOSE, and 98% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

2 MARTEG CLOSE: Plot and Title Map

2 MARTEG CLOSE sits on a plot of roughly 0.076 of an acre, or 308m². The below map shows the location of 2 MARTEG 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 2 MARTEG 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 2 MARTEG CLOSE?

2 MARTEG CLOSE is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 2 on MARTEG CLOSE.