22, SWIFT CLOSE, MELTON MOWBRAY, LE13 0BB - £116,000

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.

22 SWIFT CLOSE is a very small terraced house of 51m², built sometime between 1967 and 1975, which could now be worth an estimated £137,452. It was last sold for £116,000 in September 2017, which was around 25% below the average September 2017 terraced price in the Melton local authority area. The most recent EPC inspection was February 2014, where the current energy rating was C, and the potential energy rating was A.

22 SWIFT CLOSE Sold Prices

Land registry data shows three sales for 22 SWIFT CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Melton local authority area for the corresponding sale date. All of the three 22 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
2017 29 SEP	£116,000	£155,045	25% below HPI
2004 24 JUN	£93,000	£106,905	13% below HPI
2000 21 JUN	£37,500	£52,406	28% below HPI

22 SWIFT CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Melton local authority area over time, sourced from the HPI. The three 22 SWIFT CLOSE sales between June 2000 and September 2017 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 2004 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the September 2017 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might 22 SWIFT CLOSE be worth now?

22 SWIFT CLOSE might now be worth an estimated £137,452.

This is based on house price inflation of 18.5%, between September 2017 and June 2025, for terraced 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 18.5% inflationary increase is applied to the most recent sale price for 22 SWIFT CLOSE of £116,000 on 29th September 2017. For the value to have increased from £116,000 to £137,452 over the eight years and three months to June 2025, the following assumptions must hold true:

• The value of 22 SWIFT CLOSE has moved in line with the HPI for terraced houses in the Melton local authority area.
• The September 2017 sale price of £116,000 represented a fair market value for the property.
• The size, condition, and specification of 22 SWIFT CLOSE has not materially changed since September 2017.

How Large is 22 SWIFT CLOSE?

22 SWIFT CLOSE is 51m² according to the EPC inspection conducted in February 2014. This puts it in the smallest 10% of terraced houses houses in Melton Mowbray, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Melton Mowbray, and where 22 SWIFT CLOSE lies on this distribution: 1% of terraced houses houses are smaller than 22 SWIFT CLOSE, and 99% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

22 SWIFT CLOSE: Plot and Title Map

22 SWIFT CLOSE sits on a plot of roughly 0.036 of an acre, or 146m². The below map shows the location of 22 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 22 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 22 SWIFT CLOSE?

22 SWIFT CLOSE is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 22 on SWIFT CLOSE.