29, SWIFT CLOSE, MELTON MOWBRAY, LE13 0BB - £105,000

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.

29 SWIFT CLOSE is a very small terraced house of 60m², built sometime between 1976 and 1982, which could now be worth an estimated £124,485. It was last sold for £105,000 in February 2018, which was around 32% below the average February 2018 terraced price in the Melton local authority area. The most recent EPC inspection was July 2017, where the current energy rating was C, and the potential energy rating was B.

29 SWIFT CLOSE Sold Prices

Land registry data shows three sales for 29 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 29 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 7 FEB	£105,000	£154,961	32% below HPI
2017 4 JUL	£95,000	£150,453	37% below HPI
1999 3 DEC	£40,000	£52,854	24% below HPI

29 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 29 SWIFT CLOSE sales between December 1999 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 July 2017 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the February 2018 sale, where it rises to 32% below the HPI. The line then continues to track at 32% below the HPI.

What might 29 SWIFT CLOSE be worth now?

29 SWIFT CLOSE might now be worth an estimated £124,485.

This is based on house price inflation of 18.6%, between February 2018 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 18.6% inflationary increase is applied to the most recent sale price for 29 SWIFT CLOSE of £105,000 on 7th February 2018. For the value to have increased from £105,000 to £124,485 over the six years and eight months to June 2025, the following assumptions must hold true:

• The value of 29 SWIFT CLOSE has moved in line with the HPI for terraced houses in the Melton local authority area.
• The February 2018 sale price of £105,000 represented a fair market value for the property.
• The size, condition, and specification of 29 SWIFT CLOSE has not materially changed since February 2018.

How Large is 29 SWIFT CLOSE?

29 SWIFT CLOSE is 60m² according to the EPC inspection conducted in July 2017. 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 29 SWIFT CLOSE lies on this distribution: 3% of terraced houses houses are smaller than 29 SWIFT CLOSE, and 97% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

29 SWIFT CLOSE: Plot and Title Map

29 SWIFT CLOSE sits on a plot of roughly 0.034 of an acre, or 137m². The below map shows the location of 29 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 29 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 29 SWIFT CLOSE?

29 SWIFT CLOSE is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 29 on SWIFT CLOSE.