3, MILTON CLOSE, MELTON MOWBRAY, LE13 1LP - £258,000

3 MILTON CLOSE is a small extended detached house of 99m², built sometime between 1983 and 1990. It was last sold for £258,000 in May 2020, which was around 15% below the average May 2020 detached price in the Melton local authority area. The most recent EPC inspection was June 2018, where the current energy rating was D, and the potential energy rating was C.

3 MILTON CLOSE Sold Prices

Land registry data shows three sales for 3 MILTON CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Melton local authority area for the corresponding sale date. All of the three 3 MILTON 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
2020 29 MAY	£258,000	£301,871	15% below HPI
2019 11 OCT	£240,000	£313,396	23% below HPI
2002 31 JUL	£145,000	£156,269	7% below HPI

3 MILTON 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 three 3 MILTON CLOSE sales between July 2002 and May 2020 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 October 2019 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the May 2020 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is 3 MILTON CLOSE?

3 MILTON CLOSE is 99m², which includes one extension, according to the EPC inspection conducted in June 2018. This puts it in the smallest 40% 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 3 MILTON CLOSE lies on this distribution: 39% of detached houses are smaller than 3 MILTON CLOSE, and 60% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

3 MILTON CLOSE: Plot and Title Map

3 MILTON CLOSE sits on a plot of roughly 0.078 of an acre, or 315m². The below map shows the location of 3 MILTON 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 3 MILTON 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 3 MILTON CLOSE?

3 MILTON CLOSE is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 3 on MILTON CLOSE.