4, FIELD CLOSE, MELTON MOWBRAY, LE13 1DS - £148,500

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.

4 FIELD CLOSE is a very small semi-detached house of 74m², built sometime between 1950 and 1966, which could now be worth an estimated £225,111. It was last sold for £148,500 in December 2014, which was around 8% below the average December 2014 semi-detached price in the Melton local authority area. The most recent EPC inspection was August 2014, where the current energy rating was C, and the potential energy rating was B.

4 FIELD CLOSE Sold Prices

Land registry data shows three sales for 4 FIELD CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Melton local authority area for the corresponding sale date. All of the three 4 FIELD 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
2014 12 DEC	£148,500	£161,784	8% below HPI
2010 29 OCT	£120,000	£142,555	16% below HPI
2010 7 JAN	£120,000	£140,665	15% below HPI

4 FIELD CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Melton local authority area over time, sourced from the HPI. The three 4 FIELD CLOSE sales between January 2010 and December 2014 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 2010 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the December 2014 sale, where it rises to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might 4 FIELD CLOSE be worth now?

4 FIELD CLOSE might now be worth an estimated £225,111.

This is based on house price inflation of 51.6%, between December 2014 and February 2025, for semi-detached 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 51.6% inflationary increase is applied to the most recent sale price for 4 FIELD CLOSE of £148,500 on 12th December 2014. For the value to have increased from £148,500 to £225,111 over the eleven years and ten months to February 2025, the following assumptions must hold true:

• The value of 4 FIELD CLOSE has moved in line with the HPI for semi-detached houses in the Melton local authority area.
• The December 2014 sale price of £148,500 represented a fair market value for the property.
• The size, condition, and specification of 4 FIELD CLOSE has not materially changed since December 2014.

How Large is 4 FIELD CLOSE?

4 FIELD CLOSE is 74m² according to the EPC inspection conducted in August 2014. This puts it in the smallest 10% of semi-detached houses houses in Melton Mowbray, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Melton Mowbray, and where 4 FIELD CLOSE lies on this distribution: 9% of semi-detached houses houses are smaller than 4 FIELD CLOSE, and 91% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

4 FIELD CLOSE: Plot and Title Map

4 FIELD CLOSE sits on a plot of roughly 0.063 of an acre, or 255m². The below map shows the location of 4 FIELD 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 4 FIELD 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 4 FIELD CLOSE?

4 FIELD CLOSE is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 4 on FIELD CLOSE.