5, FOREST CLOSE, MELTON MOWBRAY, LE13 1ST - £255,000

5 FOREST CLOSE is a small detached house of 99m², built sometime between 1967 and 1975. It was last sold for £255,000 in March 2021, which was around 22% below the average March 2021 detached price in the Melton local authority area. The most recent EPC inspection was July 2020, where the current energy rating was B, and the potential energy rating was B.

5 FOREST CLOSE Sold Prices

Land registry data shows four sales for 5 FOREST 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 5 FOREST 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
2021 18 MAR	£255,000	£328,652	22% below HPI
2003 19 NOV	£173,950	£198,176	12% below HPI
2001 10 AUG	£110,500	£126,082	12% below HPI
1998 30 MAR	£76,000	£96,780	21% below HPI

5 FOREST 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 5 FOREST CLOSE sales between March 1998 and March 2021 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 November 2003 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the March 2021 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is 5 FOREST CLOSE?

5 FOREST CLOSE is 99m² according to the EPC inspection conducted in July 2020. 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 5 FOREST CLOSE lies on this distribution: 39% of detached houses are smaller than 5 FOREST CLOSE, and 60% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

5 FOREST CLOSE: Plot and Title Map

5 FOREST CLOSE sits on a plot of roughly 0.074 of an acre, or 298m². The below map shows the location of 5 FOREST 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 5 FOREST 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 5 FOREST CLOSE?

5 FOREST CLOSE is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 5 on FOREST CLOSE.