5, RIVER CLOSE, ASFORDBY, MELTON MOWBRAY, LE14 3BT - £290,000

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.

5 RIVER CLOSE is a midsized detached house of 91m², built in 2021, which could now be worth an estimated £298,111. It was last sold for £290,000 in February 2024, which was around 19% below the average February 2024 detached price in the Melton local authority area. The most recent EPC inspection was August 2021, where the current energy rating was B, and the potential energy rating was A.

5 RIVER CLOSE Sold Prices

Land registry data shows two sales for 5 RIVER CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Melton local authority area for the corresponding sale date. Both of the two 5 RIVER 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
2024 13 FEB	£290,000	£359,676	19% below HPI
2021 27 AUG	£284,950	£353,163	19% below HPI

5 RIVER 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 two 5 RIVER CLOSE sales from August 2021 and February 2024 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 August 2021 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the February 2024 sale, which was also at 19% below the HPI.

What might 5 RIVER CLOSE be worth now?

5 RIVER CLOSE might now be worth an estimated £298,111.

This is based on house price inflation of 2.8%, between February 2024 and June 2025, for 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 2.8% inflationary increase is applied to the most recent sale price for 5 RIVER CLOSE of £290,000 on 13th February 2024. For the value to have increased from £290,000 to £298,111 over the eight months to June 2025, the following assumptions must hold true:

• The value of 5 RIVER CLOSE has moved in line with the HPI for detached houses in the Melton local authority area.
• The February 2024 sale price of £290,000 represented a fair market value for the property.
• The size, condition, and specification of 5 RIVER CLOSE has not materially changed since February 2024.

How Large is 5 RIVER CLOSE?

5 RIVER CLOSE is 91m² according to the EPC inspection conducted in August 2021. This puts it in the smallest 50% of detached houses houses in Asfordby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Asfordby, and where 5 RIVER CLOSE lies on this distribution: 43% of detached houses houses are smaller than 5 RIVER CLOSE, and 54% of houses are larger. Note that EPC data is not available for all properties in Asfordby.

5 RIVER CLOSE: Plot and Title Map

5 RIVER CLOSE sits on a plot of roughly 0.068 of an acre, or 274m². The below map shows the location of 5 RIVER 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 RIVER 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 RIVER CLOSE?

5 RIVER CLOSE is located in ASFORDBY, in the LE14 postcode district. The below map shows the position of No. 5 on RIVER CLOSE.