5, SOAR CLOSE, MELTON MOWBRAY, LE13 0HD - £232,500

5 SOAR CLOSE is a very small extended detached house of 82m², built sometime between 1976 and 1982. It was last sold for £232,500 in February 2019, which was around 26% below the average February 2019 detached price in the Melton local authority area. The most recent EPC inspection was June 2009, where the current energy rating was D, and the potential energy rating was C.

5 SOAR CLOSE Sold Prices

Land registry data shows three sales for 5 SOAR 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 5 SOAR 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
2019 4 FEB	£232,500	£312,417	26% below HPI
2013 3 JAN	£151,000	£233,774	35% below HPI
2009 30 OCT	£175,000	£217,284	19% below HPI

5 SOAR 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 5 SOAR CLOSE sales between October 2009 and February 2019 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 January 2013 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the February 2019 sale, where it rises to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 5 SOAR CLOSE?

5 SOAR CLOSE is 82m², which includes one extension, according to the EPC inspection conducted in June 2009. This puts it in the smallest 20% 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 SOAR CLOSE lies on this distribution: 17% of detached houses are smaller than 5 SOAR CLOSE, and 83% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

5 SOAR CLOSE: Plot and Title Map

5 SOAR CLOSE sits on a plot of roughly 0.090 of an acre, or 366m². The below map shows the location of 5 SOAR 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 SOAR 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 SOAR CLOSE?

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