4, BLACKSMITHS CLOSE, NETHER BROUGHTON, MELTON MOWBRAY, LE14 3EW - £175,000

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.

4 BLACKSMITHS CLOSE is a detached house, which could now be worth an estimated £725,043. It was last sold for £175,000 in November 1998, which was around 80% above the average November 1998 detached price in the Melton local authority area.

4 BLACKSMITHS CLOSE Sold Prices

Land registry data shows two sales for 4 BLACKSMITHS 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. One of the two 4 BLACKSMITHS CLOSE sales was for above the average price, whilst the other was 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
1998 16 NOV	£175,000	£97,159	80% above HPI
1995 29 SEP	£35,000	£80,042	56% below HPI

What might 4 BLACKSMITHS CLOSE be worth now?

4 BLACKSMITHS CLOSE might now be worth an estimated £725,043.

This is based on house price inflation of 314.3%, between November 1998 and May 2026, 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 314.3% inflationary increase is applied to the most recent sale price for 4 BLACKSMITHS CLOSE of £175,000 on 16th November 1998. For the value to have increased from £175,000 to £725,043 over the 28 years and six months to May 2026, the following assumptions must hold true:

• The value of 4 BLACKSMITHS CLOSE has moved in line with the HPI for detached houses in the Melton local authority area.
• The November 1998 sale price of £175,000 represented a fair market value for the property.
• The size, condition, and specification of 4 BLACKSMITHS CLOSE has not materially changed since November 1998.

Where is 4 BLACKSMITHS CLOSE?

4 BLACKSMITHS CLOSE is located in NETHER BROUGHTON, in the LE14 postcode district.