1, AUSTEN DRIVE, MELTON MOWBRAY, LE13 0PS - £290,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

1 AUSTEN DRIVE is a small detached house of 98m², which could now be worth an estimated £316,527. It was last sold for £290,000 in June 2022, which was around 21% below the average June 2022 detached price in the Melton local authority area. The most recent EPC inspection was October 2019, where the current energy rating was B, and the potential energy rating was A.

1 AUSTEN DRIVE Sold Prices

Land registry data shows two sales for 1 AUSTEN DRIVE 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 1 AUSTEN DRIVE 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
2022 9 JUN	£290,000	£366,085	21% below HPI
2019 25 OCT	£259,995	£325,057	20% below HPI

1 AUSTEN DRIVE 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 1 AUSTEN DRIVE sales from October 2019 and June 2022 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 2019 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the June 2022 sale, where it falls to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might 1 AUSTEN DRIVE be worth now?

1 AUSTEN DRIVE might now be worth an estimated £316,527.

This is based on house price inflation of 9.1%, between June 2022 and February 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 9.1% inflationary increase is applied to the most recent sale price for 1 AUSTEN DRIVE of £290,000 on 9th June 2022. For the value to have increased from £290,000 to £316,527 over the three years and four months to February 2025, the following assumptions must hold true:

• The value of 1 AUSTEN DRIVE has moved in line with the HPI for detached houses in the Melton local authority area.
• The June 2022 sale price of £290,000 represented a fair market value for the property.
• The size, condition, and specification of 1 AUSTEN DRIVE has not materially changed since June 2022.

How Large is 1 AUSTEN DRIVE?

1 AUSTEN DRIVE is 98m² according to the EPC inspection conducted in October 2019. This puts it in the smallest 40% of detached houses houses in Melton Mowbray, based on EPC data. The below chart shows the distribution of detached houses houses by size in Melton Mowbray, and where 1 AUSTEN DRIVE lies on this distribution: 39% of detached houses houses are smaller than 1 AUSTEN DRIVE, and 61% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

1 AUSTEN DRIVE: Plot and Title Map

1 AUSTEN DRIVE sits on a plot of roughly 0.059 of an acre, or 239m². The below map shows the location of 1 AUSTEN DRIVE, 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 1 AUSTEN DRIVE). 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 1 AUSTEN DRIVE?

1 AUSTEN DRIVE is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 1 on AUSTEN DRIVE.