1, BANBURY DRIVE, MELTON MOWBRAY, LE13 0JR - £325,000

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.

1 BANBURY DRIVE is a small detached house of 85m², built sometime between 1983 and 1990, which could now be worth an estimated £356,942. It was last sold for £325,000 in May 2024, which was around 11% below the average May 2024 detached price in the Melton local authority area. The most recent EPC inspection was June 2023, where the current energy rating was C, and the potential energy rating was B.

1 BANBURY DRIVE Sold Prices

Land registry data shows five sales for 1 BANBURY DRIVE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Melton local authority area for the corresponding sale date. Most of the five 1 BANBURY 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
2024 8 MAY	£325,000	£363,815	11% below HPI
2013 27 SEP	£225,000	£241,283	7% below HPI
2008 12 DEC	£260,000	£232,641	12% above HPI
1999 1 OCT	£105,000	£106,610	2% below HPI
1995 10 MAR	£70,000	£76,507	9% below HPI

1 BANBURY 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 five 1 BANBURY DRIVE sales between March 1995 and May 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 September 2013 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the May 2024 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might 1 BANBURY DRIVE be worth now?

1 BANBURY DRIVE might now be worth an estimated £356,942.

This is based on house price inflation of 9.8%, between May 2024 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 9.8% inflationary increase is applied to the most recent sale price for 1 BANBURY DRIVE of £325,000 on 8th May 2024. For the value to have increased from £325,000 to £356,942 over the one year and three months to February 2025, the following assumptions must hold true:

• The value of 1 BANBURY DRIVE has moved in line with the HPI for detached houses in the Melton local authority area.
• The May 2024 sale price of £325,000 represented a fair market value for the property.
• The size, condition, and specification of 1 BANBURY DRIVE has not materially changed since May 2024.

How Large is 1 BANBURY DRIVE?

1 BANBURY DRIVE is 85m² according to the EPC inspection conducted in June 2023. This puts it in the smallest 30% 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 BANBURY DRIVE lies on this distribution: 20% of detached houses houses are smaller than 1 BANBURY DRIVE, and 78% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

1 BANBURY DRIVE: Plot and Title Map

1 BANBURY DRIVE sits on a plot of roughly 0.137 of an acre, or 554m². The below map shows the location of 1 BANBURY 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 BANBURY 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 BANBURY DRIVE?

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