1, GARTHORPE DRIVE, MELTON MOWBRAY, LE13 1EX - £162,000

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 GARTHORPE DRIVE is a very small detached house of 79m², built sometime between 1967 and 1975, which could now be worth an estimated £243,843. It was last sold for £162,000 in August 2014, which was around 39% below the average August 2014 detached price in the Melton local authority area. The most recent EPC inspection was November 2018, where the current energy rating was D, and the potential energy rating was C.

1 GARTHORPE DRIVE Sold Prices

Land registry data shows four sales for 1 GARTHORPE DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Melton local authority area for the corresponding sale date. All of the four 1 GARTHORPE 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
2014 8 AUG	£162,000	£264,504	39% below HPI
2009 27 MAR	£155,000	£214,500	28% below HPI
1999 30 APR	£62,995	£96,585	35% below HPI
1997 9 MAY	£56,000	£87,726	36% below HPI

1 GARTHORPE 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 four 1 GARTHORPE DRIVE sales between May 1997 and August 2014 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 March 2009 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the August 2014 sale, where it falls to 39% below the HPI. The line then continues to track at 39% below the HPI.

What might 1 GARTHORPE DRIVE be worth now?

1 GARTHORPE DRIVE might now be worth an estimated £243,843.

This is based on house price inflation of 50.5%, between August 2014 and December 2024, 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 50.5% inflationary increase is applied to the most recent sale price for 1 GARTHORPE DRIVE of £162,000 on 8th August 2014. For the value to have increased from £162,000 to £243,843 over the nine years and eight months to December 2024, the following assumptions must hold true:

• The value of 1 GARTHORPE DRIVE has moved in line with the HPI for detached houses in the Melton local authority area.
• The August 2014 sale price of £162,000 represented a fair market value for the property.
• The size, condition, and specification of 1 GARTHORPE DRIVE has not materially changed since August 2014.

How Large is 1 GARTHORPE DRIVE?

1 GARTHORPE DRIVE is 79m² according to the EPC inspection conducted in November 2018. This puts it in the smallest 20% 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 GARTHORPE DRIVE lies on this distribution: 13% of detached houses houses are smaller than 1 GARTHORPE DRIVE, and 87% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

1 GARTHORPE DRIVE: Plot and Title Map

1 GARTHORPE DRIVE sits on a plot of roughly 0.072 of an acre, or 291m². The below map shows the location of 1 GARTHORPE 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 GARTHORPE 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 GARTHORPE DRIVE?

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