1, NORFOLK DRIVE, MELTON MOWBRAY, LE13 0AJ - £332,500

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

1 NORFOLK DRIVE is a very large extended detached house of 188m², built sometime between 1950 and 1966. It was last sold for £332,500 in July 2014, which was around 33% above the average July 2014 detached price in the Melton local authority area. The most recent EPC inspection was April 2014, where the current energy rating was C, and the potential energy rating was B.

1 NORFOLK DRIVE Sold Prices

Land registry data shows two sales for 1 NORFOLK 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. One of the two 1 NORFOLK DRIVE 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
2014 10 JUL	£332,500	£249,270	33% above HPI
2007 31 AUG	£240,000	£263,822	9% below HPI

1 NORFOLK 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 NORFOLK DRIVE sales from August 2007 and July 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 August 2007 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the July 2014 sale, where it rises to 33% above the HPI. The line then continues to track at 33% above the HPI.

How Large is 1 NORFOLK DRIVE?

1 NORFOLK DRIVE is 188m², which includes three extensions, according to the EPC inspection conducted in April 2014. This puts it in the largest 10% 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 1 NORFOLK DRIVE lies on this distribution: 95% of detached houses are smaller than 1 NORFOLK DRIVE, and 5% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

1 NORFOLK DRIVE: Plot and Title Map

1 NORFOLK DRIVE sits on a plot of roughly 0.183 of an acre, or 741m². The below map shows the location of 1 NORFOLK 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 NORFOLK 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 NORFOLK DRIVE?

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