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

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 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 29% 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	£258,545	29% above HPI
2007 31 AUG	£240,000	£273,638	12% 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 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the July 2014 sale, where it rises to 29% above the HPI. The line then continues to track at 29% above the HPI.

What might 1 NORFOLK DRIVE be worth now?

1 NORFOLK DRIVE might now be worth an estimated £512,015.

This is based on house price inflation of 54%, between July 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 54% inflationary increase is applied to the most recent sale price for 1 NORFOLK DRIVE of £332,500 on 10th July 2014. For the value to have increased from £332,500 to £512,015 over the nine years and seven months to December 2024, the following assumptions must hold true:

• The value of 1 NORFOLK DRIVE has moved in line with the HPI for detached houses in the Melton local authority area.
• The July 2014 sale price of £332,500 represented a fair market value for the property.
• The size, condition, and specification of 1 NORFOLK DRIVE has not materially changed since July 2014.

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 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 NORFOLK DRIVE lies on this distribution: 95% of detached houses 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.