1, TEASEL DRIVE, MELTON MOWBRAY, LE13 0FS - £295,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 TEASEL DRIVE is a very large detached house of 154m², built sometime between 1996 and 2002. It was last sold for £295,000 in November 2014, which was around 15% above the average November 2014 detached price in the Melton local authority area. The most recent EPC inspection was September 2011, where the current energy rating was C, and the potential energy rating was C.

1 TEASEL DRIVE Sold Prices

Land registry data shows two sales for 1 TEASEL 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 TEASEL DRIVE sales were for above 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 21 NOV	£295,000	£257,620	15% above HPI
2002 25 JUN	£199,950	£153,574	30% above HPI

1 TEASEL 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 TEASEL DRIVE sales from June 2002 and November 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 June 2002 sale was for 30% above the HPI. So the extrapolation line tracks at 30% above the HPI over time, until the November 2014 sale, where it falls to 15% above the HPI. The line then continues to track at 15% above the HPI.

How Large is 1 TEASEL DRIVE?

1 TEASEL DRIVE is 154m² according to the EPC inspection conducted in September 2011. This puts it in the largest 20% 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 TEASEL DRIVE lies on this distribution: 86% of detached houses are smaller than 1 TEASEL DRIVE, and 14% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

1 TEASEL DRIVE: Plot and Title Map

1 TEASEL DRIVE sits on a plot of roughly 0.132 of an acre, or 536m². The below map shows the location of 1 TEASEL 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 TEASEL 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 TEASEL DRIVE?

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