10, CEDAR DRIVE, MELTON MOWBRAY, LE13 0PA - £270,000

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

10 CEDAR DRIVE is a midsized extended detached house of 117m², built sometime between 1991 and 1995, which could now be worth an estimated £303,202. It was last sold for £270,000 in June 2021, which was around 24% below the average June 2021 detached price in the Melton local authority area. The most recent EPC inspection was January 2021, where the current energy rating was D, and the potential energy rating was B.

10 CEDAR DRIVE Sold Prices

Land registry data shows two sales for 10 CEDAR 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 10 CEDAR 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
2021 18 JUN	£270,000	£354,535	24% below HPI
1997 3 DEC	£75,000	£98,048	24% below HPI

10 CEDAR 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 10 CEDAR DRIVE sales from December 1997 and June 2021 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 December 1997 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the June 2021 sale, which was also at 24% below the HPI.

What might 10 CEDAR DRIVE be worth now?

10 CEDAR DRIVE might now be worth an estimated £303,202.

This is based on house price inflation of 12.3%, between June 2021 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 12.3% inflationary increase is applied to the most recent sale price for 10 CEDAR DRIVE of £270,000 on 18th June 2021. For the value to have increased from £270,000 to £303,202 over the two years and six months to December 2024, the following assumptions must hold true:

• The value of 10 CEDAR DRIVE has moved in line with the HPI for detached houses in the Melton local authority area.
• The June 2021 sale price of £270,000 represented a fair market value for the property.
• The size, condition, and specification of 10 CEDAR DRIVE has not materially changed since June 2021.

How Large is 10 CEDAR DRIVE?

10 CEDAR DRIVE is 117m², which includes one extension, according to the EPC inspection conducted in January 2021. This puts it in the largest 40% 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 10 CEDAR DRIVE lies on this distribution: 60% of detached houses houses are smaller than 10 CEDAR DRIVE, and 40% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

10 CEDAR DRIVE: Plot and Title Map

10 CEDAR DRIVE sits on a plot of roughly 0.087 of an acre, or 351m². The below map shows the location of 10 CEDAR 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 10 CEDAR 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 10 CEDAR DRIVE?

10 CEDAR DRIVE is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 10 on CEDAR DRIVE.