10, OXFORD DRIVE, MELTON MOWBRAY, LE13 0AL - £310,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

10 OXFORD DRIVE is a very large extended detached house of 153m², built sometime between 1950 and 1966, which could now be worth an estimated £433,888. It was last sold for £310,000 in May 2016, which was around 9% above the average May 2016 detached price in the Melton local authority area. The most recent EPC inspection was January 2013, where the current energy rating was C, and the potential energy rating was C.

10 OXFORD DRIVE Sold Prices

Land registry data shows four sales for 10 OXFORD 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. two of the four 10 OXFORD DRIVE sales were for above the average price, and four 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
2016 20 MAY	£310,000	£285,482	9% above HPI
2004 22 OCT	£222,500	£235,579	6% below HPI
2000 6 JUL	£129,500	£118,468	9% above HPI
1997 13 OCT	£64,500	£89,651	28% below HPI

10 OXFORD 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 10 OXFORD DRIVE sales between October 1997 and May 2016 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 October 2004 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the May 2016 sale, where it rises to 9% above the HPI. The line then continues to track at 9% above the HPI.

What might 10 OXFORD DRIVE be worth now?

10 OXFORD DRIVE might now be worth an estimated £433,888.

This is based on house price inflation of 40%, between May 2016 and February 2025, 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 40% inflationary increase is applied to the most recent sale price for 10 OXFORD DRIVE of £310,000 on 20th May 2016. For the value to have increased from £310,000 to £433,888 over the nine years and three months to February 2025, the following assumptions must hold true:

• The value of 10 OXFORD DRIVE has moved in line with the HPI for detached houses in the Melton local authority area.
• The May 2016 sale price of £310,000 represented a fair market value for the property.
• The size, condition, and specification of 10 OXFORD DRIVE has not materially changed since May 2016.

How Large is 10 OXFORD DRIVE?

10 OXFORD DRIVE is 153m², which includes two extensions, according to the EPC inspection conducted in January 2013. This puts it in the largest 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 10 OXFORD DRIVE lies on this distribution: 86% of detached houses houses are smaller than 10 OXFORD DRIVE, and 14% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

10 OXFORD DRIVE: Plot and Title Map

10 OXFORD DRIVE sits on a plot of roughly 0.099 of an acre, or 400m². The below map shows the location of 10 OXFORD 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 OXFORD 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 OXFORD DRIVE?

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