11, LANCERS DRIVE, MELTON MOWBRAY, LE13 0SY - £360,000

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

11 LANCERS DRIVE is a very large detached house of 158m², built sometime between 2003 and 2006. It was last sold for £360,000 in July 2018, which was around 10% above the average July 2018 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.

11 LANCERS DRIVE Sold Prices

Land registry data shows three sales for 11 LANCERS DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Melton local authority area for the corresponding sale date. The three 11 LANCERS DRIVE sales were a mix of above the average price, and roughly equal to 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
2018 2 JUL	£360,000	£326,654	10% above HPI
2013 8 OCT	£250,000	£249,081	Close to HPI
2004 26 MAR	£249,999	£210,360	19% above HPI

11 LANCERS 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 three 11 LANCERS DRIVE sales between March 2004 and July 2018 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 2013 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the July 2018 sale, where it rises to 10% above the HPI. The line then continues to track at 10% above the HPI.

What might 11 LANCERS DRIVE be worth now?

11 LANCERS DRIVE might now be worth an estimated £438,775.

This is based on house price inflation of 21.9%, between July 2018 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 21.9% inflationary increase is applied to the most recent sale price for 11 LANCERS DRIVE of £360,000 on 2nd July 2018. For the value to have increased from £360,000 to £438,775 over the five years and seven months to December 2024, the following assumptions must hold true:

• The value of 11 LANCERS DRIVE has moved in line with the HPI for detached houses in the Melton local authority area.
• The July 2018 sale price of £360,000 represented a fair market value for the property.
• The size, condition, and specification of 11 LANCERS DRIVE has not materially changed since July 2018.

How Large is 11 LANCERS DRIVE?

11 LANCERS DRIVE is 158m² 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 11 LANCERS DRIVE lies on this distribution: 88% of detached houses houses are smaller than 11 LANCERS DRIVE, and 12% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

11 LANCERS DRIVE: Plot and Title Map

11 LANCERS DRIVE sits on a plot of roughly 0.085 of an acre, or 342m². The below map shows the location of 11 LANCERS 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 11 LANCERS 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 11 LANCERS DRIVE?

11 LANCERS DRIVE is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 11 on LANCERS DRIVE.