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

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). 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 14% 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. All of the three 11 LANCERS 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
2018 2 JUL	£360,000	£314,936	14% above HPI
2013 8 OCT	£250,000	£240,145	4% above HPI
2004 26 MAR	£249,999	£202,814	23% 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 was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the July 2018 sale, where it rises to 14% above the HPI. The line then continues to track at 14% above the HPI.

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 in Melton Mowbray, based on EPC data. The below chart shows the distribution of detached houses by size in Melton Mowbray, and where 11 LANCERS DRIVE lies on this distribution: 87% of detached 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 0.084 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.