12, AUSTEN DRIVE, MELTON MOWBRAY, LE13 0PS - £470,000

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

12 AUSTEN DRIVE is a very large detached house of 162m², which could now be worth an estimated £475,508. It was last sold for £470,000 in October 2022, which was around 19% above the average October 2022 detached price in the Melton local authority area. The most recent EPC inspection was February 2020, where the current energy rating was B, and the potential energy rating was A.

12 AUSTEN DRIVE Sold Prices

Land registry data shows two sales for 12 AUSTEN 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 12 AUSTEN 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
2022 25 OCT	£470,000	£393,520	19% above HPI
2020 26 JUN	£430,675	£313,379	37% above HPI

12 AUSTEN 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 12 AUSTEN DRIVE sales from June 2020 and October 2022 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 2020 sale was for 37% above the HPI. So the extrapolation line tracks at 37% above the HPI over time, until the October 2022 sale, where it falls to 19% above the HPI. The line then continues to track at 19% above the HPI.

What might 12 AUSTEN DRIVE be worth now?

12 AUSTEN DRIVE might now be worth an estimated £475,508.

This is based on house price inflation of 1.2%, between October 2022 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 1.2% inflationary increase is applied to the most recent sale price for 12 AUSTEN DRIVE of £470,000 on 25th October 2022. For the value to have increased from £470,000 to £475,508 over the one year and ten months to December 2024, the following assumptions must hold true:

• The value of 12 AUSTEN DRIVE has moved in line with the HPI for detached houses in the Melton local authority area.
• The October 2022 sale price of £470,000 represented a fair market value for the property.
• The size, condition, and specification of 12 AUSTEN DRIVE has not materially changed since October 2022.

How Large is 12 AUSTEN DRIVE?

12 AUSTEN DRIVE is 162m² according to the EPC inspection conducted in February 2020. 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 12 AUSTEN DRIVE lies on this distribution: 89% of detached houses houses are smaller than 12 AUSTEN DRIVE, and 11% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

12 AUSTEN DRIVE: Plot and Title Map

12 AUSTEN DRIVE sits on a plot of roughly 0.102 of an acre, or 414m². The below map shows the location of 12 AUSTEN 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 12 AUSTEN 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 12 AUSTEN DRIVE?

12 AUSTEN DRIVE is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 12 on AUSTEN DRIVE.