12, DERWENT DRIVE, MELTON MOWBRAY, LE13 0BS - £260,000

Based on the June 2024 Price Paid Data (released on 26 July 2024), the May 2024 House Price Index (released on 17 July 2024), and the June 2024 Energy Performance of Buildings Data (released on 25 July 2024). Sources

12 DERWENT DRIVE is a small detached house of 96m², built sometime between 1976 and 1982. It was last sold for £260,000 in February 2018, which was around 14% below the average February 2018 detached price in the Melton local authority area. The most recent EPC inspection was March 2014, where the current energy rating was D, and the potential energy rating was B.

12 DERWENT DRIVE Sold Prices

Land registry data shows two sales for 12 DERWENT 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 DERWENT 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
2018 26 FEB	£260,000	£302,652	14% below HPI
2013 19 APR	£170,000	£228,821	26% below HPI

12 DERWENT 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 DERWENT DRIVE sales from April 2013 and February 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 April 2013 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the February 2018 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

How Large is 12 DERWENT DRIVE?

12 DERWENT DRIVE is 96m² according to the EPC inspection conducted in March 2014. This puts it in the smallest 40% 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 12 DERWENT DRIVE lies on this distribution: 36% of detached houses are smaller than 12 DERWENT DRIVE, and 63% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

12 DERWENT DRIVE: Plot and Title Map

12 DERWENT DRIVE sits on a plot of roughly 0.114 of an acre, or 463m². The below map shows the location of 12 DERWENT 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 DERWENT 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 DERWENT DRIVE?

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