12, KIPLING DRIVE, MELTON MOWBRAY, LE13 1LW - £265,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

12 KIPLING DRIVE is a very small detached house of 75m², built sometime between 1983 and 1990. It was last sold for £265,000 in January 2022, which was around 24% below the average January 2022 detached price in the Melton local authority area. The most recent EPC inspection was September 2016, where the current energy rating was D, and the potential energy rating was B.

12 KIPLING DRIVE Sold Prices

Land registry data shows three sales for 12 KIPLING 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 12 KIPLING 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
2022 27 JAN	£265,000	£348,643	24% below HPI
2017 4 SEP	£210,000	£300,790	30% below HPI
2007 25 JUN	£162,750	£246,992	34% below HPI

12 KIPLING 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 12 KIPLING DRIVE sales between June 2007 and January 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 September 2017 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the January 2022 sale, where it rises to 24% below the HPI. The line then continues to track at 24% below the HPI.

How Large is 12 KIPLING DRIVE?

12 KIPLING DRIVE is 75m² according to the EPC inspection conducted in September 2016. This puts it in the smallest 10% 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 KIPLING DRIVE lies on this distribution: 10% of detached houses are smaller than 12 KIPLING DRIVE, and 90% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

12 KIPLING DRIVE: Plot and Title Map

12 KIPLING DRIVE sits on a plot of roughly 0.068 of an acre, or 276m². The below map shows the location of 12 KIPLING 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 KIPLING 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 KIPLING DRIVE?

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