12, MELBOURNE DRIVE, MELTON MOWBRAY, LE13 0JA - £276,000

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 MELBOURNE DRIVE is a very small extended semi-detached house of 83m², built sometime between 1930 and 1949, which could now be worth an estimated £278,543. It was last sold for £276,000 in September 2022, which was around 14% above the average September 2022 semi-detached price in the Melton local authority area. The most recent EPC inspection was July 2020, where the current energy rating was D, and the potential energy rating was B.

12 MELBOURNE DRIVE Sold Prices

Land registry data shows four sales for 12 MELBOURNE DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Melton local authority area for the corresponding sale date. Most of the four 12 MELBOURNE 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 SEP	£276,000	£242,689	14% above HPI
2020 23 OCT	£200,000	£212,821	6% below HPI
2014 11 JUL	£152,000	£157,799	4% below HPI
2000 7 JAN	£60,000	£64,882	8% below HPI

12 MELBOURNE DRIVE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Melton local authority area over time, sourced from the HPI. The four 12 MELBOURNE DRIVE sales between January 2000 and September 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 October 2020 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the September 2022 sale, where it rises to 14% above the HPI. The line then continues to track at 14% above the HPI.

What might 12 MELBOURNE DRIVE be worth now?

12 MELBOURNE DRIVE might now be worth an estimated £278,543.

This is based on house price inflation of 0.9%, between September 2022 and December 2024, for semi-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 0.9% inflationary increase is applied to the most recent sale price for 12 MELBOURNE DRIVE of £276,000 on 27th September 2022. For the value to have increased from £276,000 to £278,543 over the one year and nine months to December 2024, the following assumptions must hold true:

• The value of 12 MELBOURNE DRIVE has moved in line with the HPI for semi-detached houses in the Melton local authority area.
• The September 2022 sale price of £276,000 represented a fair market value for the property.
• The size, condition, and specification of 12 MELBOURNE DRIVE has not materially changed since September 2022.

How Large is 12 MELBOURNE DRIVE?

12 MELBOURNE DRIVE is 83m², which includes three extensions, according to the EPC inspection conducted in July 2020. This puts it in the smallest 20% of semi-detached houses houses in Melton Mowbray, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Melton Mowbray, and where 12 MELBOURNE DRIVE lies on this distribution: 17% of semi-detached houses houses are smaller than 12 MELBOURNE DRIVE, and 81% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

12 MELBOURNE DRIVE: Plot and Title Map

12 MELBOURNE DRIVE sits on a plot of roughly 0.108 of an acre, or 437m². The below map shows the location of 12 MELBOURNE 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 MELBOURNE 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 MELBOURNE DRIVE?

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