12, OXFORD DRIVE, MELTON MOWBRAY, LE13 0AL - £349,950

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 OXFORD DRIVE is a midsized extended detached house of 114m², built sometime between 1950 and 1966. It was last sold for £349,950 in August 2018, which was around 5% above the average August 2018 detached price in the Melton local authority area. The most recent EPC inspection was October 2017, where the current energy rating was C, and the potential energy rating was B.

12 OXFORD DRIVE Sold Prices

Land registry data shows three sales for 12 OXFORD 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. One of the three 12 OXFORD DRIVE sales was for above the average price, whilst two 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 14 AUG	£349,950	£332,283	5% above HPI
2015 14 DEC	£200,000	£276,621	28% below HPI
2007 25 JUL	£178,000	£262,360	32% below HPI

12 OXFORD 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 OXFORD DRIVE sales between July 2007 and August 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 December 2015 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the August 2018 sale, where it rises to 5% above the HPI. The line then continues to track at 5% above the HPI.

What might 12 OXFORD DRIVE be worth now?

12 OXFORD DRIVE might now be worth an estimated £419,300.

This is based on house price inflation of 19.8%, between August 2018 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 19.8% inflationary increase is applied to the most recent sale price for 12 OXFORD DRIVE of £349,950 on 14th August 2018. For the value to have increased from £349,950 to £419,300 over the five years and eight months to December 2024, the following assumptions must hold true:

• The value of 12 OXFORD DRIVE has moved in line with the HPI for detached houses in the Melton local authority area.
• The August 2018 sale price of £349,950 represented a fair market value for the property.
• The size, condition, and specification of 12 OXFORD DRIVE has not materially changed since August 2018.

How Large is 12 OXFORD DRIVE?

12 OXFORD DRIVE is 114m², which includes one extension, according to the EPC inspection conducted in October 2017. This puts it in the largest 50% 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 OXFORD DRIVE lies on this distribution: 56% of detached houses houses are smaller than 12 OXFORD DRIVE, and 43% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

12 OXFORD DRIVE: Plot and Title Map

12 OXFORD DRIVE sits on a plot of roughly 0.119 of an acre, or 481m². The below map shows the location of 12 OXFORD 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 OXFORD 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 OXFORD DRIVE?

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