12, TORRANCE DRIVE, MELTON MOWBRAY, LE13 1HR - £270,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

12 TORRANCE DRIVE is a small extended detached house of 98m², built sometime between 1991 and 1995, which could now be worth an estimated £320,162. It was last sold for £270,000 in July 2020, which was around 18% below the average July 2020 detached price in the Melton local authority area. The most recent EPC inspection was June 2020, where the current energy rating was D, and the potential energy rating was C.

12 TORRANCE DRIVE Sold Prices

Land registry data shows four sales for 12 TORRANCE DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Melton local authority area for the corresponding sale date. All of the four 12 TORRANCE 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
2020 9 JUL	£270,000	£329,658	18% below HPI
2009 16 APR	£175,000	£214,888	19% below HPI
1999 5 FEB	£79,950	£93,936	15% below HPI
1995 21 JUL	£65,750	£82,893	21% below HPI

12 TORRANCE 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 four 12 TORRANCE DRIVE sales between July 1995 and July 2020 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 2009 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the July 2020 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might 12 TORRANCE DRIVE be worth now?

12 TORRANCE DRIVE might now be worth an estimated £320,162.

This is based on house price inflation of 18.6%, between July 2020 and March 2025, 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 18.6% inflationary increase is applied to the most recent sale price for 12 TORRANCE DRIVE of £270,000 on 9th July 2020. For the value to have increased from £270,000 to £320,162 over the five years and four months to March 2025, the following assumptions must hold true:

• The value of 12 TORRANCE DRIVE has moved in line with the HPI for detached houses in the Melton local authority area.
• The July 2020 sale price of £270,000 represented a fair market value for the property.
• The size, condition, and specification of 12 TORRANCE DRIVE has not materially changed since July 2020.

How Large is 12 TORRANCE DRIVE?

12 TORRANCE DRIVE is 98m², which includes two extensions, according to the EPC inspection conducted in June 2020. This puts it in the smallest 40% 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 TORRANCE DRIVE lies on this distribution: 38% of detached houses houses are smaller than 12 TORRANCE DRIVE, and 61% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

12 TORRANCE DRIVE: Plot and Title Map

12 TORRANCE DRIVE sits on a plot of roughly 0.064 of an acre, or 259m². The below map shows the location of 12 TORRANCE 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 TORRANCE 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 TORRANCE DRIVE?

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