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

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 TORRANCE DRIVE is a small extended detached house of 98m², built sometime between 1991 and 1995. It was last sold for £270,000 in July 2020, which was around 15% 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	£317,832	15% below HPI
2009 16 APR	£175,000	£207,180	16% below HPI
1999 5 FEB	£79,950	£90,567	12% below HPI
1995 21 JUL	£65,750	£79,920	18% 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 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the July 2020 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

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 in Melton Mowbray, based on EPC data. The below chart shows the distribution of detached houses by size in Melton Mowbray, and where 12 TORRANCE DRIVE lies on this distribution: 38% of detached 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.