12, TWEED DRIVE, MELTON MOWBRAY, LE13 0UZ - £92,500

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 TWEED DRIVE is a large extended detached house of 127m², built sometime between 1967 and 1975. It was last sold for £92,500 in June 2006, which was around 60% below the average June 2006 detached price in the Melton local authority area. The most recent EPC inspection was July 2016, where the current energy rating was D, and the potential energy rating was B.

12 TWEED DRIVE Sold Prices

Land registry data shows two sales for 12 TWEED DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Melton local authority area for the corresponding sale date. Both of the two 12 TWEED 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
2006 23 JUN	£92,500	£230,352	60% below HPI
1999 22 OCT	£95,500	£102,786	7% below HPI

12 TWEED 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 two 12 TWEED DRIVE sales from October 1999 and June 2006 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 1999 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the June 2006 sale, where it falls to 60% below the HPI. The line then continues to track at 60% below the HPI.

How Large is 12 TWEED DRIVE?

12 TWEED DRIVE is 127m², which includes three extensions, according to the EPC inspection conducted in July 2016. This puts it in the largest 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 TWEED DRIVE lies on this distribution: 69% of detached houses are smaller than 12 TWEED DRIVE, and 30% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

12 TWEED DRIVE: Plot and Title Map

12 TWEED DRIVE sits on a plot of roughly 0.101 of an acre, or 409m². The below map shows the location of 12 TWEED 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 TWEED 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 TWEED DRIVE?

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