14, CHALMONDLEY DRIVE, MELTON MOWBRAY, LE13 1PN - £235,000

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

14 CHALMONDLEY DRIVE is a very small detached house of 66m², built sometime between 1983 and 1990, which could now be worth an estimated £256,901. It was last sold for £235,000 in October 2021, which was around 35% below the average October 2021 detached price in the Melton local authority area. The most recent EPC inspection was June 2017, where the current energy rating was D, and the potential energy rating was B.

14 CHALMONDLEY DRIVE Sold Prices

Land registry data shows three sales for 14 CHALMONDLEY 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. All of the three 14 CHALMONDLEY 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
2021 8 OCT	£235,000	£364,191	35% below HPI
2018 8 MAR	£198,000	£313,533	37% below HPI
2006 23 NOV	£162,000	£241,373	33% below HPI

14 CHALMONDLEY 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 14 CHALMONDLEY DRIVE sales between November 2006 and October 2021 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 March 2018 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the October 2021 sale, where it rises to 35% below the HPI. The line then continues to track at 35% below the HPI.

What might 14 CHALMONDLEY DRIVE be worth now?

14 CHALMONDLEY DRIVE might now be worth an estimated £256,901.

This is based on house price inflation of 9.3%, between October 2021 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 9.3% inflationary increase is applied to the most recent sale price for 14 CHALMONDLEY DRIVE of £235,000 on 8th October 2021. For the value to have increased from £235,000 to £256,901 over the two years and ten months to December 2024, the following assumptions must hold true:

• The value of 14 CHALMONDLEY DRIVE has moved in line with the HPI for detached houses in the Melton local authority area.
• The October 2021 sale price of £235,000 represented a fair market value for the property.
• The size, condition, and specification of 14 CHALMONDLEY DRIVE has not materially changed since October 2021.

How Large is 14 CHALMONDLEY DRIVE?

14 CHALMONDLEY DRIVE is 66m² according to the EPC inspection conducted in June 2017. This puts it in the smallest 10% 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 14 CHALMONDLEY DRIVE lies on this distribution: 5% of detached houses houses are smaller than 14 CHALMONDLEY DRIVE, and 95% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

14 CHALMONDLEY DRIVE: Plot and Title Map

14 CHALMONDLEY DRIVE sits on a plot of roughly 0.070 of an acre, or 284m². The below map shows the location of 14 CHALMONDLEY 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 14 CHALMONDLEY 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 14 CHALMONDLEY DRIVE?

14 CHALMONDLEY DRIVE is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 14 on CHALMONDLEY DRIVE.