14, DERWENT DRIVE, MELTON MOWBRAY, LE13 0BS - £219,950

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

14 DERWENT DRIVE is a small detached house of 91m², built sometime between 1950 and 1966, which could now be worth an estimated £317,116. It was last sold for £219,950 in July 2015, which was around 20% below the average July 2015 detached price in the Melton local authority area. The most recent EPC inspection was September 2015, where the current energy rating was D, and the potential energy rating was B.

14 DERWENT DRIVE Sold Prices

Land registry data shows four sales for 14 DERWENT 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 14 DERWENT 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
2015 10 JUL	£219,950	£276,142	20% below HPI
2007 23 MAR	£185,000	£259,701	29% below HPI
2002 15 JUL	£137,000	£162,084	15% below HPI
1995 3 JUL	£67,500	£82,893	19% below HPI

14 DERWENT 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 14 DERWENT DRIVE sales between July 1995 and July 2015 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 2007 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the July 2015 sale, where it rises to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might 14 DERWENT DRIVE be worth now?

14 DERWENT DRIVE might now be worth an estimated £317,116.

This is based on house price inflation of 44.2%, between July 2015 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 44.2% inflationary increase is applied to the most recent sale price for 14 DERWENT DRIVE of £219,950 on 10th July 2015. For the value to have increased from £219,950 to £317,116 over the eight years and seven months to December 2024, the following assumptions must hold true:

• The value of 14 DERWENT DRIVE has moved in line with the HPI for detached houses in the Melton local authority area.
• The July 2015 sale price of £219,950 represented a fair market value for the property.
• The size, condition, and specification of 14 DERWENT DRIVE has not materially changed since July 2015.

How Large is 14 DERWENT DRIVE?

14 DERWENT DRIVE is 91m² according to the EPC inspection conducted in September 2015. 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 14 DERWENT DRIVE lies on this distribution: 30% of detached houses houses are smaller than 14 DERWENT DRIVE, and 68% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

14 DERWENT DRIVE: Plot and Title Map

14 DERWENT DRIVE sits on a plot of roughly 0.103 of an acre, or 416m². The below map shows the location of 14 DERWENT 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 DERWENT 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 DERWENT DRIVE?

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