14, FALDO DRIVE, MELTON MOWBRAY, LE13 1RH - £285,000

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

14 FALDO DRIVE is a very large extended detached house of 143m², built sometime between 1996 and 2002. It was last sold for £285,000 in March 2023, which was around 23% below the average March 2023 detached price in the Melton local authority area. The most recent EPC inspection was January 2023, where the current energy rating was D, and the potential energy rating was B.

14 FALDO DRIVE Sold Prices

Land registry data shows six sales for 14 FALDO DRIVE since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the Melton local authority area for the corresponding sale date. All of the six 14 FALDO 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
2023 31 MAR	£285,000	£369,559	23% below HPI
2015 26 NOV	£195,000	£269,233	28% below HPI
2010 26 MAY	£177,000	£230,363	23% below HPI
2001 6 JUL	£122,000	£125,944	3% below HPI
2000 3 NOV	£105,950	£120,335	12% below HPI
1999 13 AUG	£95,950	£100,547	5% below HPI

14 FALDO 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 six 14 FALDO DRIVE sales between August 1999 and March 2023 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 November 2015 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the March 2023 sale, where it rises to 23% below the HPI. The line then continues to track at 23% below the HPI.

How Large is 14 FALDO DRIVE?

14 FALDO DRIVE is 143m², which includes one extension, according to the EPC inspection conducted in January 2023. This puts it in the largest 20% 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 14 FALDO DRIVE lies on this distribution: 81% of detached houses are smaller than 14 FALDO DRIVE, and 19% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

14 FALDO DRIVE: Plot and Title Map

14 FALDO DRIVE sits on a plot of roughly 0.071 of an acre, or 289m². The below map shows the location of 14 FALDO 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 FALDO 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 FALDO DRIVE?

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