14, LANCERS DRIVE, MELTON MOWBRAY, LE13 0SY - £301,000

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

14 LANCERS DRIVE is a very large detached house of 229m², built sometime between 1996 and 2002. It was last sold for £301,000 in December 2014, which was around 17% above the average December 2014 detached price in the Melton local authority area. The most recent EPC inspection was November 2009, where the current energy rating was D, and the potential energy rating was C.

14 LANCERS DRIVE Sold Prices

Land registry data shows four sales for 14 LANCERS 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 LANCERS DRIVE sales were for above 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
2014 5 DEC	£301,000	£257,038	17% above HPI
2010 26 MAR	£247,500	£225,565	10% above HPI
2005 27 OCT	£250,000	£227,144	10% above HPI
2003 21 NOV	£279,950	£198,176	41% above HPI

14 LANCERS 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 LANCERS DRIVE sales between November 2003 and December 2014 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 2010 sale was for 10% above the HPI. So the extrapolation line tracks at 10% above the HPI over time, until the December 2014 sale, where it rises to 17% above the HPI. The line then continues to track at 17% above the HPI.

How Large is 14 LANCERS DRIVE?

14 LANCERS DRIVE is 229m² according to the EPC inspection conducted in November 2009. This puts it in the largest 10% 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 LANCERS DRIVE lies on this distribution: 98% of detached houses are smaller than 14 LANCERS DRIVE, and 2% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

14 LANCERS DRIVE: Plot and Title Map

14 LANCERS DRIVE sits on a plot of roughly 0.104 of an acre, or 421m². The below map shows the location of 14 LANCERS 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 LANCERS 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 LANCERS DRIVE?

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