14, MELBOURNE DRIVE, MELTON MOWBRAY, LE13 0JA - £165,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

14 MELBOURNE DRIVE is a midsized semi-detached house of 103m², built sometime between 1983 and 1990. It was last sold for £165,000 in September 2014, which was around 35% below the average September 2014 detached price in the Melton local authority area. The most recent EPC inspection was April 2014, where the current energy rating was D, and the potential energy rating was B.

14 MELBOURNE DRIVE Sold Prices

Land registry data shows two sales for 14 MELBOURNE 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 14 MELBOURNE 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
2014 4 SEP	£165,000	£255,667	35% below HPI
1998 16 APR	£63,000	£91,846	31% below HPI

14 MELBOURNE 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 14 MELBOURNE DRIVE sales from April 1998 and September 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 April 1998 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the September 2014 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

How Large is 14 MELBOURNE DRIVE?

14 MELBOURNE DRIVE is 103m² according to the EPC inspection conducted in April 2014. This puts it in the smallest 50% 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 MELBOURNE DRIVE lies on this distribution: 43% of detached houses are smaller than 14 MELBOURNE DRIVE, and 55% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

14 MELBOURNE DRIVE: Plot and Title Map

14 MELBOURNE DRIVE sits on a plot of roughly 0.104 of an acre, or 422m². The below map shows the location of 14 MELBOURNE 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 MELBOURNE 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 MELBOURNE DRIVE?

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