15, CHALMONDLEY DRIVE, MELTON MOWBRAY, LE13 1PN - £230,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

15 CHALMONDLEY DRIVE is a very small semi-detached house of 70m², built sometime between 1983 and 1990, which could now be worth an estimated £242,115. It was last sold for £230,000 in December 2023, which was around 1% below the average December 2023 semi-detached price in the Melton local authority area. The most recent EPC inspection was September 2023, where the current energy rating was C, and the potential energy rating was B.

15 CHALMONDLEY DRIVE Sold Prices

Land registry data shows six sales for 15 CHALMONDLEY DRIVE since 1^st January 1995. The below table shows the price paid for the six sales, along with the average semi-detached price in the Melton local authority area for the corresponding sale date. Most of the six 15 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
2023 15 DEC	£230,000	£232,976	1% below HPI
2021 11 JUN	£225,000	£218,659	3% above HPI
2013 31 MAY	£140,000	£142,005	1% below HPI
2007 29 JUN	£152,500	£160,883	5% below HPI
2001 29 JUN	£76,500	£73,976	3% above HPI
1996 22 NOV	£53,000	£53,820	2% below HPI

15 CHALMONDLEY DRIVE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Melton local authority area over time, sourced from the HPI. The six 15 CHALMONDLEY DRIVE sales between November 1996 and December 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 June 2021 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the December 2023 sale, where it falls to 1% below the HPI. The line then continues to track at 1% below the HPI.

What might 15 CHALMONDLEY DRIVE be worth now?

15 CHALMONDLEY DRIVE might now be worth an estimated £242,115.

This is based on house price inflation of 5.3%, between December 2023 and February 2025, for semi-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 5.3% inflationary increase is applied to the most recent sale price for 15 CHALMONDLEY DRIVE of £230,000 on 15th December 2023. For the value to have increased from £230,000 to £242,115 over the two years and ten months to February 2025, the following assumptions must hold true:

• The value of 15 CHALMONDLEY DRIVE has moved in line with the HPI for semi-detached houses in the Melton local authority area.
• The December 2023 sale price of £230,000 represented a fair market value for the property.
• The size, condition, and specification of 15 CHALMONDLEY DRIVE has not materially changed since December 2023.

How Large is 15 CHALMONDLEY DRIVE?

15 CHALMONDLEY DRIVE is 70m² according to the EPC inspection conducted in September 2023. This puts it in the smallest 10% of semi-detached houses houses in Melton Mowbray, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Melton Mowbray, and where 15 CHALMONDLEY DRIVE lies on this distribution: 7% of semi-detached houses houses are smaller than 15 CHALMONDLEY DRIVE, and 93% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

15 CHALMONDLEY DRIVE: Plot and Title Map

15 CHALMONDLEY DRIVE sits on a plot of roughly 0.048 of an acre, or 193m². The below map shows the location of 15 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 15 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 15 CHALMONDLEY DRIVE?

15 CHALMONDLEY DRIVE is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 15 on CHALMONDLEY DRIVE.