15, FRAMLAND DRIVE, MELTON MOWBRAY, LE13 1HY - £227,000

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

15 FRAMLAND DRIVE is a very small extended detached house of 74m², built sometime between 1983 and 1990. It was last sold for £227,000 in November 2018, which was around 25% below the average November 2018 detached price in the Melton local authority area. The most recent EPC inspection was December 2013, where the current energy rating was D, and the potential energy rating was B.

15 FRAMLAND DRIVE Sold Prices

Land registry data shows three sales for 15 FRAMLAND DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Melton local authority area for the corresponding sale date. All of the three 15 FRAMLAND 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
2018 16 NOV	£227,000	£303,166	25% below HPI
2016 10 JUN	£175,000	£276,000	37% below HPI
2001 29 JUN	£88,000	£124,833	30% below HPI

15 FRAMLAND 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 three 15 FRAMLAND DRIVE sales between June 2001 and November 2018 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 2016 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the November 2018 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 15 FRAMLAND DRIVE?

15 FRAMLAND DRIVE is 74m², which includes one extension, according to the EPC inspection conducted in December 2013. This puts it in the smallest 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 15 FRAMLAND DRIVE lies on this distribution: 9% of detached houses are smaller than 15 FRAMLAND DRIVE, and 90% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

15 FRAMLAND DRIVE: Plot and Title Map

15 FRAMLAND DRIVE sits on a plot of roughly 0.070 of an acre, or 283m². The below map shows the location of 15 FRAMLAND 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 FRAMLAND 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 FRAMLAND DRIVE?

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