15, LANCERS DRIVE, MELTON MOWBRAY, LE13 0SY - £282,500

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

15 LANCERS DRIVE is a midsized detached house of 100m², built sometime between 2003 and 2006. It was last sold for £282,500 in February 2022, which was around 21% below the average February 2022 detached price in the Melton local authority area. The most recent EPC inspection was July 2014, where the current energy rating was C, and the potential energy rating was B.

15 LANCERS DRIVE Sold Prices

Land registry data shows three sales for 15 LANCERS 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 LANCERS 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
2022 11 FEB	£282,500	£358,657	21% below HPI
2014 26 SEP	£181,000	£265,179	32% below HPI
2003 16 DEC	£159,995	£206,710	23% below HPI

15 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 three 15 LANCERS DRIVE sales between December 2003 and February 2022 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 September 2014 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the February 2022 sale, where it rises to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might 15 LANCERS DRIVE be worth now?

15 LANCERS DRIVE might now be worth an estimated £313,593.

This is based on house price inflation of 11%, between February 2022 and December 2024, for 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 11% inflationary increase is applied to the most recent sale price for 15 LANCERS DRIVE of £282,500 on 11th February 2022. For the value to have increased from £282,500 to £313,593 over the one year and two months to December 2024, the following assumptions must hold true:

• The value of 15 LANCERS DRIVE has moved in line with the HPI for detached houses in the Melton local authority area.
• The February 2022 sale price of £282,500 represented a fair market value for the property.
• The size, condition, and specification of 15 LANCERS DRIVE has not materially changed since February 2022.

How Large is 15 LANCERS DRIVE?

15 LANCERS DRIVE is 100m² according to the EPC inspection conducted in July 2014. This puts it in the smallest 50% of detached houses houses in Melton Mowbray, based on EPC data. The below chart shows the distribution of detached houses houses by size in Melton Mowbray, and where 15 LANCERS DRIVE lies on this distribution: 41% of detached houses houses are smaller than 15 LANCERS DRIVE, and 58% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

15 LANCERS DRIVE: Plot and Title Map

15 LANCERS DRIVE sits on a plot of roughly 0.073 of an acre, or 295m². The below map shows the location of 15 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 15 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 15 LANCERS DRIVE?

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