15, RICHMOND DRIVE, MELTON MOWBRAY, LE13 0JP - £425,000

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 RICHMOND DRIVE is a very large extended detached house of 162m², built sometime between 2003 and 2006. It was last sold for £425,000 in December 2017, which was around 40% above the average December 2017 detached price in the Melton local authority area. The most recent EPC inspection was July 2016, where the current energy rating was C, and the potential energy rating was C.

15 RICHMOND DRIVE Sold Prices

Land registry data shows two sales for 15 RICHMOND 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 15 RICHMOND 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
2017 8 DEC	£425,000	£303,499	40% above HPI
2006 20 OCT	£324,950	£234,367	39% above HPI

15 RICHMOND 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 15 RICHMOND DRIVE sales from October 2006 and December 2017 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 October 2006 sale was for 39% above the HPI. So the extrapolation line tracks at 39% above the HPI over time, until the December 2017 sale, where it rises to 40% above the HPI. The line then continues to track at 40% above the HPI.

What might 15 RICHMOND DRIVE be worth now?

15 RICHMOND DRIVE might now be worth an estimated £557,518.

This is based on house price inflation of 31.2%, between December 2017 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 31.2% inflationary increase is applied to the most recent sale price for 15 RICHMOND DRIVE of £425,000 on 8th December 2017. For the value to have increased from £425,000 to £557,518 over the seven years to December 2024, the following assumptions must hold true:

• The value of 15 RICHMOND DRIVE has moved in line with the HPI for detached houses in the Melton local authority area.
• The December 2017 sale price of £425,000 represented a fair market value for the property.
• The size, condition, and specification of 15 RICHMOND DRIVE has not materially changed since December 2017.

How Large is 15 RICHMOND DRIVE?

15 RICHMOND DRIVE is 162m², which includes two extensions, according to the EPC inspection conducted in July 2016. This puts it in the largest 20% 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 RICHMOND DRIVE lies on this distribution: 89% of detached houses houses are smaller than 15 RICHMOND DRIVE, and 11% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

15 RICHMOND DRIVE: Plot and Title Map

15 RICHMOND DRIVE sits on a plot of roughly 0.111 of an acre, or 450m². The below map shows the location of 15 RICHMOND 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 RICHMOND 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 RICHMOND DRIVE?

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