15, TORRANCE DRIVE, MELTON MOWBRAY, LE13 1HR - £260,000

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

15 TORRANCE DRIVE is a midsized detached house of 104m², built sometime between 1991 and 1995. It was last sold for £260,000 in December 2019, which was around 17% below the average December 2019 detached price in the Melton local authority area. The most recent EPC inspection was November 2014, where the current energy rating was D, and the potential energy rating was B.

15 TORRANCE DRIVE Sold Prices

Land registry data shows three sales for 15 TORRANCE 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 TORRANCE 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
2019 17 DEC	£260,000	£314,551	17% below HPI
2015 3 JUN	£216,500	£262,200	17% below HPI
1995 4 AUG	£76,250	£78,353	3% below HPI

15 TORRANCE 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 TORRANCE DRIVE sales between August 1995 and December 2019 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 2015 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the December 2019 sale, which was also at 17% below the HPI.

How Large is 15 TORRANCE DRIVE?

15 TORRANCE DRIVE is 104m² according to the EPC inspection conducted in November 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 15 TORRANCE DRIVE lies on this distribution: 45% of detached houses are smaller than 15 TORRANCE DRIVE, and 54% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

15 TORRANCE DRIVE: Plot and Title Map

15 TORRANCE DRIVE sits on a plot of roughly 0.067 of an acre, or 273m². The below map shows the location of 15 TORRANCE 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 TORRANCE 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 TORRANCE DRIVE?

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