16, NORFOLK DRIVE, MELTON MOWBRAY, LE13 0AZ - £373,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

16 NORFOLK DRIVE is a very large extended detached house of 208m², built sometime between 1967 and 1975. It was last sold for £373,000 in January 2015, which was around 45% above the average January 2015 detached price in the Melton local authority area. The most recent EPC inspection was June 2014, where the current energy rating was D, and the potential energy rating was C.

16 NORFOLK DRIVE Sold Prices

Land registry data shows three sales for 16 NORFOLK 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 16 NORFOLK 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
2015 29 JAN	£373,000	£256,518	45% above HPI
2006 12 OCT	£265,000	£225,959	17% above HPI
2003 1 APR	£205,000	£170,086	21% above HPI

16 NORFOLK 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 16 NORFOLK DRIVE sales between April 2003 and January 2015 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 17% above the HPI. So the extrapolation line tracks at 17% above the HPI over time, until the January 2015 sale, where it rises to 45% above the HPI. The line then continues to track at 45% above the HPI.

How Large is 16 NORFOLK DRIVE?

16 NORFOLK DRIVE is 208m², which includes two extensions, according to the EPC inspection conducted in June 2014. This puts it in the largest 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 16 NORFOLK DRIVE lies on this distribution: 97% of detached houses are smaller than 16 NORFOLK DRIVE, and 3% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

16 NORFOLK DRIVE: Plot and Title Map

16 NORFOLK DRIVE sits on a plot of roughly 0.143 of an acre, or 580m². The below map shows the location of 16 NORFOLK 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 16 NORFOLK 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 16 NORFOLK DRIVE?

16 NORFOLK DRIVE is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 16 on NORFOLK DRIVE.