17, MELBRAY DRIVE, MELTON MOWBRAY, LE13 1JS - £263,500

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

17 MELBRAY DRIVE is a small extended semi-detached house of 89m², built sometime between 1950 and 1966, which could now be worth an estimated £277,847. It was last sold for £263,500 in September 2024, which was around 13% above the average September 2024 semi-detached price in the Melton local authority area. The most recent EPC inspection was April 2017, where the current energy rating was D, and the potential energy rating was B.

17 MELBRAY DRIVE Sold Prices

Land registry data shows two sales for 17 MELBRAY DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Melton local authority area for the corresponding sale date. One of the two 17 MELBRAY DRIVE sales was for above the average price, whilst the other was 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
2024 20 SEP	£263,500	£232,278	13% above HPI
2017 29 SEP	£177,000	£188,990	6% below HPI

17 MELBRAY DRIVE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Melton local authority area over time, sourced from the HPI. The two 17 MELBRAY DRIVE sales from September 2017 and September 2024 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 2017 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the September 2024 sale, where it rises to 13% above the HPI. The line then continues to track at 13% above the HPI.

What might 17 MELBRAY DRIVE be worth now?

17 MELBRAY DRIVE might now be worth an estimated £277,847.

This is based on house price inflation of 5.4%, between September 2024 and December 2024, for semi-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 5.4% inflationary increase is applied to the most recent sale price for 17 MELBRAY DRIVE of £263,500 on 20th September 2024. For the value to have increased from £263,500 to £277,847 over the nine months to December 2024, the following assumptions must hold true:

• The value of 17 MELBRAY DRIVE has moved in line with the HPI for semi-detached houses in the Melton local authority area.
• The September 2024 sale price of £263,500 represented a fair market value for the property.
• The size, condition, and specification of 17 MELBRAY DRIVE has not materially changed since September 2024.

How Large is 17 MELBRAY DRIVE?

17 MELBRAY DRIVE is 89m², which includes four extensions, according to the EPC inspection conducted in April 2017. This puts it in the smallest 30% of semi-detached houses houses in Melton Mowbray, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Melton Mowbray, and where 17 MELBRAY DRIVE lies on this distribution: 27% of semi-detached houses houses are smaller than 17 MELBRAY DRIVE, and 71% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

17 MELBRAY DRIVE: Plot and Title Map

17 MELBRAY DRIVE sits on a plot of roughly 0.066 of an acre, or 268m². The below map shows the location of 17 MELBRAY 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 17 MELBRAY 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 17 MELBRAY DRIVE?

17 MELBRAY DRIVE is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 17 on MELBRAY DRIVE.