18, CEDAR DRIVE, MELTON MOWBRAY, LE13 0PA - £272,500

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

18 CEDAR DRIVE is a large extended detached house of 122m², built sometime between 1983 and 1990. It was last sold for £272,500 in May 2019, which was around 12% below the average May 2019 detached price in the Melton local authority area. The most recent EPC inspection was September 2012, where the current energy rating was C, and the potential energy rating was C.

18 CEDAR DRIVE Sold Prices

Land registry data shows seven sales for 18 CEDAR DRIVE since 1^st January 1995. The below table shows the price paid for the seven sales, along with the average detached price in the Melton local authority area for the corresponding sale date. All of the seven 18 CEDAR 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 24 MAY	£272,500	£310,998	12% below HPI
2013 4 JAN	£207,500	£233,774	11% below HPI
2006 27 JAN	£188,000	£224,090	16% below HPI
2003 30 OCT	£160,000	£196,003	18% below HPI
2001 17 AUG	£110,000	£126,082	13% below HPI
1998 11 DEC	£77,000	£91,109	15% below HPI
1997 31 OCT	£78,000	£86,435	10% below HPI

18 CEDAR 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 seven 18 CEDAR DRIVE sales between October 1997 and May 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 January 2013 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the May 2019 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

How Large is 18 CEDAR DRIVE?

18 CEDAR DRIVE is 122m², which includes one extension, according to the EPC inspection conducted in September 2012. This puts it in the largest 40% 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 18 CEDAR DRIVE lies on this distribution: 64% of detached houses are smaller than 18 CEDAR DRIVE, and 35% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

18 CEDAR DRIVE: Plot and Title Map

18 CEDAR DRIVE sits on a plot of roughly 0.072 of an acre, or 292m². The below map shows the location of 18 CEDAR 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 18 CEDAR 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 18 CEDAR DRIVE?

18 CEDAR DRIVE is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 18 on CEDAR DRIVE.