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

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

18 CEDAR DRIVE is a large extended detached house of 122m², built sometime between 1983 and 1990, which could now be worth an estimated £337,550. It was last sold for £272,500 in May 2019, which was around 16% 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	£322,570	16% below HPI
2013 4 JAN	£207,500	£242,473	14% below HPI
2006 27 JAN	£188,000	£232,427	19% below HPI
2003 30 OCT	£160,000	£203,295	21% below HPI
2001 17 AUG	£110,000	£130,774	16% below HPI
1998 11 DEC	£77,000	£94,499	19% below HPI
1997 31 OCT	£78,000	£89,651	13% 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 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the May 2019 sale, where it falls to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might 18 CEDAR DRIVE be worth now?

18 CEDAR DRIVE might now be worth an estimated £337,550.

This is based on house price inflation of 23.9%, between May 2019 and February 2025, 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 23.9% inflationary increase is applied to the most recent sale price for 18 CEDAR DRIVE of £272,500 on 24th May 2019. For the value to have increased from £272,500 to £337,550 over the six years and three months to February 2025, the following assumptions must hold true:

• The value of 18 CEDAR DRIVE has moved in line with the HPI for detached houses in the Melton local authority area.
• The May 2019 sale price of £272,500 represented a fair market value for the property.
• The size, condition, and specification of 18 CEDAR DRIVE has not materially changed since May 2019.

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 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 18 CEDAR DRIVE lies on this distribution: 65% of detached houses houses are smaller than 18 CEDAR DRIVE, and 34% 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.