18, SWALLOWS DRIVE, STATHERN, MELTON MOWBRAY, LE14 4ED - £325,000

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

18 SWALLOWS DRIVE is a midsized extended detached house of 130m², built sometime between 1991 and 1995. It was last sold for £325,000 in September 2019, which was around 4% above the average September 2019 detached price in the Melton local authority area. The most recent EPC inspection was March 2018, where the current energy rating was C, and the potential energy rating was B.

18 SWALLOWS DRIVE Sold Prices

Land registry data shows three sales for 18 SWALLOWS 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 18 SWALLOWS 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
2019 24 SEP	£325,000	£311,033	4% above HPI
2003 14 AUG	£227,500	£189,447	20% above HPI
1997 10 SEP	£104,000	£86,265	21% above HPI

18 SWALLOWS 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 18 SWALLOWS DRIVE sales between September 1997 and September 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 August 2003 sale was for 20% above the HPI. So the extrapolation line tracks at 20% above the HPI over time, until the September 2019 sale, where it falls to 4% above the HPI. The line then continues to track at 4% above the HPI.

How Large is 18 SWALLOWS DRIVE?

18 SWALLOWS DRIVE is 130m², which includes one extension, according to the EPC inspection conducted in March 2018. This puts it in the smallest 50% of detached houses in Stathern, based on EPC data. The below chart shows the distribution of detached houses by size in Stathern, and where 18 SWALLOWS DRIVE lies on this distribution: 47% of detached houses are smaller than 18 SWALLOWS DRIVE, and 53% of houses are larger. Note that EPC data is not available for all properties in Stathern.

18 SWALLOWS DRIVE: Plot and Title Map

18 SWALLOWS DRIVE sits on a plot of roughly 0.115 of an acre, or 465m². The below map shows the location of 18 SWALLOWS 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 SWALLOWS 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 SWALLOWS DRIVE?

18 SWALLOWS DRIVE is located in STATHERN, in the LE14 postcode district. The below map shows the position of No. 18 on SWALLOWS DRIVE.