2, GRANGE DRIVE, MELTON MOWBRAY, LE13 1EY - £320,000

Based on the June 2024 Price Paid Data (released on 26 July 2024), the May 2024 House Price Index (released on 17 July 2024), and the June 2024 Energy Performance of Buildings Data (released on 25 July 2024). Sources

2 GRANGE DRIVE is a large extended detached house of 128m², built sometime between 1967 and 1975. It was last sold for £320,000 in December 2023, which was around 14% below the average December 2023 detached price in the Melton local authority area. The most recent EPC inspection was January 2023, where the current energy rating was C, and the potential energy rating was C.

2 GRANGE DRIVE Sold Prices

Land registry data shows four sales for 2 GRANGE DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Melton local authority area for the corresponding sale date. All of the four 2 GRANGE 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
2023 11 DEC	£320,000	£373,898	14% below HPI
2017 12 DEC	£260,000	£292,611	11% below HPI
1999 10 FEB	£67,000	£90,567	26% below HPI
1998 16 AUG	£30,000	£94,484	68% below HPI

2 GRANGE 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 four 2 GRANGE DRIVE sales between August 1998 and December 2023 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 December 2017 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the December 2023 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

How Large is 2 GRANGE DRIVE?

2 GRANGE DRIVE is 128m², which includes two extensions, according to the EPC inspection conducted in January 2023. 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 2 GRANGE DRIVE lies on this distribution: 69% of detached houses are smaller than 2 GRANGE DRIVE, and 30% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

2 GRANGE DRIVE: Plot and Title Map

2 GRANGE DRIVE sits on a plot of roughly 0.097 of an acre, or 393m². The below map shows the location of 2 GRANGE 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 2 GRANGE 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 2 GRANGE DRIVE?

2 GRANGE DRIVE is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 2 on GRANGE DRIVE.