2, MELVYN DRIVE, BINGHAM, NOTTINGHAM, NG13 8BN - £645,000

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

2 MELVYN DRIVE is a very large extended detached house of 229m², built sometime between 1967 and 1975. It was last sold for £645,000 in September 2019, which was around 71% above the average September 2019 detached price in the Rushcliffe local authority area. The most recent EPC inspection was September 2022, where the current energy rating was C, and the potential energy rating was C.

2 MELVYN DRIVE Sold Prices

Land registry data shows two sales for 2 MELVYN DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Rushcliffe local authority area for the corresponding sale date. Both of the two 2 MELVYN 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 13 SEP	£645,000	£376,583	71% above HPI
2016 14 OCT	£385,000	£349,623	10% above HPI

2 MELVYN DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Rushcliffe local authority area over time, sourced from the HPI. The two 2 MELVYN DRIVE sales from October 2016 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 October 2016 sale was for 10% above the HPI. So the extrapolation line tracks at 10% above the HPI over time, until the September 2019 sale, where it rises to 71% above the HPI. The line then continues to track at 71% above the HPI.

How Large is 2 MELVYN DRIVE?

2 MELVYN DRIVE is 229m², which includes two extensions, according to the EPC inspection conducted in September 2022. This puts it in the largest 10% of detached houses in Bingham, based on EPC data. The below chart shows the distribution of detached houses by size in Bingham, and where 2 MELVYN DRIVE lies on this distribution: 98% of detached houses are smaller than 2 MELVYN DRIVE, and 2% of houses are larger. Note that EPC data is not available for all properties in Bingham.

2 MELVYN DRIVE: Plot and Title Map

2 MELVYN DRIVE sits on a plot of roughly 0.222 of an acre, or 899m². The below map shows the location of 2 MELVYN 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 MELVYN 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 MELVYN DRIVE?

2 MELVYN DRIVE is located in BINGHAM, in the NG13 postcode district. The below map shows the position of No. 2 on MELVYN DRIVE.