20, ELGIN DRIVE, MELTON MOWBRAY, LE13 1TG - £125,000

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

20 ELGIN DRIVE is a very small extended detached house of 80m², built sometime between 1950 and 1966. It was last sold for £125,000 in June 2010, which was around 45% below the average June 2010 detached price in the Melton local authority area. The most recent EPC inspection was May 2013, where the current energy rating was D, and the potential energy rating was C.

20 ELGIN DRIVE Sold Prices

Land registry data shows two sales for 20 ELGIN 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 Melton local authority area for the corresponding sale date. Both of the two 20 ELGIN 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
2010 30 JUN	£125,000	£227,610	45% below HPI
2002 27 SEP	£89,950	£161,695	44% below HPI

20 ELGIN 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 two 20 ELGIN DRIVE sales from September 2002 and June 2010 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 September 2002 sale was for 44% below the HPI. So the extrapolation line tracks at 44% below the HPI over time, until the June 2010 sale, where it falls to 45% below the HPI. The line then continues to track at 45% below the HPI.

How Large is 20 ELGIN DRIVE?

20 ELGIN DRIVE is 80m², which includes one extension, according to the EPC inspection conducted in May 2013. This puts it in the smallest 20% 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 20 ELGIN DRIVE lies on this distribution: 14% of detached houses are smaller than 20 ELGIN DRIVE, and 85% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

20 ELGIN DRIVE: Plot and Title Map

20 ELGIN DRIVE sits on a plot of roughly 0.053 of an acre, or 215m². The below map shows the location of 20 ELGIN 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 20 ELGIN 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 20 ELGIN DRIVE?

20 ELGIN DRIVE is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 20 on ELGIN DRIVE.