23, NORFOLK DRIVE, MELTON MOWBRAY, LE13 0AJ - £329,000

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.

23 NORFOLK DRIVE is a very large extended detached house of 158m², built sometime between 1967 and 1975, which could now be worth an estimated £403,473. It was last sold for £329,000 in October 2018, which was around 1% above the average October 2018 detached price in the Melton local authority area. The most recent EPC inspection was August 2009, where the current energy rating was C, and the potential energy rating was C.

23 NORFOLK DRIVE Sold Prices

Land registry data shows two sales for 23 NORFOLK 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. One of the two 23 NORFOLK DRIVE sales was for above the average price, whilst the other was 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
2018 26 OCT	£329,000	£325,819	1% above HPI
1996 15 NOV	£72,500	£93,176	22% below HPI

23 NORFOLK 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 23 NORFOLK DRIVE sales from November 1996 and October 2018 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 November 1996 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the October 2018 sale, where it rises to 1% above the HPI. The line then continues to track at 1% above the HPI.

What might 23 NORFOLK DRIVE be worth now?

23 NORFOLK DRIVE might now be worth an estimated £403,473.

This is based on house price inflation of 22.6%, between October 2018 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 22.6% inflationary increase is applied to the most recent sale price for 23 NORFOLK DRIVE of £329,000 on 26th October 2018. For the value to have increased from £329,000 to £403,473 over the seven years and eight months to February 2025, the following assumptions must hold true:

• The value of 23 NORFOLK DRIVE has moved in line with the HPI for detached houses in the Melton local authority area.
• The October 2018 sale price of £329,000 represented a fair market value for the property.
• The size, condition, and specification of 23 NORFOLK DRIVE has not materially changed since October 2018.

How Large is 23 NORFOLK DRIVE?

23 NORFOLK DRIVE is 158m², which includes one extension, according to the EPC inspection conducted in August 2009. This puts it in the largest 20% 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 23 NORFOLK DRIVE lies on this distribution: 88% of detached houses houses are smaller than 23 NORFOLK DRIVE, and 12% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

23 NORFOLK DRIVE: Plot and Title Map

23 NORFOLK DRIVE sits on a plot of roughly 0.102 of an acre, or 414m². The below map shows the location of 23 NORFOLK 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 23 NORFOLK 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 23 NORFOLK DRIVE?

23 NORFOLK DRIVE is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 23 on NORFOLK DRIVE.