24, CEDAR DRIVE, MELTON MOWBRAY, LE13 0PA - £227,500

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

24 CEDAR DRIVE is a very small detached house of 74m², built sometime between 1983 and 1990. It was last sold for £227,500 in August 2018, which was around 29% below the average August 2018 detached price in the Melton local authority area. The most recent EPC inspection was May 2018, where the current energy rating was D, and the potential energy rating was B.

24 CEDAR DRIVE Sold Prices

Land registry data shows two sales for 24 CEDAR 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 24 CEDAR 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
2018 24 AUG	£227,500	£320,363	29% below HPI
1997 21 JUL	£66,000	£86,000	23% below HPI

24 CEDAR 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 24 CEDAR DRIVE sales from July 1997 and August 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 July 1997 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the August 2018 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

How Large is 24 CEDAR DRIVE?

24 CEDAR DRIVE is 74m² according to the EPC inspection conducted in May 2018. This puts it in the smallest 10% 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 24 CEDAR DRIVE lies on this distribution: 9% of detached houses are smaller than 24 CEDAR DRIVE, and 90% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

24 CEDAR DRIVE: Plot and Title Map

24 CEDAR DRIVE sits on a plot of roughly 0.060 of an acre, or 242m². The below map shows the location of 24 CEDAR 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 24 CEDAR 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 24 CEDAR DRIVE?

24 CEDAR DRIVE is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 24 on CEDAR DRIVE.