24, FRAMLAND DRIVE, MELTON MOWBRAY, LE13 1HY - £250,000

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

24 FRAMLAND DRIVE is a very small detached house of 82m², built sometime between 1983 and 1990. It was last sold for £250,000 in October 2022, which was around 34% below the average October 2022 detached price in the Melton local authority area. The most recent EPC inspection was June 2022, where the current energy rating was D, and the potential energy rating was B.

24 FRAMLAND DRIVE Sold Prices

Land registry data shows two sales for 24 FRAMLAND 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 FRAMLAND 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
2022 21 OCT	£250,000	£379,403	34% below HPI
1997 28 FEB	£67,000	£81,019	17% below HPI

24 FRAMLAND 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 FRAMLAND DRIVE sales from February 1997 and October 2022 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 February 1997 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the October 2022 sale, where it falls to 34% below the HPI. The line then continues to track at 34% below the HPI.

How Large is 24 FRAMLAND DRIVE?

24 FRAMLAND DRIVE is 82m² according to the EPC inspection conducted in June 2022. 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 24 FRAMLAND DRIVE lies on this distribution: 16% of detached houses are smaller than 24 FRAMLAND DRIVE, and 83% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

24 FRAMLAND DRIVE: Plot and Title Map

24 FRAMLAND DRIVE sits on a plot of roughly 0.086 of an acre, or 347m². The below map shows the location of 24 FRAMLAND 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 FRAMLAND 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 FRAMLAND DRIVE?

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