24, MELBRAY DRIVE, MELTON MOWBRAY, LE13 1JT - £325,000

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 MELBRAY DRIVE is a large extended detached house of 118m², built sometime between 1950 and 1966. It was last sold for £325,000 in November 2022, which was around 15% below the average November 2022 detached price in the Melton local authority area. The most recent EPC inspection was May 2022, where the current energy rating was D, and the potential energy rating was B.

24 MELBRAY DRIVE Sold Prices

Land registry data shows two sales for 24 MELBRAY 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 MELBRAY 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 11 NOV	£325,000	£380,712	15% below HPI
2002 19 JUL	£123,500	£156,269	21% below HPI

24 MELBRAY 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 MELBRAY DRIVE sales from July 2002 and November 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 July 2002 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the November 2022 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is 24 MELBRAY DRIVE?

24 MELBRAY DRIVE is 118m², which includes three extensions, according to the EPC inspection conducted in May 2022. This puts it in the largest 40% 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 MELBRAY DRIVE lies on this distribution: 60% of detached houses are smaller than 24 MELBRAY DRIVE, and 39% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

24 MELBRAY DRIVE: Plot and Title Map

24 MELBRAY DRIVE sits on a plot of roughly 0.090 of an acre, or 366m². The below map shows the location of 24 MELBRAY 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 MELBRAY 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 MELBRAY DRIVE?

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