24, RICHMOND DRIVE, MELTON MOWBRAY, LE13 0JP - £325,000

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 RICHMOND DRIVE is a large detached house of 127m², built sometime between 2003 and 2006. It was last sold for £325,000 in October 2017, which was around 7% above the average October 2017 detached price in the Melton local authority area. The most recent EPC inspection was July 2017, where the current energy rating was C, and the potential energy rating was A.

24 RICHMOND DRIVE Sold Prices

Land registry data shows two sales for 24 RICHMOND 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 RICHMOND DRIVE sales were for above 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
2017 5 OCT	£325,000	£303,426	7% above HPI
2006 4 OCT	£279,950	£225,959	24% above HPI

24 RICHMOND 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 RICHMOND DRIVE sales from October 2006 and October 2017 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 October 2006 sale was for 24% above the HPI. So the extrapolation line tracks at 24% above the HPI over time, until the October 2017 sale, where it falls to 7% above the HPI. The line then continues to track at 7% above the HPI.

How Large is 24 RICHMOND DRIVE?

24 RICHMOND DRIVE is 127m² according to the EPC inspection conducted in July 2017. 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 RICHMOND DRIVE lies on this distribution: 69% of detached houses are smaller than 24 RICHMOND DRIVE, and 31% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

24 RICHMOND DRIVE: Plot and Title Map

24 RICHMOND DRIVE sits on a plot of roughly 0.092 of an acre, or 371m². The below map shows the location of 24 RICHMOND 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 RICHMOND 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 RICHMOND DRIVE?

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