25, DISCOVERY DRIVE, MELTON MOWBRAY, LE13 1NJ - £245,000

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

25 DISCOVERY DRIVE is a small detached house of 90m². It was last sold for £245,000 in August 2020, which was around 25% below the average August 2020 detached price in the Melton local authority area. The most recent EPC inspection was December 2016, where the current energy rating was B, and the potential energy rating was A.

25 DISCOVERY DRIVE Sold Prices

Land registry data shows two sales for 25 DISCOVERY 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 25 DISCOVERY 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
2020 18 AUG	£245,000	£328,078	25% below HPI
2016 22 DEC	£222,995	£285,596	22% below HPI

25 DISCOVERY 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 25 DISCOVERY DRIVE sales from December 2016 and August 2020 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 December 2016 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the August 2020 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 25 DISCOVERY DRIVE?

25 DISCOVERY DRIVE is 90m² according to the EPC inspection conducted in December 2016. This puts it in the smallest 30% 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 25 DISCOVERY DRIVE lies on this distribution: 28% of detached houses are smaller than 25 DISCOVERY DRIVE, and 71% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

25 DISCOVERY DRIVE: Plot and Title Map

25 DISCOVERY DRIVE sits on a plot of roughly 0.067 of an acre, or 273m². The below map shows the location of 25 DISCOVERY 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 25 DISCOVERY 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 25 DISCOVERY DRIVE?

25 DISCOVERY DRIVE is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 25 on DISCOVERY DRIVE.