26, DERWENT DRIVE, MELTON MOWBRAY, LE13 0BS - £160,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

26 DERWENT DRIVE is a small detached house of 88m², built sometime between 1976 and 1982, which could now be worth an estimated £258,316. It was last sold for £160,000 in December 2012, which was around 35% below the average December 2012 detached price in the Melton local authority area. The most recent EPC inspection was July 2012, where the current energy rating was D, and the potential energy rating was C.

26 DERWENT DRIVE Sold Prices

Land registry data shows five sales for 26 DERWENT DRIVE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Melton local authority area for the corresponding sale date. All of the five 26 DERWENT 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
2012 14 DEC	£160,000	£246,602	35% below HPI
2009 27 MAR	£155,000	£214,500	28% below HPI
2004 2 AUG	£167,000	£231,296	28% below HPI
2003 28 APR	£138,950	£176,415	21% below HPI
1996 20 SEP	£63,000	£89,515	30% below HPI

26 DERWENT 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 five 26 DERWENT DRIVE sales between September 1996 and December 2012 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 March 2009 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the December 2012 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

What might 26 DERWENT DRIVE be worth now?

26 DERWENT DRIVE might now be worth an estimated £258,316.

This is based on house price inflation of 61.4%, between December 2012 and December 2024, for detached houses, in the Melton local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 61.4% inflationary increase is applied to the most recent sale price for 26 DERWENT DRIVE of £160,000 on 14th December 2012. For the value to have increased from £160,000 to £258,316 over the twelve years to December 2024, the following assumptions must hold true:

• The value of 26 DERWENT DRIVE has moved in line with the HPI for detached houses in the Melton local authority area.
• The December 2012 sale price of £160,000 represented a fair market value for the property.
• The size, condition, and specification of 26 DERWENT DRIVE has not materially changed since December 2012.

How Large is 26 DERWENT DRIVE?

26 DERWENT DRIVE is 88m² according to the EPC inspection conducted in July 2012. This puts it in the smallest 30% of detached houses houses in Melton Mowbray, based on EPC data. The below chart shows the distribution of detached houses houses by size in Melton Mowbray, and where 26 DERWENT DRIVE lies on this distribution: 25% of detached houses houses are smaller than 26 DERWENT DRIVE, and 73% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

26 DERWENT DRIVE: Plot and Title Map

26 DERWENT DRIVE sits on a plot of roughly 0.082 of an acre, or 330m². The below map shows the location of 26 DERWENT 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 26 DERWENT 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 26 DERWENT DRIVE?

26 DERWENT DRIVE is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 26 on DERWENT DRIVE.