29, DISCOVERY DRIVE, MELTON MOWBRAY, LE13 1NJ - £159,950

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

29 DISCOVERY DRIVE is a very small semi-detached house of 69m², which could now be worth an estimated £162,034. It was last sold for £159,950 in October 2022, which was around 34% below the average October 2022 semi-detached price in the Melton local authority area. The most recent EPC inspection was April 2017, where the current energy rating was B, and the potential energy rating was A.

29 DISCOVERY DRIVE Sold Prices

Land registry data shows three sales for 29 DISCOVERY DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Melton local authority area for the corresponding sale date. All of the three 29 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
2022 6 OCT	£159,950	£242,093	34% below HPI
2021 26 FEB	£141,500	£215,589	34% below HPI
2017 28 APR	£124,600	£187,732	34% below HPI

29 DISCOVERY DRIVE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Melton local authority area over time, sourced from the HPI. The three 29 DISCOVERY DRIVE sales between April 2017 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 2021 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the October 2022 sale, which was also at 34% below the HPI.

What might 29 DISCOVERY DRIVE be worth now?

29 DISCOVERY DRIVE might now be worth an estimated £162,034.

This is based on house price inflation of 1.3%, between October 2022 and February 2025, for semi-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 1.3% inflationary increase is applied to the most recent sale price for 29 DISCOVERY DRIVE of £159,950 on 6th October 2022. For the value to have increased from £159,950 to £162,034 over the three years and eight months to February 2025, the following assumptions must hold true:

• The value of 29 DISCOVERY DRIVE has moved in line with the HPI for semi-detached houses in the Melton local authority area.
• The October 2022 sale price of £159,950 represented a fair market value for the property.
• The size, condition, and specification of 29 DISCOVERY DRIVE has not materially changed since October 2022.

How Large is 29 DISCOVERY DRIVE?

29 DISCOVERY DRIVE is 69m² according to the EPC inspection conducted in April 2017. This puts it in the smallest 10% of semi-detached houses houses in Melton Mowbray, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Melton Mowbray, and where 29 DISCOVERY DRIVE lies on this distribution: 6% of semi-detached houses houses are smaller than 29 DISCOVERY DRIVE, and 93% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

29 DISCOVERY DRIVE: Plot and Title Map

29 DISCOVERY DRIVE sits on a plot of roughly 0.036 of an acre, or 144m². The below map shows the location of 29 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 29 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 29 DISCOVERY DRIVE?

29 DISCOVERY DRIVE is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 29 on DISCOVERY DRIVE.