3, BANBURY DRIVE, MELTON MOWBRAY, LE13 0JR - £265,000

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

3 BANBURY DRIVE is a very small detached house of 56m², built sometime between 1976 and 1982. It was last sold for £265,000 in August 2017, which was around 11% below the average August 2017 detached price in the Melton local authority area. The most recent EPC inspection was April 2011, where the current energy rating was D, and the potential energy rating was D.

3 BANBURY DRIVE Sold Prices

Land registry data shows three sales for 3 BANBURY DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Melton local authority area for the corresponding sale date. All of the three 3 BANBURY 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
2017 18 AUG	£265,000	£296,129	11% below HPI
2014 12 SEP	£195,000	£255,667	24% below HPI
2012 28 JUN	£140,000	£234,067	40% below HPI

3 BANBURY 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 three 3 BANBURY DRIVE sales between June 2012 and August 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 September 2014 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the August 2017 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is 3 BANBURY DRIVE?

3 BANBURY DRIVE is 56m² according to the EPC inspection conducted in April 2011. This puts it in the smallest 10% 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 3 BANBURY DRIVE lies on this distribution: 2% of detached houses are smaller than 3 BANBURY DRIVE, and 98% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

3 BANBURY DRIVE: Plot and Title Map

3 BANBURY DRIVE sits on a plot of roughly 0.088 of an acre, or 356m². The below map shows the location of 3 BANBURY 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 3 BANBURY 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 3 BANBURY DRIVE?

3 BANBURY DRIVE is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 3 on BANBURY DRIVE.