3, KIPLING DRIVE, MELTON MOWBRAY, LE13 1LW - £290,000

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

3 KIPLING DRIVE is a midsized detached house of 108m², built sometime between 1983 and 1990, which could now be worth an estimated £380,424. It was last sold for £290,000 in December 2017, which was around 4% below the average December 2017 detached price in the Melton local authority area. The most recent EPC inspection was October 2014, where the current energy rating was D, and the potential energy rating was B.

3 KIPLING DRIVE Sold Prices

Land registry data shows two sales for 3 KIPLING 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 3 KIPLING 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 15 DEC	£290,000	£303,499	4% below HPI
2015 29 MAY	£240,000	£265,107	9% below HPI

3 KIPLING 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 3 KIPLING DRIVE sales from May 2015 and December 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 May 2015 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the December 2017 sale, where it rises to 4% below the HPI. The line then continues to track at 4% below the HPI.

What might 3 KIPLING DRIVE be worth now?

3 KIPLING DRIVE might now be worth an estimated £380,424.

This is based on house price inflation of 31.2%, between December 2017 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 31.2% inflationary increase is applied to the most recent sale price for 3 KIPLING DRIVE of £290,000 on 15th December 2017. For the value to have increased from £290,000 to £380,424 over the seven years to December 2024, the following assumptions must hold true:

• The value of 3 KIPLING DRIVE has moved in line with the HPI for detached houses in the Melton local authority area.
• The December 2017 sale price of £290,000 represented a fair market value for the property.
• The size, condition, and specification of 3 KIPLING DRIVE has not materially changed since December 2017.

How Large is 3 KIPLING DRIVE?

3 KIPLING DRIVE is 108m² according to the EPC inspection conducted in October 2014. This puts it in the largest 50% 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 3 KIPLING DRIVE lies on this distribution: 50% of detached houses houses are smaller than 3 KIPLING DRIVE, and 50% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

3 KIPLING DRIVE: Plot and Title Map

3 KIPLING DRIVE sits on a plot of roughly 0.152 of an acre, or 616m². The below map shows the location of 3 KIPLING 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 KIPLING 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 KIPLING DRIVE?

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