3, LANCERS DRIVE, MELTON MOWBRAY, LE13 0SY - £148,500

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.

3 LANCERS DRIVE is a very small detached house of 78m², built sometime between 2003 and 2006, which could now be worth an estimated £258,276. It was last sold for £148,500 in November 2009, which was around 35% below the average November 2009 detached price in the Melton local authority area. The most recent EPC inspection was October 2023, where the current energy rating was C, and the potential energy rating was B.

3 LANCERS DRIVE Sold Prices

Land registry data shows three sales for 3 LANCERS 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 LANCERS 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
2009 27 NOV	£148,500	£229,740	35% below HPI
2008 1 SEP	£156,000	£242,514	36% below HPI
2003 22 SEP	£154,995	£203,841	24% below HPI

3 LANCERS 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 LANCERS DRIVE sales between September 2003 and November 2009 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 2008 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the November 2009 sale, where it rises to 35% below the HPI. The line then continues to track at 35% below the HPI.

What might 3 LANCERS DRIVE be worth now?

3 LANCERS DRIVE might now be worth an estimated £258,276.

This is based on house price inflation of 73.9%, between November 2009 and February 2025, 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 73.9% inflationary increase is applied to the most recent sale price for 3 LANCERS DRIVE of £148,500 on 27th November 2009. For the value to have increased from £148,500 to £258,276 over the sixteen years and nine months to February 2025, the following assumptions must hold true:

• The value of 3 LANCERS DRIVE has moved in line with the HPI for detached houses in the Melton local authority area.
• The November 2009 sale price of £148,500 represented a fair market value for the property.
• The size, condition, and specification of 3 LANCERS DRIVE has not materially changed since November 2009.

How Large is 3 LANCERS DRIVE?

3 LANCERS DRIVE is 78m² according to the EPC inspection conducted in October 2023. This puts it in the smallest 20% 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 LANCERS DRIVE lies on this distribution: 12% of detached houses houses are smaller than 3 LANCERS DRIVE, and 88% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

3 LANCERS DRIVE: Plot and Title Map

3 LANCERS DRIVE sits on a plot of roughly 0.078 of an acre, or 317m². The below map shows the location of 3 LANCERS 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 LANCERS 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 LANCERS DRIVE?

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