3, TEASEL DRIVE, MELTON MOWBRAY, LE13 0FS - £297,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

3 TEASEL DRIVE is a midsized extended detached house of 116m², built sometime between 1996 and 2002. It was last sold for £297,000 in June 2019, which was around 5% below the average June 2019 detached price in the Melton local authority area. The most recent EPC inspection was April 2014, where the current energy rating was C, and the potential energy rating was B.

3 TEASEL DRIVE Sold Prices

Land registry data shows three sales for 3 TEASEL 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 TEASEL 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
2019 21 JUN	£297,000	£311,990	5% below HPI
2014 7 JUL	£220,000	£249,270	12% below HPI
2002 28 JUN	£139,950	£153,574	9% below HPI

3 TEASEL 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 TEASEL DRIVE sales between June 2002 and June 2019 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 July 2014 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the June 2019 sale, where it rises to 5% below the HPI. The line then continues to track at 5% below the HPI.

How Large is 3 TEASEL DRIVE?

3 TEASEL DRIVE is 116m², which includes two extensions, according to the EPC inspection conducted in April 2014. This puts it in the largest 50% 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 TEASEL DRIVE lies on this distribution: 58% of detached houses are smaller than 3 TEASEL DRIVE, and 41% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

3 TEASEL DRIVE: Plot and Title Map

3 TEASEL DRIVE sits on a plot of roughly 0.074 of an acre, or 301m². The below map shows the location of 3 TEASEL 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 TEASEL 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 TEASEL DRIVE?

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