3, TWEED DRIVE, MELTON MOWBRAY, LE13 0UZ - £296,000

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 TWEED DRIVE is a small detached house of 86m², built sometime between 1976 and 1982. It was last sold for £296,000 in February 2024, which was around 17% below the average February 2024 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 TWEED DRIVE Sold Prices

Land registry data shows four sales for 3 TWEED DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Melton local authority area for the corresponding sale date. All of the four 3 TWEED 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
2024 9 FEB	£296,000	£357,555	17% below HPI
2008 14 AUG	£179,000	£236,379	24% below HPI
2007 4 JUN	£190,000	£246,992	23% below HPI
2006 31 JUL	£180,000	£228,742	21% below HPI

3 TWEED 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 four 3 TWEED DRIVE sales between July 2006 and February 2024 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 August 2008 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the February 2024 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is 3 TWEED DRIVE?

3 TWEED DRIVE is 86m² according to the EPC inspection conducted in October 2023. This puts it in the smallest 30% 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 TWEED DRIVE lies on this distribution: 22% of detached houses are smaller than 3 TWEED DRIVE, and 77% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

3 TWEED DRIVE: Plot and Title Map

3 TWEED DRIVE sits on a plot of roughly 0.088 of an acre, or 355m². The below map shows the location of 3 TWEED 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 TWEED 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 TWEED DRIVE?

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