37, DISCOVERY DRIVE, MELTON MOWBRAY, LE13 1NJ - £222,500

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.

37 DISCOVERY DRIVE is a small detached house of 88m², which could now be worth an estimated £283,948. It was last sold for £222,500 in May 2020, which was around 29% below the average May 2020 detached price in the Melton local authority area. The most recent EPC inspection was May 2019, where the current energy rating was B, and the potential energy rating was A.

37 DISCOVERY DRIVE Sold Prices

Land registry data shows two sales for 37 DISCOVERY 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 37 DISCOVERY 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
2020 22 MAY	£222,500	£313,102	29% below HPI
2017 16 JUN	£216,995	£305,310	29% below HPI

37 DISCOVERY 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 37 DISCOVERY DRIVE sales from June 2017 and May 2020 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 June 2017 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the May 2020 sale, which was also at 29% below the HPI.

What might 37 DISCOVERY DRIVE be worth now?

37 DISCOVERY DRIVE might now be worth an estimated £283,948.

This is based on house price inflation of 27.6%, between May 2020 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 27.6% inflationary increase is applied to the most recent sale price for 37 DISCOVERY DRIVE of £222,500 on 22nd May 2020. For the value to have increased from £222,500 to £283,948 over the five years and three months to February 2025, the following assumptions must hold true:

• The value of 37 DISCOVERY DRIVE has moved in line with the HPI for detached houses in the Melton local authority area.
• The May 2020 sale price of £222,500 represented a fair market value for the property.
• The size, condition, and specification of 37 DISCOVERY DRIVE has not materially changed since May 2020.

How Large is 37 DISCOVERY DRIVE?

37 DISCOVERY DRIVE is 88m² according to the EPC inspection conducted in May 2019. This puts it in the smallest 30% 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 37 DISCOVERY DRIVE lies on this distribution: 25% of detached houses houses are smaller than 37 DISCOVERY DRIVE, and 74% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

37 DISCOVERY DRIVE: Plot and Title Map

37 DISCOVERY DRIVE sits on a plot of roughly 0.072 of an acre, or 291m². The below map shows the location of 37 DISCOVERY 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 37 DISCOVERY 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 37 DISCOVERY DRIVE?

37 DISCOVERY DRIVE is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 37 on DISCOVERY DRIVE.