38, CLARK DRIVE, MELTON MOWBRAY, LE13 1HU - £164,950

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

38 CLARK DRIVE is a very small detached house of 78m², built sometime between 1996 and 2002. It was last sold for £164,950 in November 2007, which was around 37% below the average November 2007 detached price in the Melton local authority area. The most recent EPC inspection was September 2015, where the current energy rating was B, and the potential energy rating was A.

38 CLARK DRIVE Sold Prices

Land registry data shows two sales for 38 CLARK 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 38 CLARK 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
2007 30 NOV	£164,950	£263,415	37% below HPI
2001 19 APR	£76,000	£128,408	41% below HPI

38 CLARK 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 38 CLARK DRIVE sales from April 2001 and November 2007 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 April 2001 sale was for 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the November 2007 sale, where it rises to 37% below the HPI. The line then continues to track at 37% below the HPI.

What might 38 CLARK DRIVE be worth now?

38 CLARK DRIVE might now be worth an estimated £249,310.

This is based on house price inflation of 51.1%, between November 2007 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 51.1% inflationary increase is applied to the most recent sale price for 38 CLARK DRIVE of £164,950 on 30th November 2007. For the value to have increased from £164,950 to £249,310 over the sixteen years and eleven months to December 2024, the following assumptions must hold true:

• The value of 38 CLARK DRIVE has moved in line with the HPI for detached houses in the Melton local authority area.
• The November 2007 sale price of £164,950 represented a fair market value for the property.
• The size, condition, and specification of 38 CLARK DRIVE has not materially changed since November 2007.

How Large is 38 CLARK DRIVE?

38 CLARK DRIVE is 78m² according to the EPC inspection conducted in September 2015. 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 38 CLARK DRIVE lies on this distribution: 12% of detached houses houses are smaller than 38 CLARK DRIVE, and 87% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

38 CLARK DRIVE: Plot and Title Map

38 CLARK DRIVE sits on a plot of roughly 0.049 of an acre, or 198m². The below map shows the location of 38 CLARK 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 38 CLARK 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 38 CLARK DRIVE?

38 CLARK DRIVE is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 38 on CLARK DRIVE.