39, NORFOLK DRIVE, MELTON MOWBRAY, LE13 0AZ - £109,950

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

39 NORFOLK DRIVE is a small detached house of 85m², built sometime between 1976 and 1982, which could now be worth an estimated £335,104. It was last sold for £109,950 in July 2001, which was around 16% below the average July 2001 detached price in the Melton local authority area. The most recent EPC inspection was July 2024, where the current energy rating was D, and the potential energy rating was B.

39 NORFOLK DRIVE Sold Prices

Land registry data shows two sales for 39 NORFOLK 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 39 NORFOLK 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
2001 6 JUL	£109,950	£130,630	16% below HPI
1996 14 AUG	£72,000	£86,409	17% below HPI

39 NORFOLK 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 39 NORFOLK DRIVE sales from August 1996 and July 2001 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 1996 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the July 2001 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might 39 NORFOLK DRIVE be worth now?

39 NORFOLK DRIVE might now be worth an estimated £335,104.

This is based on house price inflation of 204.8%, between July 2001 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 204.8% inflationary increase is applied to the most recent sale price for 39 NORFOLK DRIVE of £109,950 on 6th July 2001. For the value to have increased from £109,950 to £335,104 over the 22 years and seven months to December 2024, the following assumptions must hold true:

• The value of 39 NORFOLK DRIVE has moved in line with the HPI for detached houses in the Melton local authority area.
• The July 2001 sale price of £109,950 represented a fair market value for the property.
• The size, condition, and specification of 39 NORFOLK DRIVE has not materially changed since July 2001.

How Large is 39 NORFOLK DRIVE?

39 NORFOLK DRIVE is 85m² according to the EPC inspection conducted in July 2024. 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 39 NORFOLK DRIVE lies on this distribution: 20% of detached houses houses are smaller than 39 NORFOLK DRIVE, and 78% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

39 NORFOLK DRIVE: Plot and Title Map

39 NORFOLK DRIVE sits on a plot of roughly 0.098 of an acre, or 395m². The below map shows the location of 39 NORFOLK 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 39 NORFOLK 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 39 NORFOLK DRIVE?

39 NORFOLK DRIVE is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 39 on NORFOLK DRIVE.