40, GRANGE DRIVE, MELTON MOWBRAY, LE13 1EY - £158,500

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.

40 GRANGE DRIVE is a very small detached house of 74m², built sometime between 1967 and 1975, which could now be worth an estimated £268,679. It was last sold for £158,500 in February 2013, which was around 33% below the average February 2013 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 C.

40 GRANGE DRIVE Sold Prices

Land registry data shows three sales for 40 GRANGE 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 40 GRANGE 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
2013 22 FEB	£158,500	£235,717	33% below HPI
2007 27 APR	£153,500	£252,881	39% below HPI
2002 28 JUN	£77,995	£159,288	51% below HPI

40 GRANGE 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 40 GRANGE DRIVE sales between June 2002 and February 2013 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 2007 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the February 2013 sale, where it rises to 33% below the HPI. The line then continues to track at 33% below the HPI.

What might 40 GRANGE DRIVE be worth now?

40 GRANGE DRIVE might now be worth an estimated £268,679.

This is based on house price inflation of 69.5%, between February 2013 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 69.5% inflationary increase is applied to the most recent sale price for 40 GRANGE DRIVE of £158,500 on 22nd February 2013. For the value to have increased from £158,500 to £268,679 over the twelve years to February 2025, the following assumptions must hold true:

• The value of 40 GRANGE DRIVE has moved in line with the HPI for detached houses in the Melton local authority area.
• The February 2013 sale price of £158,500 represented a fair market value for the property.
• The size, condition, and specification of 40 GRANGE DRIVE has not materially changed since February 2013.

How Large is 40 GRANGE DRIVE?

40 GRANGE DRIVE is 74m² according to the EPC inspection conducted in July 2024. This puts it in the smallest 10% 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 40 GRANGE DRIVE lies on this distribution: 9% of detached houses houses are smaller than 40 GRANGE DRIVE, and 91% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

40 GRANGE DRIVE: Plot and Title Map

40 GRANGE DRIVE sits on a plot of roughly 0.076 of an acre, or 307m². The below map shows the location of 40 GRANGE 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 40 GRANGE 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 40 GRANGE DRIVE?

40 GRANGE DRIVE is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 40 on GRANGE DRIVE.