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

Based on the June 2024 Price Paid Data (released on 26 July 2024), the May 2024 House Price Index (released on 17 July 2024), and the June 2024 Energy Performance of Buildings Data (released on 25 July 2024). Sources

40 GRANGE DRIVE is a very small detached house of 58m², built sometime between 1950 and 1966. It was last sold for £158,500 in February 2013, which was around 30% below the average February 2013 detached price in the Melton local authority area. The most recent EPC inspection was October 2012, where the current energy rating was D, and the potential energy rating was B.

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	£227,261	30% below HPI
2007 27 APR	£153,500	£243,809	37% below HPI
2002 28 JUN	£77,995	£153,574	49% 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 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the February 2013 sale, where it rises to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is 40 GRANGE DRIVE?

40 GRANGE DRIVE is 58m² according to the EPC inspection conducted in October 2012. This puts it in the smallest 10% 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 40 GRANGE DRIVE lies on this distribution: 3% of detached houses are smaller than 40 GRANGE DRIVE, and 97% 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.