41, NORFOLK DRIVE, MELTON MOWBRAY, LE13 0AZ - £332,500

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

41 NORFOLK DRIVE is a small detached house of 85m², built sometime between 1967 and 1975. It was last sold for £332,500 in September 2023, which was around 12% below the average September 2023 detached price in the Melton local authority area. The most recent EPC inspection was January 2023, where the current energy rating was E, and the potential energy rating was B.

41 NORFOLK DRIVE Sold Prices

Land registry data shows two sales for 41 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. One of the two 41 NORFOLK DRIVE sales was for below the average price, whilst the other was for above 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
2023 28 SEP	£332,500	£378,287	12% below HPI
1995 10 FEB	£75,500	£73,859	2% above HPI

41 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 41 NORFOLK DRIVE sales from February 1995 and September 2023 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 February 1995 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the September 2023 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

How Large is 41 NORFOLK DRIVE?

41 NORFOLK DRIVE is 85m² according to the EPC inspection conducted in January 2023. This puts it in the smallest 30% 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 41 NORFOLK DRIVE lies on this distribution: 20% of detached houses are smaller than 41 NORFOLK DRIVE, and 79% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

41 NORFOLK DRIVE: Plot and Title Map

41 NORFOLK DRIVE sits on a plot of roughly 0.103 of an acre, or 416m². The below map shows the location of 41 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 41 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 41 NORFOLK DRIVE?

41 NORFOLK DRIVE is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 41 on NORFOLK DRIVE.