42, GRANGE DRIVE, MELTON MOWBRAY, LE13 1EY - £175,000

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

42 GRANGE DRIVE is a very small detached house of 59m², built sometime between 1967 and 1975. It was last sold for £175,000 in February 2021, which was around 48% below the average February 2021 detached price in the Melton local authority area. The most recent EPC inspection was May 2019, where the current energy rating was D, and the potential energy rating was B.

42 GRANGE DRIVE Sold Prices

Land registry data shows three sales for 42 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 42 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
2021 26 FEB	£175,000	£338,788	48% below HPI
2005 4 NOV	£164,950	£227,193	27% below HPI
2003 29 JUL	£105,000	£197,082	47% below HPI

42 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 42 GRANGE DRIVE sales between July 2003 and February 2021 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 November 2005 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the February 2021 sale, where it falls to 48% below the HPI. The line then continues to track at 48% below the HPI.

How Large is 42 GRANGE DRIVE?

42 GRANGE DRIVE is 59m² according to the EPC inspection conducted in May 2019. 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 42 GRANGE DRIVE lies on this distribution: 3% of detached houses are smaller than 42 GRANGE DRIVE, and 97% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

42 GRANGE DRIVE: Plot and Title Map

42 GRANGE DRIVE sits on a plot of roughly 0.075 of an acre, or 304m². The below map shows the location of 42 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 42 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 42 GRANGE DRIVE?

42 GRANGE DRIVE is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 42 on GRANGE DRIVE.