5, MELTON DRIVE, TAVERHAM, NORWICH, NR8 6TT - £94,500

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

5 MELTON DRIVE is a large extended detached house of 137m², built sometime between 1991 and 1995, which could now be worth an estimated £483,967. It was last sold for £94,500 in June 1998, which was around 13% above the average June 1998 detached price in the Broadland local authority area. The most recent EPC inspection was April 2014, where the current energy rating was D, and the potential energy rating was C.

5 MELTON DRIVE Sold Prices

Land registry data shows two sales for 5 MELTON 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 Broadland local authority area for the corresponding sale date. Both of the two 5 MELTON DRIVE sales were 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
1998 26 JUN	£94,500	£83,826	13% above HPI
1995 20 OCT	£91,500	£75,425	21% above HPI

5 MELTON DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Broadland local authority area over time, sourced from the HPI. The two 5 MELTON DRIVE sales from October 1995 and June 1998 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 October 1995 sale was for 21% above the HPI. So the extrapolation line tracks at 21% above the HPI over time, until the June 1998 sale, where it falls to 13% above the HPI. The line then continues to track at 13% above the HPI.

What might 5 MELTON DRIVE be worth now?

5 MELTON DRIVE might now be worth an estimated £483,967.

This is based on house price inflation of 412.1%, between June 1998 and December 2024, for detached houses, in the Broadland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 412.1% inflationary increase is applied to the most recent sale price for 5 MELTON DRIVE of £94,500 on 26th June 1998. For the value to have increased from £94,500 to £483,967 over the 25 years and six months to December 2024, the following assumptions must hold true:

• The value of 5 MELTON DRIVE has moved in line with the HPI for detached houses in the Broadland local authority area.
• The June 1998 sale price of £94,500 represented a fair market value for the property.
• The size, condition, and specification of 5 MELTON DRIVE has not materially changed since June 1998.

How Large is 5 MELTON DRIVE?

5 MELTON DRIVE is 137m², which includes one extension, according to the EPC inspection conducted in April 2014. This puts it in the largest 30% of detached houses houses in Taverham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Taverham, and where 5 MELTON DRIVE lies on this distribution: 73% of detached houses houses are smaller than 5 MELTON DRIVE, and 26% of houses are larger. Note that EPC data is not available for all properties in Taverham.

5 MELTON DRIVE: Plot and Title Map

5 MELTON DRIVE sits on a plot of roughly 0.115 of an acre, or 466m². The below map shows the location of 5 MELTON 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 5 MELTON 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 5 MELTON DRIVE?

5 MELTON DRIVE is located in TAVERHAM, in the NR8 postcode district. The below map shows the position of No. 5 on MELTON DRIVE.