5, WORCESTER DRIVE, MELTON MOWBRAY, LE13 0AT - £227,500

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.

5 WORCESTER DRIVE is a very large detached house of 150m², built sometime between 1976 and 1982, which could now be worth an estimated £376,747. It was last sold for £227,500 in September 2013, which was around 6% below the average September 2013 detached price in the Melton local authority area. The most recent EPC inspection was February 2010, where the current energy rating was E, and the potential energy rating was C.

5 WORCESTER DRIVE Sold Prices

Land registry data shows three sales for 5 WORCESTER 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. Two of the three 5 WORCESTER DRIVE sales were for below the average price, whilst one 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
2013 30 SEP	£227,500	£241,283	6% below HPI
2007 15 JUN	£245,500	£256,182	4% below HPI
1997 23 MAY	£98,000	£87,726	12% above HPI

5 WORCESTER 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 5 WORCESTER DRIVE sales between May 1997 and September 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 June 2007 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the September 2013 sale, where it falls to 6% below the HPI. The line then continues to track at 6% below the HPI.

What might 5 WORCESTER DRIVE be worth now?

5 WORCESTER DRIVE might now be worth an estimated £376,747.

This is based on house price inflation of 65.6%, between September 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 65.6% inflationary increase is applied to the most recent sale price for 5 WORCESTER DRIVE of £227,500 on 30th September 2013. For the value to have increased from £227,500 to £376,747 over the twelve years and seven months to February 2025, the following assumptions must hold true:

• The value of 5 WORCESTER DRIVE has moved in line with the HPI for detached houses in the Melton local authority area.
• The September 2013 sale price of £227,500 represented a fair market value for the property.
• The size, condition, and specification of 5 WORCESTER DRIVE has not materially changed since September 2013.

How Large is 5 WORCESTER DRIVE?

5 WORCESTER DRIVE is 150m² according to the EPC inspection conducted in February 2010. This puts it in the largest 20% 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 5 WORCESTER DRIVE lies on this distribution: 85% of detached houses houses are smaller than 5 WORCESTER DRIVE, and 15% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

5 WORCESTER DRIVE: Plot and Title Map

5 WORCESTER DRIVE sits on a plot of roughly 0.124 of an acre, or 501m². The below map shows the location of 5 WORCESTER 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 WORCESTER 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 WORCESTER DRIVE?

5 WORCESTER DRIVE is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 5 on WORCESTER DRIVE.