53, DISCOVERY DRIVE, MELTON MOWBRAY, LE13 1NJ - £260,000

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

53 DISCOVERY DRIVE is a small detached house of 88m². It was last sold for £260,000 in May 2022, which was around 25% below the average May 2022 detached price in the Melton local authority area. The most recent EPC inspection was August 2017, where the current energy rating was B, and the potential energy rating was A.

53 DISCOVERY DRIVE Sold Prices

Land registry data shows two sales for 53 DISCOVERY 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. Both of the two 53 DISCOVERY 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
2022 6 MAY	£260,000	£347,990	25% below HPI
2017 31 AUG	£214,995	£296,129	27% below HPI

53 DISCOVERY 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 53 DISCOVERY DRIVE sales from August 2017 and May 2022 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 August 2017 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the May 2022 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 53 DISCOVERY DRIVE?

53 DISCOVERY DRIVE is 88m² according to the EPC inspection conducted in August 2017. 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 53 DISCOVERY DRIVE lies on this distribution: 25% of detached houses are smaller than 53 DISCOVERY DRIVE, and 74% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

53 DISCOVERY DRIVE: Plot and Title Map

53 DISCOVERY DRIVE sits on a plot of roughly 0.087 of an acre, or 350m². The below map shows the location of 53 DISCOVERY 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 53 DISCOVERY 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 53 DISCOVERY DRIVE?

53 DISCOVERY DRIVE is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 53 on DISCOVERY DRIVE.