7, CEDAR DRIVE, MELTON MOWBRAY, LE13 0PA - £328,000

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

7 CEDAR DRIVE is a large extended detached house of 133m², built sometime between 1983 and 1990. It was last sold for £328,000 in March 2021, which was about the average March 2021 detached price in the Melton local authority area. The most recent EPC inspection was January 2015, where the current energy rating was D, and the potential energy rating was C.

7 CEDAR DRIVE Sold Prices

Land registry data shows three sales for 7 CEDAR 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. The three 7 CEDAR DRIVE sales were a mix of roughly equal to the average price, and 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 22 MAR	£328,000	£328,652	Close to HPI
2015 3 JUL	£250,000	£266,236	6% below HPI
1998 12 JUN	£80,000	£92,566	14% below HPI

7 CEDAR 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 7 CEDAR DRIVE sales between June 1998 and March 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 July 2015 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the March 2021 sale, where it rises to roughly the same level as the HPI. The line then continues to track in line with the HPI.

How Large is 7 CEDAR DRIVE?

7 CEDAR DRIVE is 133m², which includes three extensions, according to the EPC inspection conducted in January 2015. This puts it in the largest 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 7 CEDAR DRIVE lies on this distribution: 74% of detached houses are smaller than 7 CEDAR DRIVE, and 25% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

7 CEDAR DRIVE: Plot and Title Map

7 CEDAR DRIVE sits on a plot of roughly 0.074 of an acre, or 298m². The below map shows the location of 7 CEDAR 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 7 CEDAR 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 7 CEDAR DRIVE?

7 CEDAR DRIVE is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 7 on CEDAR DRIVE.