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

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

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 around 4% below 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. All of the three 7 CEDAR 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 22 MAR	£328,000	£340,880	4% below HPI
2015 3 JUL	£250,000	£276,142	9% below HPI
1998 12 JUN	£80,000	£96,010	17% 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 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the March 2021 sale, where it rises to 4% below the HPI. The line then continues to track at 4% below the HPI.

What might 7 CEDAR DRIVE be worth now?

7 CEDAR DRIVE might now be worth an estimated £383,089.

This is based on house price inflation of 16.8%, between March 2021 and December 2024, 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 16.8% inflationary increase is applied to the most recent sale price for 7 CEDAR DRIVE of £328,000 on 22nd March 2021. For the value to have increased from £328,000 to £383,089 over the two years and three months to December 2024, the following assumptions must hold true:

• The value of 7 CEDAR DRIVE has moved in line with the HPI for detached houses in the Melton local authority area.
• The March 2021 sale price of £328,000 represented a fair market value for the property.
• The size, condition, and specification of 7 CEDAR DRIVE has not materially changed since March 2021.

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 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 7 CEDAR DRIVE lies on this distribution: 75% of detached houses houses are smaller than 7 CEDAR DRIVE, and 24% 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.