7, FALDO DRIVE, MELTON MOWBRAY, LE13 1RH - £242,500

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

7 FALDO DRIVE is a large detached house of 122m², built sometime between 1991 and 1995. It was last sold for £242,500 in March 2013, which was around 2% above the average March 2013 detached price in the Melton local authority area. The most recent EPC inspection was August 2012, where the current energy rating was E, and the potential energy rating was C.

7 FALDO DRIVE Sold Prices

Land registry data shows two sales for 7 FALDO 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. One of the two 7 FALDO DRIVE sales was for above the average price, whilst the other was 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
2013 18 MAR	£242,500	£238,897	2% above HPI
2004 6 FEB	£194,950	£209,002	7% below HPI

7 FALDO 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 7 FALDO DRIVE sales from February 2004 and March 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 February 2004 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the March 2013 sale, where it rises to 2% above the HPI. The line then continues to track at 2% above the HPI.

What might 7 FALDO DRIVE be worth now?

7 FALDO DRIVE might now be worth an estimated £404,137.

This is based on house price inflation of 66.7%, between March 2013 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 66.7% inflationary increase is applied to the most recent sale price for 7 FALDO DRIVE of £242,500 on 18th March 2013. For the value to have increased from £242,500 to £404,137 over the ten years and three months to December 2024, the following assumptions must hold true:

• The value of 7 FALDO DRIVE has moved in line with the HPI for detached houses in the Melton local authority area.
• The March 2013 sale price of £242,500 represented a fair market value for the property.
• The size, condition, and specification of 7 FALDO DRIVE has not materially changed since March 2013.

How Large is 7 FALDO DRIVE?

7 FALDO DRIVE is 122m² according to the EPC inspection conducted in August 2012. This puts it in the largest 40% 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 FALDO DRIVE lies on this distribution: 65% of detached houses houses are smaller than 7 FALDO DRIVE, and 34% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

7 FALDO DRIVE: Plot and Title Map

7 FALDO DRIVE sits on a plot of roughly 0.090 of an acre, or 363m². The below map shows the location of 7 FALDO 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 FALDO 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 FALDO DRIVE?

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