7, LANCERS DRIVE, MELTON MOWBRAY, LE13 0SY - £175,000

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.

7 LANCERS DRIVE is a small detached house of 88m², built sometime between 2003 and 2006, which could now be worth an estimated £252,783. It was last sold for £175,000 in December 2015, which was around 37% below the average December 2015 detached price in the Melton local authority area. The most recent EPC inspection was October 2008, where the current energy rating was C, and the potential energy rating was C.

7 LANCERS DRIVE Sold Prices

Land registry data shows two sales for 7 LANCERS 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 7 LANCERS 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
2015 11 DEC	£175,000	£276,621	37% below HPI
2003 21 NOV	£132,500	£205,549	36% below HPI

7 LANCERS 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 LANCERS DRIVE sales from November 2003 and December 2015 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 November 2003 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the December 2015 sale, where it falls to 37% below the HPI. The line then continues to track at 37% below the HPI.

What might 7 LANCERS DRIVE be worth now?

7 LANCERS DRIVE might now be worth an estimated £252,783.

This is based on house price inflation of 44.4%, between December 2015 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 44.4% inflationary increase is applied to the most recent sale price for 7 LANCERS DRIVE of £175,000 on 11th December 2015. For the value to have increased from £175,000 to £252,783 over the ten years and ten months to February 2025, the following assumptions must hold true:

• The value of 7 LANCERS DRIVE has moved in line with the HPI for detached houses in the Melton local authority area.
• The December 2015 sale price of £175,000 represented a fair market value for the property.
• The size, condition, and specification of 7 LANCERS DRIVE has not materially changed since December 2015.

How Large is 7 LANCERS DRIVE?

7 LANCERS DRIVE is 88m² according to the EPC inspection conducted in October 2008. This puts it in the smallest 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 LANCERS DRIVE lies on this distribution: 25% of detached houses houses are smaller than 7 LANCERS DRIVE, and 75% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

7 LANCERS DRIVE: Plot and Title Map

7 LANCERS DRIVE sits on a plot of roughly 0.055 of an acre, or 222m². The below map shows the location of 7 LANCERS 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 LANCERS 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 LANCERS DRIVE?

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