78, GRANGE DRIVE, MELTON MOWBRAY, LE13 1HA - £150,500

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.

78 GRANGE DRIVE is a very small semi-detached house of 58m², built sometime between 1950 and 1966, which could now be worth an estimated £185,255. It was last sold for £150,500 in July 2019, which was around 23% below the average July 2019 semi-detached price in the Melton local authority area. The most recent EPC inspection was March 2019, where the current energy rating was D, and the potential energy rating was B.

78 GRANGE DRIVE Sold Prices

Land registry data shows two sales for 78 GRANGE DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Melton local authority area for the corresponding sale date. One of the two 78 GRANGE DRIVE sales was for below the average price, whilst the other was for above 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
2019 12 JUL	£150,500	£196,716	23% below HPI
1999 4 JUN	£59,950	£58,273	3% above HPI

78 GRANGE DRIVE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Melton local authority area over time, sourced from the HPI. The two 78 GRANGE DRIVE sales from June 1999 and July 2019 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 June 1999 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the July 2019 sale, where it falls to 23% below the HPI. The line then continues to track at 23% below the HPI.

What might 78 GRANGE DRIVE be worth now?

78 GRANGE DRIVE might now be worth an estimated £185,255.

This is based on house price inflation of 23.1%, between July 2019 and March 2025, for semi-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 23.1% inflationary increase is applied to the most recent sale price for 78 GRANGE DRIVE of £150,500 on 12th July 2019. For the value to have increased from £150,500 to £185,255 over the six years and four months to March 2025, the following assumptions must hold true:

• The value of 78 GRANGE DRIVE has moved in line with the HPI for semi-detached houses in the Melton local authority area.
• The July 2019 sale price of £150,500 represented a fair market value for the property.
• The size, condition, and specification of 78 GRANGE DRIVE has not materially changed since July 2019.

How Large is 78 GRANGE DRIVE?

78 GRANGE DRIVE is 58m² according to the EPC inspection conducted in March 2019. This puts it in the smallest 10% of semi-detached houses houses in Melton Mowbray, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Melton Mowbray, and where 78 GRANGE DRIVE lies on this distribution: 3% of semi-detached houses houses are smaller than 78 GRANGE DRIVE, and 97% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

78 GRANGE DRIVE: Plot and Title Map

78 GRANGE DRIVE sits on a plot of roughly 0.070 of an acre, or 283m². The below map shows the location of 78 GRANGE 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 78 GRANGE 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 78 GRANGE DRIVE?

78 GRANGE DRIVE is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 78 on GRANGE DRIVE.