8, GREBE DRIVE, MELTON MOWBRAY, LE13 1FP - £325,000

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

8 GREBE DRIVE is a midsized detached house of 107m², built in 2019. It was last sold for £325,000 in November 2022, which was around 15% below the average November 2022 detached price in the Melton local authority area. The most recent EPC inspection was November 2021, where the current energy rating was B, and the potential energy rating was A.

8 GREBE DRIVE Sold Prices

Land registry data shows two sales for 8 GREBE 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 8 GREBE 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
2022 30 NOV	£325,000	£383,993	15% below HPI
2022 21 JAN	£305,000	£350,484	13% below HPI

8 GREBE 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 8 GREBE DRIVE sales from January 2022 and November 2022 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 January 2022 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the November 2022 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is 8 GREBE DRIVE?

8 GREBE DRIVE is 107m² according to the EPC inspection conducted in November 2021. This puts it in the smallest 50% 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 8 GREBE DRIVE lies on this distribution: 48% of detached houses are smaller than 8 GREBE DRIVE, and 51% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

8 GREBE DRIVE: Plot and Title Map

8 GREBE DRIVE sits on a plot of roughly 0.107 of an acre, or 432m². The below map shows the location of 8 GREBE 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 8 GREBE 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 8 GREBE DRIVE?

8 GREBE DRIVE is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 8 on GREBE DRIVE.