8, THE DRIVE, MELTON MOWBRAY, LE13 0BT - £207,000

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.

8 THE DRIVE is a midsized extended detached house of 113m², built sometime between 1950 and 1966, which could now be worth an estimated £332,201. It was last sold for £207,000 in May 2007, which was around 17% below the average May 2007 detached price in the Melton local authority area. The most recent EPC inspection was September 2024, where the current energy rating was C, and the potential energy rating was B.

8 THE DRIVE Sold Prices

Land registry data shows two sales for 8 THE 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 THE 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
2007 25 MAY	£207,000	£248,980	17% below HPI
2004 12 AUG	£170,000	£231,296	27% below HPI

8 THE 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 THE DRIVE sales from August 2004 and May 2007 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 August 2004 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the May 2007 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 8 THE DRIVE be worth now?

8 THE DRIVE might now be worth an estimated £332,201.

This is based on house price inflation of 60.5%, between May 2007 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 60.5% inflationary increase is applied to the most recent sale price for 8 THE DRIVE of £207,000 on 25th May 2007. For the value to have increased from £207,000 to £332,201 over the eighteen years and three months to February 2025, the following assumptions must hold true:

• The value of 8 THE DRIVE has moved in line with the HPI for detached houses in the Melton local authority area.
• The May 2007 sale price of £207,000 represented a fair market value for the property.
• The size, condition, and specification of 8 THE DRIVE has not materially changed since May 2007.

How Large is 8 THE DRIVE?

8 THE DRIVE is 113m², which includes one extension, according to the EPC inspection conducted in September 2024. This puts it in the largest 50% 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 8 THE DRIVE lies on this distribution: 54% of detached houses houses are smaller than 8 THE DRIVE, and 45% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

8 THE DRIVE: Plot and Title Map

8 THE DRIVE sits on a plot of roughly 0.079 of an acre, or 319m². The below map shows the location of 8 THE 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 THE 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 THE DRIVE?

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