9, LANCERS DRIVE, MELTON MOWBRAY, LE13 0SY - £335,000

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

9 LANCERS DRIVE is a very large detached house of 163m², built sometime between 2003 and 2006. It was last sold for £335,000 in February 2017, which was around 10% above the average February 2017 detached price in the Melton local authority area. The most recent EPC inspection was May 2016, where the current energy rating was C, and the potential energy rating was B.

9 LANCERS DRIVE Sold Prices

Land registry data shows two sales for 9 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 9 LANCERS DRIVE sales were 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
2017 13 FEB	£335,000	£305,738	10% above HPI
2004 6 FEB	£247,995	£209,002	19% above HPI

9 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 9 LANCERS DRIVE sales from February 2004 and February 2017 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 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the February 2017 sale, where it falls to 10% above the HPI. The line then continues to track at 10% above the HPI.

What might 9 LANCERS DRIVE be worth now?

9 LANCERS DRIVE might now be worth an estimated £436,237.

This is based on house price inflation of 30.2%, between February 2017 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 30.2% inflationary increase is applied to the most recent sale price for 9 LANCERS DRIVE of £335,000 on 13th February 2017. For the value to have increased from £335,000 to £436,237 over the six years and two months to December 2024, the following assumptions must hold true:

• The value of 9 LANCERS DRIVE has moved in line with the HPI for detached houses in the Melton local authority area.
• The February 2017 sale price of £335,000 represented a fair market value for the property.
• The size, condition, and specification of 9 LANCERS DRIVE has not materially changed since February 2017.

How Large is 9 LANCERS DRIVE?

9 LANCERS DRIVE is 163m² according to the EPC inspection conducted in May 2016. This puts it in the largest 20% 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 9 LANCERS DRIVE lies on this distribution: 89% of detached houses houses are smaller than 9 LANCERS DRIVE, and 11% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

9 LANCERS DRIVE: Plot and Title Map

9 LANCERS DRIVE sits on a plot of roughly 0.092 of an acre, or 373m². The below map shows the location of 9 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 9 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 9 LANCERS DRIVE?

9 LANCERS DRIVE is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 9 on LANCERS DRIVE.