9, SWALLOWS DRIVE, STATHERN, MELTON MOWBRAY, LE14 4ED - £278,000

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.

9 SWALLOWS DRIVE is a large extended detached house of 166m², built sometime between 1991 and 1995, which could now be worth an estimated £468,037. It was last sold for £278,000 in August 2011, which was around 17% above the average August 2011 detached price in the Melton local authority area. The most recent EPC inspection was March 2011, where the current energy rating was D, and the potential energy rating was C.

9 SWALLOWS DRIVE Sold Prices

Land registry data shows two sales for 9 SWALLOWS 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 SWALLOWS 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
2011 18 AUG	£278,000	£237,334	17% above HPI
1995 29 JUN	£95,000	£82,956	15% above HPI

9 SWALLOWS 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 SWALLOWS DRIVE sales from June 1995 and August 2011 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 1995 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the August 2011 sale, where it rises to 17% above the HPI. The line then continues to track at 17% above the HPI.

What might 9 SWALLOWS DRIVE be worth now?

9 SWALLOWS DRIVE might now be worth an estimated £468,037.

This is based on house price inflation of 68.4%, between August 2011 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 68.4% inflationary increase is applied to the most recent sale price for 9 SWALLOWS DRIVE of £278,000 on 18th August 2011. For the value to have increased from £278,000 to £468,037 over the fourteen years and six months to February 2025, the following assumptions must hold true:

• The value of 9 SWALLOWS DRIVE has moved in line with the HPI for detached houses in the Melton local authority area.
• The August 2011 sale price of £278,000 represented a fair market value for the property.
• The size, condition, and specification of 9 SWALLOWS DRIVE has not materially changed since August 2011.

How Large is 9 SWALLOWS DRIVE?

9 SWALLOWS DRIVE is 166m², which includes one extension, according to the EPC inspection conducted in March 2011. This puts it in the largest 30% of detached houses houses in Stathern, based on EPC data. The below chart shows the distribution of detached houses houses by size in Stathern, and where 9 SWALLOWS DRIVE lies on this distribution: 71% of detached houses houses are smaller than 9 SWALLOWS DRIVE, and 29% of houses are larger. Note that EPC data is not available for all properties in Stathern.

9 SWALLOWS DRIVE: Plot and Title Map

9 SWALLOWS DRIVE sits on a plot of roughly 0.152 of an acre, or 617m². The below map shows the location of 9 SWALLOWS 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 SWALLOWS 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 SWALLOWS DRIVE?

9 SWALLOWS DRIVE is located in STATHERN, in the LE14 postcode district. The below map shows the position of No. 9 on SWALLOWS DRIVE.