1, EVEREST DRIVE, MELTON MOWBRAY, LE13 0SH - £212,500

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.

1 EVEREST DRIVE is a very small semi-detached house of 72m², built sometime between 1950 and 1966, which could now be worth an estimated £220,468. It was last sold for £212,500 in February 2022, which was around 3% below the average February 2022 semi-detached price in the Melton local authority area. The most recent EPC inspection was October 2021, where the current energy rating was E, and the potential energy rating was B.

1 EVEREST DRIVE Sold Prices

Land registry data shows two sales for 1 EVEREST 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. Both of the two 1 EVEREST 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 18 FEB	£212,500	£219,714	3% below HPI
2021 26 NOV	£203,216	£221,254	8% below HPI

1 EVEREST 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 1 EVEREST DRIVE sales from November 2021 and February 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 November 2021 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the February 2022 sale, where it rises to 3% below the HPI. The line then continues to track at 3% below the HPI.

What might 1 EVEREST DRIVE be worth now?

1 EVEREST DRIVE might now be worth an estimated £220,468.

This is based on house price inflation of 3.7%, between February 2022 and June 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 3.7% inflationary increase is applied to the most recent sale price for 1 EVEREST DRIVE of £212,500 on 18th February 2022. For the value to have increased from £212,500 to £220,468 over the two years and eight months to June 2025, the following assumptions must hold true:

• The value of 1 EVEREST DRIVE has moved in line with the HPI for semi-detached houses in the Melton local authority area.
• The February 2022 sale price of £212,500 represented a fair market value for the property.
• The size, condition, and specification of 1 EVEREST DRIVE has not materially changed since February 2022.

How Large is 1 EVEREST DRIVE?

1 EVEREST DRIVE is 72m² according to the EPC inspection conducted in October 2021. 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 1 EVEREST DRIVE lies on this distribution: 8% of semi-detached houses houses are smaller than 1 EVEREST DRIVE, and 92% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

1 EVEREST DRIVE: Plot and Title Map

1 EVEREST DRIVE sits on a plot of roughly 0.081 of an acre, or 326m². The below map shows the location of 1 EVEREST 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 1 EVEREST 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 1 EVEREST DRIVE?

1 EVEREST DRIVE is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 1 on EVEREST DRIVE.