1, MELBOURNE DRIVE, MELTON MOWBRAY, LE13 0JA - £232,000

1 MELBOURNE DRIVE is a very small detached house of 71m², built sometime between 1950 and 1966. It was last sold for £232,000 in December 2018, which was around 24% below the average December 2018 detached price in the Melton local authority area. The most recent EPC inspection was October 2008, where the current energy rating was D, and the potential energy rating was D.

1 MELBOURNE DRIVE Sold Prices

Land registry data shows two sales for 1 MELBOURNE 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 1 MELBOURNE 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
2018 4 DEC	£232,000	£304,027	24% below HPI
2002 28 FEB	£99,000	£139,360	29% below HPI

1 MELBOURNE 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 1 MELBOURNE DRIVE sales from February 2002 and December 2018 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 2002 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the December 2018 sale, where it rises to 24% below the HPI. The line then continues to track at 24% below the HPI.

How Large is 1 MELBOURNE DRIVE?

1 MELBOURNE DRIVE is 71m² according to the EPC inspection conducted in October 2008. This puts it in the smallest 10% 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 1 MELBOURNE DRIVE lies on this distribution: 8% of detached houses are smaller than 1 MELBOURNE DRIVE, and 92% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

1 MELBOURNE DRIVE: Plot and Title Map

1 MELBOURNE DRIVE sits on a plot of roughly 0.079 of an acre, or 320m². The below map shows the location of 1 MELBOURNE 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 MELBOURNE 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 MELBOURNE DRIVE?

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