3, OXFORD DRIVE, MELTON MOWBRAY, LE13 0AL - £425,000

3 OXFORD DRIVE is a very small detached house of 77m², built sometime between 1950 and 1966. It was last sold for £425,000 in April 2022, which was around 24% above the average April 2022 detached price in the Melton local authority area. The most recent EPC inspection was November 2018, where the current energy rating was F, and the potential energy rating was C.

3 OXFORD DRIVE Sold Prices

Land registry data shows two sales for 3 OXFORD 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. One of the two 3 OXFORD DRIVE sales was for above the average price, whilst the other was 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 14 APR	£425,000	£342,331	24% above HPI
2019 19 DEC	£230,000	£314,551	27% below HPI

3 OXFORD 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 3 OXFORD DRIVE sales from December 2019 and April 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 December 2019 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the April 2022 sale, where it rises to 24% above the HPI. The line then continues to track at 24% above the HPI.

How Large is 3 OXFORD DRIVE?

3 OXFORD DRIVE is 77m² according to the EPC inspection conducted in November 2018. This puts it in the smallest 20% 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 3 OXFORD DRIVE lies on this distribution: 12% of detached houses are smaller than 3 OXFORD DRIVE, and 88% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

3 OXFORD DRIVE: Plot and Title Map

3 OXFORD DRIVE sits on a plot of roughly 0.124 of an acre, or 502m². The below map shows the location of 3 OXFORD 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 3 OXFORD 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 3 OXFORD DRIVE?

3 OXFORD DRIVE is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 3 on OXFORD DRIVE.