3, THAMES DRIVE, MELTON MOWBRAY, LE13 0DS - £138,000

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.

3 THAMES DRIVE is a small extended semi-detached house of 88m², built sometime between 1976 and 1982, which could now be worth an estimated £244,961. It was last sold for £138,000 in August 2009, which was around 1% above the average August 2009 semi-detached price in the Melton local authority area. The most recent EPC inspection was July 2009, where the current energy rating was D, and the potential energy rating was C.

3 THAMES DRIVE Sold Prices

Land registry data shows two sales for 3 THAMES 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. One of the two 3 THAMES 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
2009 21 AUG	£138,000	£136,413	1% above HPI
2009 6 AUG	£135,000	£136,413	1% below HPI

3 THAMES 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 3 THAMES DRIVE sales from August 2009 and August 2009 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 August 2009 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the August 2009 sale, where it rises to 1% above the HPI. The line then continues to track at 1% above the HPI.

What might 3 THAMES DRIVE be worth now?

3 THAMES DRIVE might now be worth an estimated £244,961.

This is based on house price inflation of 77.5%, between August 2009 and March 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 77.5% inflationary increase is applied to the most recent sale price for 3 THAMES DRIVE of £138,000 on 21st August 2009. For the value to have increased from £138,000 to £244,961 over the sixteen years and five months to March 2025, the following assumptions must hold true:

• The value of 3 THAMES DRIVE has moved in line with the HPI for semi-detached houses in the Melton local authority area.
• The August 2009 sale price of £138,000 represented a fair market value for the property.
• The size, condition, and specification of 3 THAMES DRIVE has not materially changed since August 2009.

How Large is 3 THAMES DRIVE?

3 THAMES DRIVE is 88m², which includes one extension, according to the EPC inspection conducted in July 2009. This puts it in the smallest 30% 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 3 THAMES DRIVE lies on this distribution: 25% of semi-detached houses houses are smaller than 3 THAMES DRIVE, and 75% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

3 THAMES DRIVE: Plot and Title Map

3 THAMES DRIVE sits on a plot of roughly 0.054 of an acre, or 220m². The below map shows the location of 3 THAMES 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 THAMES 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 THAMES DRIVE?

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