41, ELGIN DRIVE, MELTON MOWBRAY, LE13 1TF - £174,950

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.

41 ELGIN DRIVE is a very small semi-detached house of 54m², built sometime between 1967 and 1975, which could now be worth an estimated £233,433. It was last sold for £174,950 in July 2017, which was around 5% below the average July 2017 semi-detached price in the Melton local authority area. The most recent EPC inspection was November 2015, where the current energy rating was E, and the potential energy rating was C.

41 ELGIN DRIVE Sold Prices

Land registry data shows four sales for 41 ELGIN DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Melton local authority area for the corresponding sale date. Most of the four 41 ELGIN 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
2017 27 JUL	£174,950	£183,805	5% below HPI
2016 12 FEB	£169,950	£167,903	1% above HPI
1997 19 DEC	£51,750	£56,672	9% below HPI
1996 8 NOV	£49,000	£53,820	9% below HPI

41 ELGIN 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 four 41 ELGIN DRIVE sales between November 1996 and July 2017 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 2016 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the July 2017 sale, where it falls to 5% below the HPI. The line then continues to track at 5% below the HPI.

What might 41 ELGIN DRIVE be worth now?

41 ELGIN DRIVE might now be worth an estimated £233,433.

This is based on house price inflation of 33.4%, between July 2017 and February 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 33.4% inflationary increase is applied to the most recent sale price for 41 ELGIN DRIVE of £174,950 on 27th July 2017. For the value to have increased from £174,950 to £233,433 over the eight years and five months to February 2025, the following assumptions must hold true:

• The value of 41 ELGIN DRIVE has moved in line with the HPI for semi-detached houses in the Melton local authority area.
• The July 2017 sale price of £174,950 represented a fair market value for the property.
• The size, condition, and specification of 41 ELGIN DRIVE has not materially changed since July 2017.

How Large is 41 ELGIN DRIVE?

41 ELGIN DRIVE is 54m² according to the EPC inspection conducted in November 2015. 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 41 ELGIN DRIVE lies on this distribution: 1% of semi-detached houses houses are smaller than 41 ELGIN DRIVE, and 99% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

41 ELGIN DRIVE: Plot and Title Map

41 ELGIN DRIVE sits on a plot of roughly 0.057 of an acre, or 230m². The below map shows the location of 41 ELGIN 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 41 ELGIN 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 41 ELGIN DRIVE?

41 ELGIN DRIVE is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 41 on ELGIN DRIVE.