5, LANCERS DRIVE, MELTON MOWBRAY, LE13 0SY - £185,000

5 LANCERS DRIVE is a midsized detached house of 114m², built sometime between 2003 and 2006. It was last sold for £185,000 in April 2011, which was around 19% below the average April 2011 detached price in the Melton local authority area. The most recent EPC inspection was May 2010, where the current energy rating was C, and the potential energy rating was C.

5 LANCERS DRIVE Sold Prices

Land registry data shows three sales for 5 LANCERS DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Melton local authority area for the corresponding sale date. Two of the three 5 LANCERS DRIVE sales were for below the average price, whilst one was for above 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
2011 15 APR	£185,000	£228,656	19% below HPI
2005 29 JUL	£215,000	£220,417	2% below HPI
2004 23 JAN	£199,995	£198,274	1% above HPI

5 LANCERS 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 three 5 LANCERS DRIVE sales between January 2004 and April 2011 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 July 2005 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the April 2011 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is 5 LANCERS DRIVE?

5 LANCERS DRIVE is 114m² according to the EPC inspection conducted in May 2010. This puts it in the largest 50% 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 5 LANCERS DRIVE lies on this distribution: 56% of detached houses are smaller than 5 LANCERS DRIVE, and 44% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

5 LANCERS DRIVE: Plot and Title Map

5 LANCERS DRIVE sits on a plot of roughly 0.063 of an acre, or 254m². The below map shows the location of 5 LANCERS 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 5 LANCERS 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 5 LANCERS DRIVE?

5 LANCERS DRIVE is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 5 on LANCERS DRIVE.