52, ELGIN DRIVE, MELTON MOWBRAY, LE13 1TG - £235,000

52 ELGIN DRIVE is a very small detached house of 73m², built sometime between 1950 and 1966. It was last sold for £235,000 in December 2019, which was around 25% below the average December 2019 detached price in the Melton local authority area. The most recent EPC inspection was January 2019, where the current energy rating was C, and the potential energy rating was B.

52 ELGIN DRIVE Sold Prices

Land registry data shows two sales for 52 ELGIN 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 52 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
2019 16 DEC	£235,000	£314,551	25% below HPI
2015 29 JUL	£164,500	£266,236	38% below HPI

52 ELGIN 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 52 ELGIN DRIVE sales from July 2015 and December 2019 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 2015 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the December 2019 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 52 ELGIN DRIVE?

52 ELGIN DRIVE is 73m² according to the EPC inspection conducted in January 2019. 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 52 ELGIN DRIVE lies on this distribution: 9% of detached houses are smaller than 52 ELGIN DRIVE, and 91% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

52 ELGIN DRIVE: Plot and Title Map

52 ELGIN DRIVE sits on a plot of roughly 0.061 of an acre, or 246m². The below map shows the location of 52 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 52 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 52 ELGIN DRIVE?

52 ELGIN DRIVE is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 52 on ELGIN DRIVE.