3, Medway Drive
3, Medway Drive
Description & Estimates
3, Medway Drive, Melton Mowbray is described in the public record as a mid-century house with 861 ft2 of internal area, sitting on a 321 m2 plot.
Locally, houses of this size normally have 3 bedrooms with a garden.
Our estimate of the sale value of 3, Medway Drive, Melton Mowbray is £251,437 and its rental estimate is £986 per month, given the available information and assuming reasonable condition.
Medway Drive, Melton Mowbray, LE13 falls within the LE13 postal district, in the borough of Melton.
Our Data Sources
3, Medway Drive, Melton Mowbray has no records in the the Land Registry and a single entry in the EPC database dated August 2014.
We combine this information with public data of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 out of 5 and is considered of medium accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 3, Medway Drive, Melton Mowbray, we estimate a market value of £264,009 and a rental value of £1,035 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £233,836 and £917 per month respectively.
Recent Market Change
Over the last year, 3, Medway Drive, Melton Mowbray has seen its estimated sale value move down by £4,570 (1.8%) and its estimated rental value increase by £13 per month (1.3%). This results in an estimated gross rental yield of 4.7%.
Plot Size
HM Land Registry records the plot of land for 3, Medway Drive, Melton Mowbray as measuring 321 m2.
That makes it the 6th largest plot in the postcode, where 10 of the 11 other houses have recorded plot data.
Energy Efficiency
3, Medway Drive, Melton Mowbray has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 23 Aug 2014.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 3, Medway Drive, Melton Mowbray have sold within a radius of 580 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 6th December 2024, was 46, Tamar Road, Melton Mowbray, LE13 0DR, a freehold house which sold for £215,000.
Read more about house prices in LE13.
- Sold Dec 2024£215,000 | 3 Bed House46, Tamar Road, Melton Mowbray, LE13 0DR46, Tamar Road, Melton Mowbray, LE13 0DR
- Sold Feb 2024£296,000 | 3 Bed House3, Tweed Drive, Melton Mowbray, LE13 0UZ3, Tweed Drive, Melton Mowbray, LE13 0UZ
- Sold Oct 2018£216,000 | 3 Bed House42, Tamar Road, Melton Mowbray, LE13 0DR42, Tamar Road, Melton Mowbray, LE13 0DR
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 11 addresses on Medway Drive, Melton Mowbray, LE13, 3, Medway Drive, Melton Mowbray comes out as the 3rd largest and the 4th most expensive in our analysis of the public data.
It is also £13k more expensive than the average property across the LE13 district.
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Schools Nearby
- 400mSaint Francis Catholic Primary School
- 500mSwallowdale Primary School and Community Centre
- 1.2kmThe Grove Primary School
- 700mLong Field Spencer Academy
- 2.8kmJohn Ferneley College
- 13.2kmWreake Valley Academy
More reading links
Public Transport Nearby
From 3, Medway Drive, Melton Mowbray, the nearest station is Melton Mowbray, 700 metres away.
- 700mMelton Mowbray
- 14.2kmOakham
- 14.5kmSyston
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
