40, Elgin Drive
40, Elgin Drive
Description & Estimates
According to the public record, 40, Elgin Drive, Melton Mowbray is a freehold house that sits on a 200 m2 plot.
By comparing it to neighbours, we estimate that it is a mid-century house with 863 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 40, Elgin Drive, Melton Mowbray is £250,927 and the estimated rental value is £984 per month.
Elgin Drive, Melton Mowbray, LE13 is located in the borough of Melton within the LE13 postal district.
Our Data Sources
40, Elgin Drive, Melton Mowbray has a single entry in the Land Registry from February 2008 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
The local information is scored as 4 out of 5 and is considered of high accuracy.
Price Range & Condition
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 40, Elgin Drive, Melton Mowbray is in very good condition we estimate a sale value of £263,473 and a rental value of £1,033 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £233,362 and a rental value of £915 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of 40, Elgin Drive, Melton Mowbray has decreased by £4,560 (1.8%), while its estimated rental value has grown by £13 per month (1.3%). Based on current estimates, the property offers a gross rental yield of 4.7%.
Plot Size
According to data from HM Land Registry, 40, Elgin Drive, Melton Mowbray sits on a plot of 200 m2.
We have plot size data on 35 out of 35 other houses in the postcode and 40, Elgin Drive, Melton Mowbray sits on the 32nd largest plot.
Sold Prices
According to HM Land Registry, 40, Elgin Drive, Melton Mowbray was last sold on 8th February 2008 for £150,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since February 2008, the market for similar properties has risen by 23.9%.
- Sold Feb 2008£150,000
Similar Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 40, Elgin Drive, Melton Mowbray within a radius of 580 metres over the last 2 years.
The most recent example is 58, Elgin Drive, Melton Mowbray, LE13 1TG, a freehold house which sold for £245,000 on the 7th November 2024.
Read more about house prices in LE13.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Elgin Drive, Melton Mowbray, LE13 has a total of 60 addresses. According to our analysis of all the public data, 40, Elgin Drive, Melton Mowbray is the 26th largest and the 29th most expensive property on the street.
When compared to the postcode district it is £13k more expensive than the average property in LE13.
More reading links
Schools Nearby
- 700mBrownlow Primary School
- 700mThe Grove Primary School
- 1.1kmSaint Francis Catholic Primary School
- 1.3kmJohn Ferneley College
- 1.4kmLong Field Spencer Academy
- 14.3kmWreake Valley Academy
More reading links
Public Transport Nearby
The closest station to 40, Elgin Drive, Melton Mowbray is Melton Mowbray station, which is 900 metres away.
- 900mMelton Mowbray
- 14.8kmOakham
- 15.6kmSyston
Available Internet Speeds
According to recent data from Ofcom, ultrafast broadband is available in this area.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
Risk of Flooding
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
