49, Princess Drive
49, Princess Drive
Description & Estimates
49, Princess Drive, Melton Mowbray is recorded publicly as a mid-century freehold house across 764 ft2 of internal area, sitting on a 164 m2 plot.
Locally, houses of this size normally have 3 bedrooms with a garden.
Our estimate of the sale value of 49, Princess Drive, Melton Mowbray is £144,729 and its rental estimate is £724 per month, given the available information and assuming reasonable condition.
Princess Drive, Melton Mowbray, LE13 falls within the LE13 postal district, in the borough of Melton.
Our Data Sources
49, Princess Drive, Melton Mowbray has 31 entries in the Land Registry , most recently in December 2015 and a single entry in the EPC database dated August 2015.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 out of 5 and is considered of high 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 49, Princess Drive, Melton Mowbray, we estimate a market value of £151,966 and a rental value of £761 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £134,598 and £674 per month respectively.
Recent Market Change
Over the last year, 49, Princess Drive, Melton Mowbray has seen its estimated sale value drop by £2,630 (1.8%) and its estimated rental value rise by £9 per month (1.3%). This results in an estimated gross rental yield of 6.0%.
Plot Size
HM Land Registry records the plot of land for 49, Princess Drive, Melton Mowbray as measuring 164 m2.
That makes it the 29th largest plot in the postcode, where 30 of the 45 other houses have recorded plot data.
Energy Efficiency
49, Princess Drive, Melton Mowbray has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 28 Aug 2015.
The property is connected to mains gas and has fully double glazed windows. It is heated using Electric storage heaters.
Sold Prices
The most recent sale of 49, Princess Drive, Melton Mowbray completed on 11th December 2015 at £115,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold 3 times.
Values of comparable properties have risen by 56.8% over the period since December 2015.
- Sold Dec 2015£115,000
- Sold Jul 2004£95,000
- Sold Mar 2003£73,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 49, Princess Drive, Melton Mowbray have sold within a radius of 800 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 22nd February 2024, was 84, Princess Drive, Melton Mowbray, LE13 0DL, a freehold house which sold for £155,000.
Read more about house prices in LE13.
- Sold Feb 2024£155,000 | 3 Bed House84, Princess Drive, Melton Mowbray, LE13 0DL84, Princess Drive, Melton Mowbray, LE13 0DL
- Sold Sep 2023£150,000 | 3 Bed House67, Princess Drive, Melton Mowbray, LE13 0DL67, Princess Drive, Melton Mowbray, LE13 0DL
- Sold Aug 2023£167,000 | 3 Bed House48, Queensway, Melton Mowbray, LE13 0DN48, Queensway, Melton Mowbray, LE13 0DN
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 99 addresses on Princess Drive, Melton Mowbray, LE13, 49, Princess Drive, Melton Mowbray comes out as the 79th largest and the 92nd most expensive in our analysis of the public data.
It is also £93k less expensive than the average property across the LE13 district.
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Schools Nearby
- 500mSwallowdale Primary School and Community Centre
- 1.0kmSherard Primary School
- 1.2kmSaint Francis Catholic Primary School
- 1.6kmLong Field Spencer Academy
- 3.5kmJohn Ferneley College
- 13.1kmCatmose College
More reading links
Public Transport Nearby
From 49, Princess Drive, Melton Mowbray, the nearest station is Melton Mowbray, 1.2 kilometres away.
- 1.2kmMelton Mowbray
- 13.3kmOakham
- 14.6kmSyston
Available Internet Speeds
Broadband here reaches ultrafast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
