54, Elgin Drive
54, Elgin Drive
Description & Estimates
The public record lists 54, Elgin Drive, Melton Mowbray as a freehold house sitting on a 392 m2 plot.
Comparison with its neighbours suggests a mid-century house with 1,261 ft2 of internal area and a garden.
In this area, houses of this size normally have 4 bedrooms.
54, Elgin Drive, Melton Mowbray has an estimated sale value of £314,196 and an estimated rental value of £1,141 per month, assuming reasonable condition and based on the information available.
Elgin Drive, Melton Mowbray, LE13 lies in the borough of Melton, within the LE13 postal district.
Our Data Sources
54, Elgin Drive, Melton Mowbray has 2 entries in the Land Registry , most recently in July 2010 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
In very good condition, we estimate 54, Elgin Drive, Melton Mowbray would be worth £329,906, with a potential rental value of £1,198 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £292,203, with a rental value of £1,061 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of 54, Elgin Drive, Melton Mowbray has decreased by £633 (0.2%) over the last year. During the same period, its estimated monthly rental value has grown by £35 (3.0%). The property's estimated gross yield is currently 4.4%.
Plot Size
54, Elgin Drive, Melton Mowbray occupies a 392 m2 plot as recorded by HM Land Registry.
All 35 other houses in this postcode have recorded plot sizes, and this one ranks as the 2nd largest.
Sold Prices
54, Elgin Drive, Melton Mowbray last changed hands on 5th July 2010, selling for £190,000. The transaction was logged as a freehold house by HM Land Registry.
In total it has sold twice since 1995.
The market for similar properties has risen by 63.3% since July 2010.
- Sold Jul 2010£190,000
- Sold Jun 2007£130,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 570 metres of 54, Elgin Drive, Melton Mowbray across the last 2 years.
Most recently, 34, Elgin Drive, Melton Mowbray, LE13 1TG, a freehold house, sold at £268,000 on the 28th February 2025.
Read more about house prices in LE13.
- Sold Feb 2025£268,000 | 3 Bed House34, Elgin Drive, Melton Mowbray, LE13 1TG34, Elgin Drive, Melton Mowbray, LE13 1TG
- Sold Feb 2025£315,000 | 4 Bed House55, Laycock Avenue, Melton Mowbray, LE13 1TL55, Laycock Avenue, Melton Mowbray, LE13 1TL
- Sold Jan 2023£365,000 | 4 Bed House40, Laycock Avenue, Melton Mowbray, LE13 1TL40, Laycock Avenue, Melton Mowbray, LE13 1TL
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Our analysis of the public data ranks 54, Elgin Drive, Melton Mowbray as the 4th largest and the 4th most expensive of the 60 addresses on Elgin Drive, Melton Mowbray, LE13.
Against the LE13 postcode district average, it is £76k more expensive than the typical property.
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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
Melton Mowbray station is the nearest stop to 54, Elgin Drive, Melton Mowbray at 900 metres away.
- 900mMelton Mowbray
- 14.8kmOakham
- 15.6kmSyston
Available Internet Speeds
Ofcom's latest figures show ultrafast broadband available in this area.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
