8, Melbourne Drive
8, Melbourne Drive
Description & Estimates
Public records show 8, Melbourne Drive, Melton Mowbray to be an early-century freehold house with 925 ft2 of internal area, sitting on a 445 m2 plot.
In this area, houses of this size normally have 3 bedrooms with a garden.
8, Melbourne Drive, Melton Mowbray has an estimated sale value of £256,075 and an estimated rental value of £1,017 per month, assuming reasonable condition and based on the information available.
Melbourne Drive, Melton Mowbray, LE13 lies in the borough of Melton, within the LE13 postal district.
Our Data Sources
8, Melbourne Drive, Melton Mowbray has a single entry in the Land Registry from January 2014 and a single entry in the EPC database dated September 2013.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 out of 5 and is considered of medium accuracy.
Price Range & Condition
In very good condition, we estimate 8, Melbourne Drive, Melton Mowbray would be worth £268,879, with a potential rental value of £1,068 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £238,150, with a rental value of £946 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 8, Melbourne Drive, Melton Mowbray has declined by £4,654 (1.8%) over the last year. During the same period, its estimated monthly rental value has climbed by £13 (1.3%). The property's estimated gross yield is currently 4.8%.
Plot Size
8, Melbourne Drive, Melton Mowbray occupies a 445 m2 plot as recorded by HM Land Registry.
Of the 14 other houses in this postcode, 12 have recorded plot sizes, and this one ranks as the 6th largest.
Energy Efficiency
8, Melbourne Drive, Melton Mowbray has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 06 Sep 2013.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
8, Melbourne Drive, Melton Mowbray last changed hands on 2nd January 2014, selling for £140,000. The transaction was logged as a freehold house by HM Land Registry.
That is its only recorded sale since 1995.
The market for similar properties has risen by 59.8% since January 2014.
- Sold Jan 2014£140,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 830 metres of 8, Melbourne Drive, Melton Mowbray across the last 2 years.
Most recently, 151, Asfordby Road, Melton Mowbray, LE13 0HW, a freehold house, sold at £190,000 on the 16th December 2022.
Read more about house prices in LE13.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Our analysis of the public data ranks 8, Melbourne Drive, Melton Mowbray as the 6th largest and the 8th most expensive of the 14 addresses on Melbourne Drive, Melton Mowbray, LE13.
Against the LE13 postcode district average, it is £18k more expensive than the typical property.
More reading links
Schools Nearby
- 500mThe Grove Primary School
- 1.1kmSaint Francis Catholic Primary School
- 1.5kmAsfordby Hill Primary School
- 600mLong Field Spencer Academy
- 2.0kmJohn Ferneley College
- 13.1kmWreake Valley Academy
More reading links
Public Transport Nearby
Melton Mowbray station is the nearest stop to 8, Melbourne Drive, Melton Mowbray at 1.3 kilometres away.
- 1.3kmMelton Mowbray
- 14.4kmSyston
- 14.4kmSileby
Available Internet Speeds
Ofcom's latest figures show superfast broadband available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
