1, LOWCROFT DRIVE, OADBY, LEICESTER, LE2 5UD - £201,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

1 LOWCROFT DRIVE is a very small detached house of 62m², built sometime between 1967 and 1975, which could now be worth an estimated £195,888. It was last sold for £201,000 in August 2024, which was around 51% below the average August 2024 detached price in the Oadby and Wigston local authority area. The most recent EPC inspection was April 2024, where the current energy rating was D, and the potential energy rating was B.

1 LOWCROFT DRIVE Sold Prices

Land registry data shows three sales for 1 LOWCROFT DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Oadby and Wigston local authority area for the corresponding sale date. All of the three 1 LOWCROFT DRIVE sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2024 29 AUG	£201,000	£410,925	51% below HPI
2006 4 JUL	£165,000	£244,835	33% below HPI
1996 25 OCT	£50,000	£87,154	43% below HPI

1 LOWCROFT DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Oadby and Wigston local authority area over time, sourced from the HPI. The three 1 LOWCROFT DRIVE sales between October 1996 and August 2024 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the July 2006 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the August 2024 sale, where it falls to 51% below the HPI. The line then continues to track at 51% below the HPI.

What might 1 LOWCROFT DRIVE be worth now?

1 LOWCROFT DRIVE might now be worth an estimated £195,888.

This is based on house price deflation of 2.5%, between August 2024 and December 2024, for detached houses, in the Oadby and Wigston local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 2.5% deflationary decrease is applied to the most recent sale price for 1 LOWCROFT DRIVE of £201,000 on 29th August 2024. For the value to have decreased from £201,000 to £195,888 over the eight months to December 2024, the following assumptions must hold true:

• The value of 1 LOWCROFT DRIVE has moved in line with the HPI for detached houses in the Oadby and Wigston local authority area.
• The August 2024 sale price of £201,000 represented a fair market value for the property.
• The size, condition, and specification of 1 LOWCROFT DRIVE has not materially changed since August 2024.

How Large is 1 LOWCROFT DRIVE?

1 LOWCROFT DRIVE is 62m² according to the EPC inspection conducted in April 2024. This puts it in the smallest 10% of detached houses houses in Oadby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Oadby, and where 1 LOWCROFT DRIVE lies on this distribution: 2% of detached houses houses are smaller than 1 LOWCROFT DRIVE, and 98% of houses are larger. Note that EPC data is not available for all properties in Oadby.

1 LOWCROFT DRIVE: Plot and Title Map

1 LOWCROFT DRIVE sits on a plot of roughly 0.079 of an acre, or 320m². The below map shows the location of 1 LOWCROFT DRIVE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 1 LOWCROFT DRIVE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 1 LOWCROFT DRIVE?

1 LOWCROFT DRIVE is located in OADBY, in the LE2 postcode district. The below map shows the position of No. 1 on LOWCROFT DRIVE.