1, SPRINGWELL DRIVE, COUNTESTHORPE, LEICESTER, LE8 5SR - £340,000

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 SPRINGWELL DRIVE is a very small extended detached house of 84m², built sometime between 1950 and 1966, which could now be worth an estimated £337,625. It was last sold for £340,000 in March 2024, which was around 13% below the average March 2024 detached price in the Blaby local authority area. The most recent EPC inspection was September 2016, where the current energy rating was D, and the potential energy rating was B.

1 SPRINGWELL DRIVE Sold Prices

Land registry data shows two sales for 1 SPRINGWELL DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Blaby local authority area for the corresponding sale date. Both of the two 1 SPRINGWELL 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 8 MAR	£340,000	£392,998	13% below HPI
2016 25 NOV	£225,000	£272,061	17% below HPI

1 SPRINGWELL DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Blaby local authority area over time, sourced from the HPI. The two 1 SPRINGWELL DRIVE sales from November 2016 and March 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 November 2016 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the March 2024 sale, where it rises to 13% below the HPI. The line then continues to track at 13% below the HPI.

What might 1 SPRINGWELL DRIVE be worth now?

1 SPRINGWELL DRIVE might now be worth an estimated £337,625.

This is based on house price deflation of 0.7%, between March 2024 and February 2025, for detached houses, in the Blaby local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 0.7% deflationary decrease is applied to the most recent sale price for 1 SPRINGWELL DRIVE of £340,000 on 8th March 2024. For the value to have decreased from £340,000 to £337,625 over the one year and one month to February 2025, the following assumptions must hold true:

• The value of 1 SPRINGWELL DRIVE has moved in line with the HPI for detached houses in the Blaby local authority area.
• The March 2024 sale price of £340,000 represented a fair market value for the property.
• The size, condition, and specification of 1 SPRINGWELL DRIVE has not materially changed since March 2024.

How Large is 1 SPRINGWELL DRIVE?

1 SPRINGWELL DRIVE is 84m², which includes one extension, according to the EPC inspection conducted in September 2016. This puts it in the smallest 20% of detached houses houses in Countesthorpe, based on EPC data. The below chart shows the distribution of detached houses houses by size in Countesthorpe, and where 1 SPRINGWELL DRIVE lies on this distribution: 15% of detached houses houses are smaller than 1 SPRINGWELL DRIVE, and 85% of houses are larger. Note that EPC data is not available for all properties in Countesthorpe.

1 SPRINGWELL DRIVE: Plot and Title Map

1 SPRINGWELL DRIVE sits on a plot of roughly 0.067 of an acre, or 272m². The below map shows the location of 1 SPRINGWELL 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 SPRINGWELL 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 SPRINGWELL DRIVE?

1 SPRINGWELL DRIVE is located in COUNTESTHORPE, in the LE8 postcode district. The below map shows the position of No. 1 on SPRINGWELL DRIVE.