1, THE DRIVE, BARWELL, LEICESTER, LE9 8LB - £240,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 THE DRIVE is a very small detached house of 70m², built sometime between 1991 and 1995. It was last sold for £240,000 in March 2022, which was around 37% below the average March 2022 detached price in the Hinckley and Bosworth local authority area. The most recent EPC inspection was November 2021, where the current energy rating was D, and the potential energy rating was B.

1 THE DRIVE Sold Prices

Land registry data shows five sales for 1 THE DRIVE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Hinckley and Bosworth local authority area for the corresponding sale date. All of the five 1 THE 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
2022 25 MAR	£240,000	£380,666	37% below HPI
2003 19 SEP	£125,000	£184,784	32% below HPI
2001 23 NOV	£73,000	£127,256	43% below HPI
2000 5 MAY	£63,000	£105,219	40% below HPI
1998 24 APR	£47,000	£83,437	44% below HPI

1 THE DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Hinckley and Bosworth local authority area over time, sourced from the HPI. The five 1 THE DRIVE sales between April 1998 and March 2022 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 September 2003 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the March 2022 sale, where it falls to 37% below the HPI. The line then continues to track at 37% below the HPI.

How Large is 1 THE DRIVE?

1 THE DRIVE is 70m² according to the EPC inspection conducted in November 2021. This puts it in the smallest 20% of detached houses in Barwell, based on EPC data. The below chart shows the distribution of detached houses by size in Barwell, and where 1 THE DRIVE lies on this distribution: 12% of detached houses are smaller than 1 THE DRIVE, and 88% of houses are larger. Note that EPC data is not available for all properties in Barwell.

1 THE DRIVE: Plot and Title Map

1 THE DRIVE sits on a plot of roughly 0.060 of an acre, or 243m². The below map shows the location of 1 THE 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 THE 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 THE DRIVE?

1 THE DRIVE is located in BARWELL, in the LE9 postcode district. The below map shows the position of No. 1 on THE DRIVE.