1, THE DRIVE, PETERBOROUGH, PE3 6AJ - £335,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

1 THE DRIVE is a large detached house of 136m², built sometime between 1976 and 1982, which could now be worth an estimated £352,403. It was last sold for £335,000 in May 2022, which was around 5% below the average May 2022 detached price in the City of Peterborough local authority area. The most recent EPC inspection was March 2022, where the current energy rating was C, and the potential energy rating was B.

1 THE DRIVE Sold Prices

Land registry data shows two sales for 1 THE 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 City of Peterborough local authority area for the corresponding sale date. One of the two 1 THE DRIVE sales was for below the average price, whilst the other was for above 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 30 MAY	£335,000	£354,251	5% below HPI
2004 21 OCT	£234,000	£204,204	15% above HPI

1 THE DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the City of Peterborough local authority area over time, sourced from the HPI. The two 1 THE DRIVE sales from October 2004 and May 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 October 2004 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the May 2022 sale, where it falls to 5% below the HPI. The line then continues to track at 5% below the HPI.

What might 1 THE DRIVE be worth now?

1 THE DRIVE might now be worth an estimated £352,403.

This is based on house price inflation of 5.2%, between May 2022 and February 2025, for detached houses, in the City of Peterborough local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 5.2% inflationary increase is applied to the most recent sale price for 1 THE DRIVE of £335,000 on 30th May 2022. For the value to have increased from £335,000 to £352,403 over the three years and three months to February 2025, the following assumptions must hold true:

• The value of 1 THE DRIVE has moved in line with the HPI for detached houses in the City of Peterborough local authority area.
• The May 2022 sale price of £335,000 represented a fair market value for the property.
• The size, condition, and specification of 1 THE DRIVE has not materially changed since May 2022.

How Large is 1 THE DRIVE?

1 THE DRIVE is 136m² according to the EPC inspection conducted in March 2022. This puts it in the largest 30% of detached houses houses in Peterborough, based on EPC data. The below chart shows the distribution of detached houses houses by size in Peterborough, and where 1 THE DRIVE lies on this distribution: 71% of detached houses houses are smaller than 1 THE DRIVE, and 28% of houses are larger. Note that EPC data is not available for all properties in Peterborough.

1 THE DRIVE: Plot and Title Map

1 THE DRIVE sits on a plot of roughly 0.085 of an acre, or 342m². 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 PETERBOROUGH, in the PE3 postcode district. The below map shows the position of No. 1 on THE DRIVE.