12, CHERRY TREE DRIVE, BARWELL, LEICESTER, LE9 8LQ - £290,000

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.

12 CHERRY TREE DRIVE is a large extended detached house of 113m², built sometime between 1991 and 1995, which could now be worth an estimated £306,095. It was last sold for £290,000 in February 2022, which was around 20% below the average February 2022 detached price in the Hinckley and Bosworth local authority area. The most recent EPC inspection was July 2021, where the current energy rating was D, and the potential energy rating was B.

12 CHERRY TREE DRIVE Sold Prices

Land registry data shows three sales for 12 CHERRY TREE 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 Hinckley and Bosworth local authority area for the corresponding sale date. All of the three 12 CHERRY TREE 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 18 FEB	£290,000	£361,011	20% below HPI
2013 24 MAY	£178,000	£202,171	12% below HPI
1996 19 APR	£59,950	£69,404	14% below HPI

12 CHERRY TREE 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 three 12 CHERRY TREE DRIVE sales between April 1996 and February 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 May 2013 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the February 2022 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might 12 CHERRY TREE DRIVE be worth now?

12 CHERRY TREE DRIVE might now be worth an estimated £306,095.

This is based on house price inflation of 5.5%, between February 2022 and February 2025, for detached houses, in the Hinckley and Bosworth local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 5.5% inflationary increase is applied to the most recent sale price for 12 CHERRY TREE DRIVE of £290,000 on 18th February 2022. For the value to have increased from £290,000 to £306,095 over the three years to February 2025, the following assumptions must hold true:

• The value of 12 CHERRY TREE DRIVE has moved in line with the HPI for detached houses in the Hinckley and Bosworth local authority area.
• The February 2022 sale price of £290,000 represented a fair market value for the property.
• The size, condition, and specification of 12 CHERRY TREE DRIVE has not materially changed since February 2022.

How Large is 12 CHERRY TREE DRIVE?

12 CHERRY TREE DRIVE is 113m², which includes one extension, according to the EPC inspection conducted in July 2021. This puts it in the largest 30% of detached houses houses in Barwell, based on EPC data. The below chart shows the distribution of detached houses houses by size in Barwell, and where 12 CHERRY TREE DRIVE lies on this distribution: 69% of detached houses houses are smaller than 12 CHERRY TREE DRIVE, and 29% of houses are larger. Note that EPC data is not available for all properties in Barwell.

12 CHERRY TREE DRIVE: Plot and Title Map

12 CHERRY TREE DRIVE sits on a plot of roughly 0.077 of an acre, or 310m². The below map shows the location of 12 CHERRY TREE 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 12 CHERRY TREE 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 12 CHERRY TREE DRIVE?

12 CHERRY TREE DRIVE is located in BARWELL, in the LE9 postcode district. The below map shows the position of No. 12 on CHERRY TREE DRIVE.