12, HEATH DRIVE, COTTESMORE, OAKHAM, LE15 7DF - £225,000

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 HEATH DRIVE is a very small detached house of 67m², built sometime between 1950 and 1966, which could now be worth an estimated £295,810. It was last sold for £225,000 in October 2016, which was around 39% below the average October 2016 detached price in the Rutland local authority area. The most recent EPC inspection was April 2013, where the current energy rating was C, and the potential energy rating was B.

12 HEATH DRIVE Sold Prices

Land registry data shows three sales for 12 HEATH 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 Rutland local authority area for the corresponding sale date. All of the three 12 HEATH 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
2016 28 OCT	£225,000	£370,053	39% below HPI
2013 8 OCT	£180,000	£294,519	39% below HPI
2012 24 OCT	£128,500	£286,029	55% below HPI

12 HEATH DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Rutland local authority area over time, sourced from the HPI. The three 12 HEATH DRIVE sales between October 2012 and October 2016 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 2013 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the October 2016 sale, which was also at 39% below the HPI.

What might 12 HEATH DRIVE be worth now?

12 HEATH DRIVE might now be worth an estimated £295,810.

This is based on house price inflation of 31.5%, between October 2016 and February 2025, for detached houses, in the Rutland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 31.5% inflationary increase is applied to the most recent sale price for 12 HEATH DRIVE of £225,000 on 28th October 2016. For the value to have increased from £225,000 to £295,810 over the nine years and eight months to February 2025, the following assumptions must hold true:

• The value of 12 HEATH DRIVE has moved in line with the HPI for detached houses in the Rutland local authority area.
• The October 2016 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of 12 HEATH DRIVE has not materially changed since October 2016.

How Large is 12 HEATH DRIVE?

12 HEATH DRIVE is 67m² according to the EPC inspection conducted in April 2013. This puts it in the smallest 10% of detached houses houses in Cottesmore, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cottesmore, and where 12 HEATH DRIVE lies on this distribution: 3% of detached houses houses are smaller than 12 HEATH DRIVE, and 95% of houses are larger. Note that EPC data is not available for all properties in Cottesmore.

12 HEATH DRIVE: Plot and Title Map

12 HEATH DRIVE sits on a plot of roughly 0.086 of an acre, or 347m². The below map shows the location of 12 HEATH 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 HEATH 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 HEATH DRIVE?

12 HEATH DRIVE is located in COTTESMORE, in the LE15 postcode district. The below map shows the position of No. 12 on HEATH DRIVE.