12, THE DRIVE, OAKLEY, BASINGSTOKE, RG23 7DA - £546,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

12 THE DRIVE is a small detached house of 102m², built sometime between 1967 and 1975. It was last sold for £546,000 in April 2023, which was around 11% below the average April 2023 detached price in the Basingstoke and Deane local authority area. The most recent EPC inspection was April 2016, where the current energy rating was E, and the potential energy rating was C.

12 THE DRIVE Sold Prices

Land registry data shows three sales for 12 THE 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 Basingstoke and Deane local authority area for the corresponding sale date. All of the three 12 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
2023 20 APR	£546,000	£614,383	11% below HPI
2016 4 AUG	£428,000	£501,047	15% below HPI
1997 7 FEB	£49,000	£131,633	63% below HPI

12 THE DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Basingstoke and Deane local authority area over time, sourced from the HPI. The three 12 THE DRIVE sales between February 1997 and April 2023 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 August 2016 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the April 2023 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is 12 THE DRIVE?

12 THE DRIVE is 102m² according to the EPC inspection conducted in April 2016. This puts it in the smallest 30% of detached houses in Oakley, based on EPC data. The below chart shows the distribution of detached houses by size in Oakley, and where 12 THE DRIVE lies on this distribution: 29% of detached houses are smaller than 12 THE DRIVE, and 70% of houses are larger. Note that EPC data is not available for all properties in Oakley.

12 THE DRIVE: Plot and Title Map

12 THE DRIVE sits on a plot of roughly 0.192 of an acre, or 775m². The below map shows the location of 12 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 12 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 12 THE DRIVE?

12 THE DRIVE is located in OAKLEY, in the RG23 postcode district. The below map shows the position of No. 12 on THE DRIVE.