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

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

18 HEATH DRIVE is a midsized extended detached house of 118m², built sometime between 1967 and 1975. It was last sold for £225,000 in September 2009, which was around 17% below the average September 2009 detached price in the Rutland local authority area. The most recent EPC inspection was June 2009, where the current energy rating was C, and the potential energy rating was C.

18 HEATH DRIVE Sold Prices

Land registry data shows four sales for 18 HEATH DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Rutland local authority area for the corresponding sale date. All of the four 18 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
2009 15 SEP	£225,000	£269,530	17% below HPI
2006 15 AUG	£217,500	£273,656	21% below HPI
2003 18 DEC	£190,000	£231,197	18% below HPI
2002 20 JUN	£145,000	£189,413	23% below HPI

18 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 four 18 HEATH DRIVE sales between June 2002 and September 2009 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 2006 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the September 2009 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is 18 HEATH DRIVE?

18 HEATH DRIVE is 118m², which includes one extension, according to the EPC inspection conducted in June 2009. This puts it in the largest 50% of detached houses in Cottesmore, based on EPC data. The below chart shows the distribution of detached houses by size in Cottesmore, and where 18 HEATH DRIVE lies on this distribution: 59% of detached houses are smaller than 18 HEATH DRIVE, and 41% of houses are larger. Note that EPC data is not available for all properties in Cottesmore.

18 HEATH DRIVE: Plot and Title Map

18 HEATH DRIVE sits on a plot of roughly 0.172 of an acre, or 695m². The below map shows the location of 18 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 18 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 18 HEATH DRIVE?

18 HEATH DRIVE is located in COTTESMORE, in the LE15 postcode district. The below map shows the position of No. 18 on HEATH DRIVE.