2, OAK DRIVE, IBSTOCK, LE67 6HY - £240,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

2 OAK DRIVE is a small extended detached house of 94m², built sometime between 1976 and 1982. It was last sold for £240,000 in November 2020, which was around 25% below the average November 2020 detached price in the North West Leicestershire local authority area. The most recent EPC inspection was July 2020, where the current energy rating was C, and the potential energy rating was B.

2 OAK DRIVE Sold Prices

Land registry data shows four sales for 2 OAK 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 North West Leicestershire local authority area for the corresponding sale date. All of the four 2 OAK 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
2020 30 NOV	£240,000	£322,051	25% below HPI
2013 12 JUL	£169,950	£227,708	25% below HPI
2009 23 OCT	£165,000	£215,795	24% below HPI
2009 12 FEB	£169,000	£212,321	20% below HPI

2 OAK DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North West Leicestershire local authority area over time, sourced from the HPI. The four 2 OAK DRIVE sales between February 2009 and November 2020 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 July 2013 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the November 2020 sale, which was also at 25% below the HPI.

What might 2 OAK DRIVE be worth now?

2 OAK DRIVE might now be worth an estimated £292,758.

This is based on house price inflation of 22%, between November 2020 and December 2024, for detached houses, in the North West Leicestershire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 22% inflationary increase is applied to the most recent sale price for 2 OAK DRIVE of £240,000 on 30th November 2020. For the value to have increased from £240,000 to £292,758 over the three years and eleven months to December 2024, the following assumptions must hold true:

• The value of 2 OAK DRIVE has moved in line with the HPI for detached houses in the North West Leicestershire local authority area.
• The November 2020 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of 2 OAK DRIVE has not materially changed since November 2020.

How Large is 2 OAK DRIVE?

2 OAK DRIVE is 94m², which includes one extension, according to the EPC inspection conducted in July 2020. This puts it in the smallest 30% of detached houses houses in Ibstock, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ibstock, and where 2 OAK DRIVE lies on this distribution: 26% of detached houses houses are smaller than 2 OAK DRIVE, and 73% of houses are larger. Note that EPC data is not available for all properties in Ibstock.

2 OAK DRIVE: Plot and Title Map

2 OAK DRIVE sits on a plot of roughly 0.091 of an acre, or 368m². The below map shows the location of 2 OAK 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 2 OAK 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 2 OAK DRIVE?

2 OAK DRIVE is located in IBSTOCK, in the LE67 postcode district. The below map shows the position of No. 2 on OAK DRIVE.