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

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

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 21% 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	£303,697	21% below HPI
2013 12 JUL	£169,950	£214,730	21% below HPI
2009 23 OCT	£165,000	£203,496	19% below HPI
2009 12 FEB	£169,000	£200,221	16% 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 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the November 2020 sale, which was also at 21% below the HPI.

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 in Ibstock, based on EPC data. The below chart shows the distribution of detached houses by size in Ibstock, and where 2 OAK DRIVE lies on this distribution: 26% of detached houses are smaller than 2 OAK DRIVE, and 74% 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.