24, GRANGEFIELDS DRIVE, ROTHLEY, LEICESTER, LE7 7NB - £397,000

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.

24 GRANGEFIELDS DRIVE is a small detached house of 112m², built sometime between 1967 and 1975, which could now be worth an estimated £522,512. It was last sold for £397,000 in May 2018, which was around 26% above the average May 2018 detached price in the Charnwood local authority area. The most recent EPC inspection was May 2017, where the current energy rating was D, and the potential energy rating was A.

24 GRANGEFIELDS DRIVE Sold Prices

Land registry data shows two sales for 24 GRANGEFIELDS DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Charnwood local authority area for the corresponding sale date. Both of the two 24 GRANGEFIELDS DRIVE sales were for above 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
2018 24 MAY	£397,000	£316,241	26% above HPI
1999 9 APR	£123,000	£95,824	28% above HPI

24 GRANGEFIELDS DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Charnwood local authority area over time, sourced from the HPI. The two 24 GRANGEFIELDS DRIVE sales from April 1999 and May 2018 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 April 1999 sale was for 28% above the HPI. So the extrapolation line tracks at 28% above the HPI over time, until the May 2018 sale, where it falls to 26% above the HPI. The line then continues to track at 26% above the HPI.

What might 24 GRANGEFIELDS DRIVE be worth now?

24 GRANGEFIELDS DRIVE might now be worth an estimated £522,512.

This is based on house price inflation of 31.6%, between May 2018 and February 2025, for detached houses, in the Charnwood local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 31.6% inflationary increase is applied to the most recent sale price for 24 GRANGEFIELDS DRIVE of £397,000 on 24th May 2018. For the value to have increased from £397,000 to £522,512 over the seven years and three months to February 2025, the following assumptions must hold true:

• The value of 24 GRANGEFIELDS DRIVE has moved in line with the HPI for detached houses in the Charnwood local authority area.
• The May 2018 sale price of £397,000 represented a fair market value for the property.
• The size, condition, and specification of 24 GRANGEFIELDS DRIVE has not materially changed since May 2018.

How Large is 24 GRANGEFIELDS DRIVE?

24 GRANGEFIELDS DRIVE is 112m² according to the EPC inspection conducted in May 2017. This puts it in the smallest 40% of detached houses houses in Rothley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Rothley, and where 24 GRANGEFIELDS DRIVE lies on this distribution: 30% of detached houses houses are smaller than 24 GRANGEFIELDS DRIVE, and 69% of houses are larger. Note that EPC data is not available for all properties in Rothley.

24 GRANGEFIELDS DRIVE: Plot and Title Map

24 GRANGEFIELDS DRIVE sits on a plot of roughly 0.164 of an acre, or 664m². The below map shows the location of 24 GRANGEFIELDS 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 24 GRANGEFIELDS 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 24 GRANGEFIELDS DRIVE?

24 GRANGEFIELDS DRIVE is located in ROTHLEY, in the LE7 postcode district. The below map shows the position of No. 24 on GRANGEFIELDS DRIVE.