24, HEATH DRIVE, COTTESMORE, OAKHAM, LE15 7DF - £265,000

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

24 HEATH DRIVE is a midsized extended detached house of 115m², built sometime between 1967 and 1975. It was last sold for £265,000 in June 2018, which was around 35% below the average June 2018 detached price in the Rutland local authority area. The most recent EPC inspection was April 2012, where the current energy rating was C, and the potential energy rating was C.

24 HEATH DRIVE Sold Prices

Land registry data shows two sales for 24 HEATH 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 Rutland local authority area for the corresponding sale date. Both of the two 24 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
2018 18 JUN	£265,000	£408,267	35% below HPI
2013 25 JAN	£186,000	£295,906	37% below HPI

24 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 two 24 HEATH DRIVE sales from January 2013 and June 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 January 2013 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the June 2018 sale, where it rises to 35% below the HPI. The line then continues to track at 35% below the HPI.

How Large is 24 HEATH DRIVE?

24 HEATH DRIVE is 115m², which includes three extensions, according to the EPC inspection conducted in April 2012. 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 24 HEATH DRIVE lies on this distribution: 56% of detached houses are smaller than 24 HEATH DRIVE, and 44% of houses are larger. Note that EPC data is not available for all properties in Cottesmore.

24 HEATH DRIVE: Plot and Title Map

24 HEATH DRIVE sits on a plot of roughly 0.119 of an acre, or 483m². The below map shows the location of 24 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 24 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 24 HEATH DRIVE?

24 HEATH DRIVE is located in COTTESMORE, in the LE15 postcode district. The below map shows the position of No. 24 on HEATH DRIVE.