3, GREYS DRIVE, GROBY, LEICESTER, LE6 0YW - £350,000

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.

3 GREYS DRIVE is a large extended detached house of 125m², built sometime between 1996 and 2002, which could now be worth an estimated £545,160. It was last sold for £350,000 in August 2016, which was around 42% above the average August 2016 detached price in the Hinckley and Bosworth local authority area. The most recent EPC inspection was June 2016, where the current energy rating was C, and the potential energy rating was B.

3 GREYS DRIVE Sold Prices

Land registry data shows two sales for 3 GREYS 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 Hinckley and Bosworth local authority area for the corresponding sale date. Both of the two 3 GREYS 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
2016 19 AUG	£350,000	£246,209	42% above HPI
2006 25 AUG	£274,500	£214,735	28% above HPI

3 GREYS DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Hinckley and Bosworth local authority area over time, sourced from the HPI. The two 3 GREYS DRIVE sales from August 2006 and August 2016 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 28% above the HPI. So the extrapolation line tracks at 28% above the HPI over time, until the August 2016 sale, where it rises to 42% above the HPI. The line then continues to track at 42% above the HPI.

What might 3 GREYS DRIVE be worth now?

3 GREYS DRIVE might now be worth an estimated £545,160.

This is based on house price inflation of 55.8%, between August 2016 and March 2025, for detached houses, in the Hinckley and Bosworth local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 55.8% inflationary increase is applied to the most recent sale price for 3 GREYS DRIVE of £350,000 on 19th August 2016. For the value to have increased from £350,000 to £545,160 over the nine years and five months to March 2025, the following assumptions must hold true:

• The value of 3 GREYS DRIVE has moved in line with the HPI for detached houses in the Hinckley and Bosworth local authority area.
• The August 2016 sale price of £350,000 represented a fair market value for the property.
• The size, condition, and specification of 3 GREYS DRIVE has not materially changed since August 2016.

How Large is 3 GREYS DRIVE?

3 GREYS DRIVE is 125m², which includes one extension, according to the EPC inspection conducted in June 2016. This puts it in the largest 40% of detached houses houses in Groby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Groby, and where 3 GREYS DRIVE lies on this distribution: 68% of detached houses houses are smaller than 3 GREYS DRIVE, and 31% of houses are larger. Note that EPC data is not available for all properties in Groby.

3 GREYS DRIVE: Plot and Title Map

3 GREYS DRIVE sits on a plot of roughly 0.158 of an acre, or 641m². The below map shows the location of 3 GREYS 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 3 GREYS 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 3 GREYS DRIVE?

3 GREYS DRIVE is located in GROBY, in the LE6 postcode district. The below map shows the position of No. 3 on GREYS DRIVE.