3, THE DRIVE, BARWELL, LEICESTER, LE9 8LB - £112,500

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

3 THE DRIVE is a very small detached house of 65m², built sometime between 1983 and 1990. It was last sold for £112,500 in August 2014, which was around 53% below the average August 2014 detached price in the Hinckley and Bosworth local authority area. The most recent EPC inspection was November 2013, where the current energy rating was D, and the potential energy rating was B.

3 THE DRIVE Sold Prices

Land registry data shows three sales for 3 THE DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Hinckley and Bosworth local authority area for the corresponding sale date. All of the three 3 THE 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
2014 4 AUG	£112,500	£237,015	53% below HPI
2002 22 MAR	£74,000	£135,473	45% below HPI
2000 16 JUN	£63,000	£107,073	41% below HPI

3 THE 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 three 3 THE DRIVE sales between June 2000 and August 2014 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 March 2002 sale was for 45% below the HPI. So the extrapolation line tracks at 45% below the HPI over time, until the August 2014 sale, where it falls to 53% below the HPI. The line then continues to track at 53% below the HPI.

How Large is 3 THE DRIVE?

3 THE DRIVE is 65m² according to the EPC inspection conducted in November 2013. This puts it in the smallest 10% of detached houses in Barwell, based on EPC data. The below chart shows the distribution of detached houses by size in Barwell, and where 3 THE DRIVE lies on this distribution: 7% of detached houses are smaller than 3 THE DRIVE, and 92% of houses are larger. Note that EPC data is not available for all properties in Barwell.

3 THE DRIVE: Plot and Title Map

3 THE DRIVE sits on a plot of roughly 0.042 of an acre, or 168m². The below map shows the location of 3 THE 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 THE 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 THE DRIVE?

3 THE DRIVE is located in BARWELL, in the LE9 postcode district. The below map shows the position of No. 3 on THE DRIVE.