31, GILLBANK DRIVE, RATBY, LEICESTER, LE6 0NH - £200,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

31 GILLBANK DRIVE is a very small detached house of 65m², built sometime between 1976 and 1982, which could now be worth an estimated £266,239. It was last sold for £200,000 in July 2018, which was around 30% below the average July 2018 detached price in the Hinckley and Bosworth local authority area. The most recent EPC inspection was June 2013, where the current energy rating was D, and the potential energy rating was B.

31 GILLBANK DRIVE Sold Prices

Land registry data shows four sales for 31 GILLBANK 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 Hinckley and Bosworth local authority area for the corresponding sale date. All of the four 31 GILLBANK 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 27 JUL	£200,000	£286,812	30% below HPI
2013 8 NOV	£152,500	£210,743	28% below HPI
2012 6 FEB	£115,000	£201,789	43% below HPI
2001 1 JUN	£73,000	£111,724	35% below HPI

31 GILLBANK 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 four 31 GILLBANK DRIVE sales between June 2001 and July 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 November 2013 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the July 2018 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

What might 31 GILLBANK DRIVE be worth now?

31 GILLBANK DRIVE might now be worth an estimated £266,239.

This is based on house price inflation of 33.1%, between July 2018 and December 2024, 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 33.1% inflationary increase is applied to the most recent sale price for 31 GILLBANK DRIVE of £200,000 on 27th July 2018. For the value to have increased from £200,000 to £266,239 over the five years and seven months to December 2024, the following assumptions must hold true:

• The value of 31 GILLBANK DRIVE has moved in line with the HPI for detached houses in the Hinckley and Bosworth local authority area.
• The July 2018 sale price of £200,000 represented a fair market value for the property.
• The size, condition, and specification of 31 GILLBANK DRIVE has not materially changed since July 2018.

How Large is 31 GILLBANK DRIVE?

31 GILLBANK DRIVE is 65m² according to the EPC inspection conducted in June 2013. This puts it in the smallest 20% of detached houses houses in Ratby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ratby, and where 31 GILLBANK DRIVE lies on this distribution: 18% of detached houses houses are smaller than 31 GILLBANK DRIVE, and 81% of houses are larger. Note that EPC data is not available for all properties in Ratby.

31 GILLBANK DRIVE: Plot and Title Map

31 GILLBANK DRIVE sits on a plot of roughly 0.068 of an acre, or 276m². The below map shows the location of 31 GILLBANK 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 31 GILLBANK 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 31 GILLBANK DRIVE?

31 GILLBANK DRIVE is located in RATBY, in the LE6 postcode district. The below map shows the position of No. 31 on GILLBANK DRIVE.