31, THE DRIVE, OAKLEY, BASINGSTOKE, RG23 7BA - £630,000

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.

31 THE DRIVE is a small extended detached house of 104m², built sometime between 1967 and 1975, which could now be worth an estimated £734,099. It was last sold for £630,000 in February 2021, which was around 15% above the average February 2021 detached price in the Basingstoke and Deane local authority area. The most recent EPC inspection was June 2013, where the current energy rating was C, and the potential energy rating was B.

31 THE DRIVE Sold Prices

Land registry data shows three sales for 31 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 Basingstoke and Deane local authority area for the corresponding sale date. One of the three 31 THE DRIVE sales was for above the average price, whilst two 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
2021 8 FEB	£630,000	£549,345	15% above HPI
2013 12 AUG	£329,000	£395,333	17% below HPI
2001 2 JUL	£195,000	£244,555	20% below HPI

31 THE DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Basingstoke and Deane local authority area over time, sourced from the HPI. The three 31 THE DRIVE sales between July 2001 and February 2021 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 2013 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the February 2021 sale, where it rises to 15% above the HPI. The line then continues to track at 15% above the HPI.

What might 31 THE DRIVE be worth now?

31 THE DRIVE might now be worth an estimated £734,099.

This is based on house price inflation of 16.5%, between February 2021 and February 2025, for detached houses, in the Basingstoke and Deane local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 16.5% inflationary increase is applied to the most recent sale price for 31 THE DRIVE of £630,000 on 8th February 2021. For the value to have increased from £630,000 to £734,099 over the four years to February 2025, the following assumptions must hold true:

• The value of 31 THE DRIVE has moved in line with the HPI for detached houses in the Basingstoke and Deane local authority area.
• The February 2021 sale price of £630,000 represented a fair market value for the property.
• The size, condition, and specification of 31 THE DRIVE has not materially changed since February 2021.

How Large is 31 THE DRIVE?

31 THE DRIVE is 104m², which includes one extension, according to the EPC inspection conducted in June 2013. This puts it in the smallest 40% of detached houses houses in Oakley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Oakley, and where 31 THE DRIVE lies on this distribution: 32% of detached houses houses are smaller than 31 THE DRIVE, and 68% of houses are larger. Note that EPC data is not available for all properties in Oakley.

31 THE DRIVE: Plot and Title Map

31 THE DRIVE sits on a plot of roughly 0.122 of an acre, or 494m². The below map shows the location of 31 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 31 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 31 THE DRIVE?

31 THE DRIVE is located in OAKLEY, in the RG23 postcode district. The below map shows the position of No. 31 on THE DRIVE.