38, TRUEWAY DRIVE, SHEPSHED, LOUGHBOROUGH, LE12 9DU - £325,000

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

38 TRUEWAY DRIVE is a very large extended detached house of 140m², built sometime between 1976 and 1982. It was last sold for £325,000 in January 2020, which was around 3% below the average January 2020 detached price in the Charnwood local authority area. The most recent EPC inspection was September 2019, where the current energy rating was C, and the potential energy rating was B.

38 TRUEWAY DRIVE Sold Prices

Land registry data shows two sales for 38 TRUEWAY 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 Charnwood local authority area for the corresponding sale date. Both of the two 38 TRUEWAY 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
2020 31 JAN	£325,000	£335,631	3% below HPI
2003 4 DEC	£194,000	£210,833	8% below HPI

38 TRUEWAY DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Charnwood local authority area over time, sourced from the HPI. The two 38 TRUEWAY DRIVE sales from December 2003 and January 2020 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 December 2003 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the January 2020 sale, where it rises to 3% below the HPI. The line then continues to track at 3% below the HPI.

How Large is 38 TRUEWAY DRIVE?

38 TRUEWAY DRIVE is 140m², which includes one extension, according to the EPC inspection conducted in September 2019. This puts it in the largest 20% of detached houses in Shepshed, based on EPC data. The below chart shows the distribution of detached houses by size in Shepshed, and where 38 TRUEWAY DRIVE lies on this distribution: 83% of detached houses are smaller than 38 TRUEWAY DRIVE, and 16% of houses are larger. Note that EPC data is not available for all properties in Shepshed.

38 TRUEWAY DRIVE: Plot and Title Map

38 TRUEWAY DRIVE sits on a plot of roughly 0.139 of an acre, or 562m². The below map shows the location of 38 TRUEWAY 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 38 TRUEWAY 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 38 TRUEWAY DRIVE?

38 TRUEWAY DRIVE is located in SHEPSHED, in the LE12 postcode district. The below map shows the position of No. 38 on TRUEWAY DRIVE.