4, GILLBANK DRIVE, RATBY, LEICESTER, LE6 0NH - £220,000

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.

4 GILLBANK DRIVE is a very small extended semi-detached house of 68m², built sometime between 1976 and 1982, which could now be worth an estimated £226,635. It was last sold for £220,000 in June 2024, which was around 9% below the average June 2024 semi-detached price in the Hinckley and Bosworth local authority area. The most recent EPC inspection was October 2021, where the current energy rating was D, and the potential energy rating was B.

4 GILLBANK DRIVE Sold Prices

Land registry data shows two sales for 4 GILLBANK DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Hinckley and Bosworth local authority area for the corresponding sale date. Both of the two 4 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
2024 28 JUN	£220,000	£242,011	9% below HPI
2022 4 MAR	£220,000	£232,574	5% below HPI

4 GILLBANK DRIVE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Hinckley and Bosworth local authority area over time, sourced from the HPI. The two 4 GILLBANK DRIVE sales from March 2022 and June 2024 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 2022 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the June 2024 sale, where it falls to 9% below the HPI. The line then continues to track at 9% below the HPI.

What might 4 GILLBANK DRIVE be worth now?

4 GILLBANK DRIVE might now be worth an estimated £226,635.

This is based on house price inflation of 3%, between June 2024 and February 2025, for semi-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 3% inflationary increase is applied to the most recent sale price for 4 GILLBANK DRIVE of £220,000 on 28th June 2024. For the value to have increased from £220,000 to £226,635 over the one year and four months to February 2025, the following assumptions must hold true:

• The value of 4 GILLBANK DRIVE has moved in line with the HPI for semi-detached houses in the Hinckley and Bosworth local authority area.
• The June 2024 sale price of £220,000 represented a fair market value for the property.
• The size, condition, and specification of 4 GILLBANK DRIVE has not materially changed since June 2024.

How Large is 4 GILLBANK DRIVE?

4 GILLBANK DRIVE is 68m², which includes one extension, according to the EPC inspection conducted in October 2021. This puts it in the smallest 20% of semi-detached houses houses in Ratby, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Ratby, and where 4 GILLBANK DRIVE lies on this distribution: 20% of semi-detached houses houses are smaller than 4 GILLBANK DRIVE, and 78% of houses are larger. Note that EPC data is not available for all properties in Ratby.

4 GILLBANK DRIVE: Plot and Title Map

4 GILLBANK DRIVE sits on a plot of roughly 0.072 of an acre, or 290m². The below map shows the location of 4 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 4 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 4 GILLBANK DRIVE?

4 GILLBANK DRIVE is located in RATBY, in the LE6 postcode district. The below map shows the position of No. 4 on GILLBANK DRIVE.