40, FARAY DRIVE, HINCKLEY, LE10 0WZ - £300,000

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

40 FARAY DRIVE is a small detached house of 90m², which could now be worth an estimated £299,350. It was last sold for £300,000 in November 2023, which was around 22% below the average November 2023 detached price in the Hinckley and Bosworth local authority area. The most recent EPC inspection was May 2014, where the current energy rating was C, and the potential energy rating was A.

40 FARAY DRIVE Sold Prices

Land registry data shows two sales for 40 FARAY 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 Hinckley and Bosworth local authority area for the corresponding sale date. Both of the two 40 FARAY 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
2023 7 NOV	£300,000	£382,632	22% below HPI
2014 25 JUL	£209,950	£222,691	6% below HPI

40 FARAY 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 two 40 FARAY DRIVE sales from July 2014 and November 2023 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 July 2014 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the November 2023 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might 40 FARAY DRIVE be worth now?

40 FARAY DRIVE might now be worth an estimated £299,350.

This is based on house price deflation of 0.2%, between November 2023 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 0.2% deflationary decrease is applied to the most recent sale price for 40 FARAY DRIVE of £300,000 on 7th November 2023. For the value to have decreased from £300,000 to £299,350 over the eleven months to December 2024, the following assumptions must hold true:

• The value of 40 FARAY DRIVE has moved in line with the HPI for detached houses in the Hinckley and Bosworth local authority area.
• The November 2023 sale price of £300,000 represented a fair market value for the property.
• The size, condition, and specification of 40 FARAY DRIVE has not materially changed since November 2023.

How Large is 40 FARAY DRIVE?

40 FARAY DRIVE is 90m² according to the EPC inspection conducted in May 2014. This puts it in the smallest 30% of detached houses houses in Hinckley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hinckley, and where 40 FARAY DRIVE lies on this distribution: 25% of detached houses houses are smaller than 40 FARAY DRIVE, and 74% of houses are larger. Note that EPC data is not available for all properties in Hinckley.

40 FARAY DRIVE: Plot and Title Map

40 FARAY DRIVE sits on a plot of roughly 0.094 of an acre, or 379m². The below map shows the location of 40 FARAY 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 40 FARAY 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 40 FARAY DRIVE?

40 FARAY DRIVE is located in HINCKLEY, in the LE10 postcode district. The below map shows the position of No. 40 on FARAY DRIVE.