40, PHILLIP DRIVE, GLEN PARVA, LEICESTER, LE2 9US - £262,500

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

40 PHILLIP DRIVE is a very small detached house of 70m², built sometime between 1996 and 2002. It was last sold for £262,500 in April 2022, which was around 30% below the average April 2022 detached price in the Blaby local authority area. The most recent EPC inspection was June 2021, where the current energy rating was C, and the potential energy rating was B.

40 PHILLIP DRIVE Sold Prices

Land registry data shows two sales for 40 PHILLIP 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 Blaby local authority area for the corresponding sale date. Both of the two 40 PHILLIP 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
2022 11 APR	£262,500	£375,659	30% below HPI
1997 18 DEC	£66,500	£84,254	21% below HPI

40 PHILLIP DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Blaby local authority area over time, sourced from the HPI. The two 40 PHILLIP DRIVE sales from December 1997 and April 2022 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 1997 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the April 2022 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is 40 PHILLIP DRIVE?

40 PHILLIP DRIVE is 70m² according to the EPC inspection conducted in June 2021. This puts it in the smallest 10% of detached houses in Leicester, based on EPC data. The below chart shows the distribution of detached houses by size in Leicester, and where 40 PHILLIP DRIVE lies on this distribution: 7% of detached houses are smaller than 40 PHILLIP DRIVE, and 92% of houses are larger. Note that EPC data is not available for all properties in Leicester.

40 PHILLIP DRIVE: Plot and Title Map

40 PHILLIP DRIVE sits on a plot of roughly 0.043 of an acre, or 175m². The below map shows the location of 40 PHILLIP 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 PHILLIP 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 PHILLIP DRIVE?

40 PHILLIP DRIVE is located in GLEN PARVA, in the LE2 postcode district. The below map shows the position of No. 40 on PHILLIP DRIVE.