5, CHESTNUT DRIVE, GILMORTON, LUTTERWORTH, LE17 5FU - £860,000

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.

5 CHESTNUT DRIVE is a very large detached house of 239m², built in 2021, which could now be worth an estimated £987,277. It was last sold for £860,000 in October 2021, which was around 103% above the average October 2021 detached price in the Harborough local authority area. The most recent EPC inspection was September 2021, where the current energy rating was B, and the potential energy rating was B.

5 CHESTNUT DRIVE Sold Prices

Land registry data shows two sales for 5 CHESTNUT 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 Harborough local authority area for the corresponding sale date. One of the two 5 CHESTNUT DRIVE sales was for above the average price, whilst the other was 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 25 OCT	£860,000	£422,786	103% above HPI
2021 29 JUL	£118,000	£407,932	71% below HPI

5 CHESTNUT DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Harborough local authority area over time, sourced from the HPI. The two 5 CHESTNUT DRIVE sales from July 2021 and October 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 July 2021 sale was for 71% below the HPI. So the extrapolation line tracks at 71% below the HPI over time, until the October 2021 sale, where it rises to 103% above the HPI. The line then continues to track at 103% above the HPI.

What might 5 CHESTNUT DRIVE be worth now?

5 CHESTNUT DRIVE might now be worth an estimated £987,277.

This is based on house price inflation of 14.8%, between October 2021 and February 2025, for detached houses, in the Harborough local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 14.8% inflationary increase is applied to the most recent sale price for 5 CHESTNUT DRIVE of £860,000 on 25th October 2021. For the value to have increased from £860,000 to £987,277 over the four years and eight months to February 2025, the following assumptions must hold true:

• The value of 5 CHESTNUT DRIVE has moved in line with the HPI for detached houses in the Harborough local authority area.
• The October 2021 sale price of £860,000 represented a fair market value for the property.
• The size, condition, and specification of 5 CHESTNUT DRIVE has not materially changed since October 2021.

How Large is 5 CHESTNUT DRIVE?

5 CHESTNUT DRIVE is 239m² according to the EPC inspection conducted in September 2021. This puts it in the largest 10% of detached houses houses in Gilmorton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Gilmorton, and where 5 CHESTNUT DRIVE lies on this distribution: 94% of detached houses houses are smaller than 5 CHESTNUT DRIVE, and 5% of houses are larger. Note that EPC data is not available for all properties in Gilmorton.

5 CHESTNUT DRIVE: Plot and Title Map

5 CHESTNUT DRIVE sits on a plot of roughly 0.245 of an acre, or 991m². The below map shows the location of 5 CHESTNUT 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 5 CHESTNUT 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 5 CHESTNUT DRIVE?

5 CHESTNUT DRIVE is located in GILMORTON, in the LE17 postcode district. The below map shows the position of No. 5 on CHESTNUT DRIVE.