5, ELM DRIVE, MARKET HARBOROUGH, LE16 9DS - £334,000

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

5 ELM DRIVE is a large extended detached house of 137m², built sometime between 1967 and 1975. It was last sold for £334,000 in September 2017, which was around 6% below the average September 2017 detached price in the Harborough local authority area. The most recent EPC inspection was August 2010, where the current energy rating was E, and the potential energy rating was C.

5 ELM DRIVE Sold Prices

Land registry data shows three sales for 5 ELM DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Harborough local authority area for the corresponding sale date. All of the three 5 ELM 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
2017 1 SEP	£334,000	£356,558	6% below HPI
2010 19 NOV	£235,000	£273,294	14% below HPI
2004 22 JAN	£175,000	£220,019	20% below HPI

5 ELM 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 three 5 ELM DRIVE sales between January 2004 and September 2017 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 November 2010 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the September 2017 sale, where it rises to 6% below the HPI. The line then continues to track at 6% below the HPI.

What might 5 ELM DRIVE be worth now?

5 ELM DRIVE might now be worth an estimated £461,664.

This is based on house price inflation of 38.2%, between September 2017 and December 2024, 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 38.2% inflationary increase is applied to the most recent sale price for 5 ELM DRIVE of £334,000 on 1st September 2017. For the value to have increased from £334,000 to £461,664 over the six years and nine months to December 2024, the following assumptions must hold true:

• The value of 5 ELM DRIVE has moved in line with the HPI for detached houses in the Harborough local authority area.
• The September 2017 sale price of £334,000 represented a fair market value for the property.
• The size, condition, and specification of 5 ELM DRIVE has not materially changed since September 2017.

How Large is 5 ELM DRIVE?

5 ELM DRIVE is 137m², which includes one extension, according to the EPC inspection conducted in August 2010. This puts it in the largest 40% of detached houses houses in Market Harborough, based on EPC data. The below chart shows the distribution of detached houses houses by size in Market Harborough, and where 5 ELM DRIVE lies on this distribution: 65% of detached houses houses are smaller than 5 ELM DRIVE, and 35% of houses are larger. Note that EPC data is not available for all properties in Market Harborough.

5 ELM DRIVE: Plot and Title Map

5 ELM DRIVE sits on a plot of roughly 0.075 of an acre, or 305m². The below map shows the location of 5 ELM 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 ELM 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 ELM DRIVE?

5 ELM DRIVE is located in MARKET HARBOROUGH, in the LE16 postcode district. The below map shows the position of No. 5 on ELM DRIVE.