5, PATERSON DRIVE, WOODHOUSE EAVES, LOUGHBOROUGH, LE12 8RL - £1,260,000

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 PATERSON DRIVE is a very large extended detached house of 306m², built sometime between 1967 and 1975, which could now be worth an estimated £1,488,702. It was last sold for £1,260,000 in March 2021, which was around 258% above the average March 2021 detached price in the Charnwood local authority area. The most recent EPC inspection was August 2020, where the current energy rating was C, and the potential energy rating was C.

5 PATERSON DRIVE Sold Prices

Land registry data shows two sales for 5 PATERSON 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 Charnwood local authority area for the corresponding sale date. Both of the two 5 PATERSON DRIVE sales were for above 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 10 MAR	£1,260,000	£352,279	258% above HPI
2014 22 SEP	£575,500	£259,111	122% above HPI

5 PATERSON DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Charnwood local authority area over time, sourced from the HPI. The two 5 PATERSON DRIVE sales from September 2014 and March 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 September 2014 sale was for 122% above the HPI. So the extrapolation line tracks at 122% above the HPI over time, until the March 2021 sale, where it rises to 258% above the HPI. The line then continues to track at 258% above the HPI.

What might 5 PATERSON DRIVE be worth now?

5 PATERSON DRIVE might now be worth an estimated £1,488,702.

This is based on house price inflation of 18.2%, between March 2021 and February 2025, for detached houses, in the Charnwood local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 18.2% inflationary increase is applied to the most recent sale price for 5 PATERSON DRIVE of £1,260,000 on 10th March 2021. For the value to have increased from £1,260,000 to £1,488,702 over the four years and one month to February 2025, the following assumptions must hold true:

• The value of 5 PATERSON DRIVE has moved in line with the HPI for detached houses in the Charnwood local authority area.
• The March 2021 sale price of £1,260,000 represented a fair market value for the property.
• The size, condition, and specification of 5 PATERSON DRIVE has not materially changed since March 2021.

How Large is 5 PATERSON DRIVE?

5 PATERSON DRIVE is 306m², which includes two extensions, according to the EPC inspection conducted in August 2020. This puts it in the largest 10% of detached houses houses in Woodhouse Eaves, based on EPC data. The below chart shows the distribution of detached houses houses by size in Woodhouse Eaves, and where 5 PATERSON DRIVE lies on this distribution: 92% of detached houses houses are smaller than 5 PATERSON DRIVE, and 8% of houses are larger. Note that EPC data is not available for all properties in Woodhouse Eaves.

5 PATERSON DRIVE: Plot and Title Map

5 PATERSON DRIVE sits on a plot of roughly 0.395 of an acre, or 1,597m². The below map shows the location of 5 PATERSON 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 PATERSON 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 PATERSON DRIVE?

5 PATERSON DRIVE is located in WOODHOUSE EAVES, in the LE12 postcode district. The below map shows the position of No. 5 on PATERSON DRIVE.