5, WALLACE DRIVE, GROBY, LEICESTER, LE6 0GQ - £285,000

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 WALLACE DRIVE is a very small detached house of 61m², built sometime between 1900 and 1929, which could now be worth an estimated £283,326. It was last sold for £285,000 in November 2024, which was around 26% below the average November 2024 detached price in the Hinckley and Bosworth local authority area. The most recent EPC inspection was April 2019, where the current energy rating was D, and the potential energy rating was B.

5 WALLACE DRIVE Sold Prices

Land registry data shows three sales for 5 WALLACE 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 Hinckley and Bosworth local authority area for the corresponding sale date. All of the three 5 WALLACE 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
2024 22 NOV	£285,000	£383,299	26% below HPI
2019 6 AUG	£207,500	£296,418	30% below HPI
2018 25 MAY	£190,000	£287,663	34% below HPI

5 WALLACE 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 three 5 WALLACE DRIVE sales between May 2018 and November 2024 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 August 2019 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the November 2024 sale, where it rises to 26% below the HPI. The line then continues to track at 26% below the HPI.

What might 5 WALLACE DRIVE be worth now?

5 WALLACE DRIVE might now be worth an estimated £283,326.

This is based on house price deflation of 0.6%, between November 2024 and February 2025, 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 0.6% deflationary decrease is applied to the most recent sale price for 5 WALLACE DRIVE of £285,000 on 22nd November 2024. For the value to have decreased from £285,000 to £283,326 over the one year and nine months to February 2025, the following assumptions must hold true:

• The value of 5 WALLACE DRIVE has moved in line with the HPI for detached houses in the Hinckley and Bosworth local authority area.
• The November 2024 sale price of £285,000 represented a fair market value for the property.
• The size, condition, and specification of 5 WALLACE DRIVE has not materially changed since November 2024.

How Large is 5 WALLACE DRIVE?

5 WALLACE DRIVE is 61m² according to the EPC inspection conducted in April 2019. This puts it in the smallest 10% of detached houses houses in Groby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Groby, and where 5 WALLACE DRIVE lies on this distribution: 5% of detached houses houses are smaller than 5 WALLACE DRIVE, and 95% of houses are larger. Note that EPC data is not available for all properties in Groby.

5 WALLACE DRIVE: Plot and Title Map

5 WALLACE DRIVE sits on a plot of roughly 0.110 of an acre, or 444m². The below map shows the location of 5 WALLACE 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 WALLACE 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 WALLACE DRIVE?

5 WALLACE DRIVE is located in GROBY, in the LE6 postcode district. The below map shows the position of No. 5 on WALLACE DRIVE.