5, WALLACE DRIVE, GROBY, LEICESTER, LE6 0GQ - £207,500

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

5 WALLACE DRIVE is a very small detached house of 61m², built sometime between 1900 and 1929. It was last sold for £207,500 in August 2019, which was around 33% below the average August 2019 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 two sales for 5 WALLACE 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 Hinckley and Bosworth local authority area for the corresponding sale date. Both of the two 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
2019 6 AUG	£207,500	£311,875	33% below HPI
2018 25 MAY	£190,000	£302,663	37% 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 two 5 WALLACE DRIVE sales from May 2018 and August 2019 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 May 2018 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the August 2019 sale, where it rises to 33% below the HPI. The line then continues to track at 33% below the HPI.

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 in Groby, based on EPC data. The below chart shows the distribution of detached houses by size in Groby, and where 5 WALLACE DRIVE lies on this distribution: 4% of detached 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.