6, TIMBERWOOD DRIVE, GROBY, LEICESTER, LE6 0YU - £400,000

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.

6 TIMBERWOOD DRIVE is a large extended detached house of 128m², built sometime between 1991 and 1995, which could now be worth an estimated £407,924. It was last sold for £400,000 in February 2023, which was around 7% above the average February 2023 detached price in the Hinckley and Bosworth local authority area. The most recent EPC inspection was November 2022, where the current energy rating was C, and the potential energy rating was B.

6 TIMBERWOOD DRIVE Sold Prices

Land registry data shows three sales for 6 TIMBERWOOD 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. One of the three 6 TIMBERWOOD DRIVE sales was for above the average price, whilst two 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
2023 20 FEB	£400,000	£373,645	7% above HPI
2021 29 JUN	£240,000	£326,983	27% below HPI
2001 8 AUG	£91,000	£114,160	20% below HPI

6 TIMBERWOOD 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 6 TIMBERWOOD DRIVE sales between August 2001 and February 2023 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 June 2021 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the February 2023 sale, where it rises to 7% above the HPI. The line then continues to track at 7% above the HPI.

What might 6 TIMBERWOOD DRIVE be worth now?

6 TIMBERWOOD DRIVE might now be worth an estimated £407,924.

This is based on house price inflation of 2%, between February 2023 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 2% inflationary increase is applied to the most recent sale price for 6 TIMBERWOOD DRIVE of £400,000 on 20th February 2023. For the value to have increased from £400,000 to £407,924 over the two years to February 2025, the following assumptions must hold true:

• The value of 6 TIMBERWOOD DRIVE has moved in line with the HPI for detached houses in the Hinckley and Bosworth local authority area.
• The February 2023 sale price of £400,000 represented a fair market value for the property.
• The size, condition, and specification of 6 TIMBERWOOD DRIVE has not materially changed since February 2023.

How Large is 6 TIMBERWOOD DRIVE?

6 TIMBERWOOD DRIVE is 128m², which includes two extensions, according to the EPC inspection conducted in November 2022. This puts it in the largest 30% 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 6 TIMBERWOOD DRIVE lies on this distribution: 72% of detached houses houses are smaller than 6 TIMBERWOOD DRIVE, and 27% of houses are larger. Note that EPC data is not available for all properties in Groby.

6 TIMBERWOOD DRIVE: Plot and Title Map

6 TIMBERWOOD DRIVE sits on a plot of roughly 0.073 of an acre, or 295m². The below map shows the location of 6 TIMBERWOOD 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 6 TIMBERWOOD 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 6 TIMBERWOOD DRIVE?

6 TIMBERWOOD DRIVE is located in GROBY, in the LE6 postcode district. The below map shows the position of No. 6 on TIMBERWOOD DRIVE.