8, ELM DRIVE, MARKET HARBOROUGH, LE16 9DS - £335,000

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

8 ELM DRIVE is a small extended detached house of 109m², built sometime between 1967 and 1975. It was last sold for £335,000 in September 2021, which was around 18% below the average September 2021 detached price in the Harborough local authority area. The most recent EPC inspection was September 2023, where the current energy rating was C, and the potential energy rating was B.

8 ELM DRIVE Sold Prices

Land registry data shows five sales for 8 ELM DRIVE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Harborough local authority area for the corresponding sale date. All of the five 8 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
2021 30 SEP	£335,000	£408,330	18% below HPI
2020 16 OCT	£300,000	£423,316	29% below HPI
2013 30 JUL	£210,000	£266,502	21% below HPI
2008 16 SEP	£247,500	£265,250	7% below HPI
2004 21 JUL	£215,000	£238,113	10% below HPI

8 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 five 8 ELM DRIVE sales between July 2004 and September 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 October 2020 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the September 2021 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might 8 ELM DRIVE be worth now?

8 ELM DRIVE might now be worth an estimated £404,337.

This is based on house price inflation of 20.7%, between September 2021 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 20.7% inflationary increase is applied to the most recent sale price for 8 ELM DRIVE of £335,000 on 30th September 2021. For the value to have increased from £335,000 to £404,337 over the two years and nine months to December 2024, the following assumptions must hold true:

• The value of 8 ELM DRIVE has moved in line with the HPI for detached houses in the Harborough local authority area.
• The September 2021 sale price of £335,000 represented a fair market value for the property.
• The size, condition, and specification of 8 ELM DRIVE has not materially changed since September 2021.

How Large is 8 ELM DRIVE?

8 ELM DRIVE is 109m², which includes one extension, according to the EPC inspection conducted in September 2023. This puts it in the smallest 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 8 ELM DRIVE lies on this distribution: 35% of detached houses houses are smaller than 8 ELM DRIVE, and 64% of houses are larger. Note that EPC data is not available for all properties in Market Harborough.

8 ELM DRIVE: Plot and Title Map

8 ELM DRIVE sits on a plot of roughly 0.076 of an acre, or 308m². The below map shows the location of 8 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 8 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 8 ELM DRIVE?

8 ELM DRIVE is located in MARKET HARBOROUGH, in the LE16 postcode district. The below map shows the position of No. 8 on ELM DRIVE.