8, HEATH DRIVE, COTTESMORE, OAKHAM, LE15 7DF - £172,500

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.

8 HEATH DRIVE is a very small semi-detached house of 85m², built sometime between 1950 and 1966, which could now be worth an estimated £216,698. It was last sold for £172,500 in October 2018, which was around 31% below the average October 2018 semi-detached price in the Rutland local authority area. The most recent EPC inspection was June 2018, where the current energy rating was D, and the potential energy rating was B.

8 HEATH DRIVE Sold Prices

Land registry data shows two sales for 8 HEATH DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Rutland local authority area for the corresponding sale date. Both of the two 8 HEATH 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
2018 17 OCT	£172,500	£251,141	31% below HPI
2003 24 NOV	£67,500	£141,263	52% below HPI

8 HEATH DRIVE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Rutland local authority area over time, sourced from the HPI. The two 8 HEATH DRIVE sales from November 2003 and October 2018 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 November 2003 sale was for 52% below the HPI. So the extrapolation line tracks at 52% below the HPI over time, until the October 2018 sale, where it rises to 31% below the HPI. The line then continues to track at 31% below the HPI.

What might 8 HEATH DRIVE be worth now?

8 HEATH DRIVE might now be worth an estimated £216,698.

This is based on house price inflation of 25.6%, between October 2018 and February 2025, for semi-detached houses, in the Rutland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 25.6% inflationary increase is applied to the most recent sale price for 8 HEATH DRIVE of £172,500 on 17th October 2018. For the value to have increased from £172,500 to £216,698 over the seven years and eight months to February 2025, the following assumptions must hold true:

• The value of 8 HEATH DRIVE has moved in line with the HPI for semi-detached houses in the Rutland local authority area.
• The October 2018 sale price of £172,500 represented a fair market value for the property.
• The size, condition, and specification of 8 HEATH DRIVE has not materially changed since October 2018.

How Large is 8 HEATH DRIVE?

8 HEATH DRIVE is 85m² according to the EPC inspection conducted in June 2018. This puts it in the smallest 20% of semi-detached houses houses in Cottesmore, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Cottesmore, and where 8 HEATH DRIVE lies on this distribution: 17% of semi-detached houses houses are smaller than 8 HEATH DRIVE, and 82% of houses are larger. Note that EPC data is not available for all properties in Cottesmore.

8 HEATH DRIVE: Plot and Title Map

8 HEATH DRIVE sits on a plot of roughly 0.070 of an acre, or 284m². The below map shows the location of 8 HEATH 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 HEATH 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 HEATH DRIVE?

8 HEATH DRIVE is located in COTTESMORE, in the LE15 postcode district. The below map shows the position of No. 8 on HEATH DRIVE.