8, OAKS DRIVE, BLABY, LEICESTER, LE8 4HR - £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.

8 OAKS DRIVE is a very large extended detached house of 190m², built sometime between 1976 and 1982, which could now be worth an estimated £489,467. It was last sold for £400,000 in April 2020, which was around 25% above the average April 2020 detached price in the Blaby local authority area. The most recent EPC inspection was February 2020, where the current energy rating was D, and the potential energy rating was C.

8 OAKS DRIVE Sold Prices

Land registry data shows two sales for 8 OAKS 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 Blaby local authority area for the corresponding sale date. Both of the two 8 OAKS DRIVE sales were for above 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
2020 17 APR	£400,000	£318,921	25% above HPI
2001 9 NOV	£136,500	£125,495	9% above HPI

8 OAKS DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Blaby local authority area over time, sourced from the HPI. The two 8 OAKS DRIVE sales from November 2001 and April 2020 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 2001 sale was for 9% above the HPI. So the extrapolation line tracks at 9% above the HPI over time, until the April 2020 sale, where it rises to 25% above the HPI. The line then continues to track at 25% above the HPI.

What might 8 OAKS DRIVE be worth now?

8 OAKS DRIVE might now be worth an estimated £489,467.

This is based on house price inflation of 22.4%, between April 2020 and February 2025, for detached houses, in the Blaby local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 22.4% inflationary increase is applied to the most recent sale price for 8 OAKS DRIVE of £400,000 on 17th April 2020. For the value to have increased from £400,000 to £489,467 over the five years and two months to February 2025, the following assumptions must hold true:

• The value of 8 OAKS DRIVE has moved in line with the HPI for detached houses in the Blaby local authority area.
• The April 2020 sale price of £400,000 represented a fair market value for the property.
• The size, condition, and specification of 8 OAKS DRIVE has not materially changed since April 2020.

How Large is 8 OAKS DRIVE?

8 OAKS DRIVE is 190m², which includes two extensions, according to the EPC inspection conducted in February 2020. This puts it in the largest 10% of detached houses houses in Blaby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Blaby, and where 8 OAKS DRIVE lies on this distribution: 93% of detached houses houses are smaller than 8 OAKS DRIVE, and 6% of houses are larger. Note that EPC data is not available for all properties in Blaby.

8 OAKS DRIVE: Plot and Title Map

8 OAKS DRIVE sits on a plot of roughly 0.162 of an acre, or 655m². The below map shows the location of 8 OAKS 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 OAKS 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 OAKS DRIVE?

8 OAKS DRIVE is located in BLABY, in the LE8 postcode district. The below map shows the position of No. 8 on OAKS DRIVE.