8, WATTS DRIVE, SHEPSHED, LOUGHBOROUGH, LE12 9UR - £275,000

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 WATTS DRIVE is a large extended semi-detached house of 133m², built sometime from 2007 onwards, which could now be worth an estimated £294,799. It was last sold for £275,000 in May 2022, which was around 12% above the average May 2022 semi-detached price in the Charnwood local authority area. The most recent EPC inspection was July 2019, where the current energy rating was C, and the potential energy rating was B.

8 WATTS DRIVE Sold Prices

Land registry data shows two sales for 8 WATTS 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 Charnwood local authority area for the corresponding sale date. Both of the two 8 WATTS 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
2022 31 MAY	£275,000	£244,798	12% above HPI
2008 18 JUL	£249,500	£156,293	60% above HPI

8 WATTS DRIVE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Charnwood local authority area over time, sourced from the HPI. The two 8 WATTS DRIVE sales from July 2008 and May 2022 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 July 2008 sale was for 60% above the HPI. So the extrapolation line tracks at 60% above the HPI over time, until the May 2022 sale, where it falls to 12% above the HPI. The line then continues to track at 12% above the HPI.

What might 8 WATTS DRIVE be worth now?

8 WATTS DRIVE might now be worth an estimated £294,799.

This is based on house price inflation of 7.2%, between May 2022 and February 2025, for semi-detached houses, in the Charnwood local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 7.2% inflationary increase is applied to the most recent sale price for 8 WATTS DRIVE of £275,000 on 31st May 2022. For the value to have increased from £275,000 to £294,799 over the three years and three months to February 2025, the following assumptions must hold true:

• The value of 8 WATTS DRIVE has moved in line with the HPI for semi-detached houses in the Charnwood local authority area.
• The May 2022 sale price of £275,000 represented a fair market value for the property.
• The size, condition, and specification of 8 WATTS DRIVE has not materially changed since May 2022.

How Large is 8 WATTS DRIVE?

8 WATTS DRIVE is 133m², which includes one extension, according to the EPC inspection conducted in July 2019. This puts it in the largest 30% of semi-detached houses houses in Shepshed, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Shepshed, and where 8 WATTS DRIVE lies on this distribution: 78% of semi-detached houses houses are smaller than 8 WATTS DRIVE, and 21% of houses are larger. Note that EPC data is not available for all properties in Shepshed.

8 WATTS DRIVE: Plot and Title Map

8 WATTS DRIVE sits on a plot of roughly 0.045 of an acre, or 183m². The below map shows the location of 8 WATTS 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 WATTS 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 WATTS DRIVE?

8 WATTS DRIVE is located in SHEPSHED, in the LE12 postcode district. The below map shows the position of No. 8 on WATTS DRIVE.