1A, FAIRMOUNT DRIVE, LOUGHBOROUGH, LE11 3JR - £220,000

1A FAIRMOUNT DRIVE is a very small detached house of 74m², built sometime between 1983 and 1990. It was last sold for £220,000 in January 2019, which was around 35% below the average January 2019 detached price in the Charnwood local authority area. The most recent EPC inspection was November 2018, where the current energy rating was D, and the potential energy rating was B.

1A FAIRMOUNT DRIVE Sold Prices

Land registry data shows three sales for 1A FAIRMOUNT 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 Charnwood local authority area for the corresponding sale date. Two of the three 1A FAIRMOUNT DRIVE sales were for below the average price, whilst one was 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
2019 22 JAN	£220,000	£337,393	35% below HPI
2002 4 NOV	£174,950	£176,272	1% below HPI
2001 24 MAY	£126,000	£125,278	1% above HPI

1A FAIRMOUNT DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Charnwood local authority area over time, sourced from the HPI. The three 1A FAIRMOUNT DRIVE sales between May 2001 and January 2019 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 2002 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the January 2019 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

How Large is 1A FAIRMOUNT DRIVE?

1A FAIRMOUNT DRIVE is 74m² according to the EPC inspection conducted in November 2018. This puts it in the smallest 10% of detached houses in Loughborough, based on EPC data. The below chart shows the distribution of detached houses by size in Loughborough, and where 1A FAIRMOUNT DRIVE lies on this distribution: 8% of detached houses are smaller than 1A FAIRMOUNT DRIVE, and 91% of houses are larger. Note that EPC data is not available for all properties in Loughborough.

1A FAIRMOUNT DRIVE: Plot and Title Map

1A FAIRMOUNT DRIVE sits on a plot of roughly 0.095 of an acre, or 384m². The below map shows the location of 1A FAIRMOUNT 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 1A FAIRMOUNT 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 1A FAIRMOUNT DRIVE?

1A FAIRMOUNT DRIVE is located in LOUGHBOROUGH, in the LE11 postcode district. The below map shows the position of No. 1A on FAIRMOUNT DRIVE.