2, THE DRIVE, SCRAPTOFT, LEICESTER, LE7 9TH - £335,000

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.

2 THE DRIVE is a small extended detached house of 93m², built sometime between 1950 and 1966, which could now be worth an estimated £349,210. It was last sold for £335,000 in June 2023, which was around 27% below the average June 2023 detached price in the Harborough local authority area. The most recent EPC inspection was October 2022, where the current energy rating was C, and the potential energy rating was B.

2 THE DRIVE Sold Prices

Land registry data shows two sales for 2 THE 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 Harborough local authority area for the corresponding sale date. Both of the two 2 THE 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
2023 23 JUN	£335,000	£459,529	27% below HPI
2018 20 JUL	£250,000	£373,637	33% below HPI

2 THE 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 two 2 THE DRIVE sales from July 2018 and June 2023 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 2018 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the June 2023 sale, where it rises to 27% below the HPI. The line then continues to track at 27% below the HPI.

What might 2 THE DRIVE be worth now?

2 THE DRIVE might now be worth an estimated £349,210.

This is based on house price inflation of 4.2%, between June 2023 and March 2025, 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 4.2% inflationary increase is applied to the most recent sale price for 2 THE DRIVE of £335,000 on 23rd June 2023. For the value to have increased from £335,000 to £349,210 over the two years and three months to March 2025, the following assumptions must hold true:

• The value of 2 THE DRIVE has moved in line with the HPI for detached houses in the Harborough local authority area.
• The June 2023 sale price of £335,000 represented a fair market value for the property.
• The size, condition, and specification of 2 THE DRIVE has not materially changed since June 2023.

How Large is 2 THE DRIVE?

2 THE DRIVE is 93m², which includes one extension, according to the EPC inspection conducted in October 2022. This puts it in the smallest 30% of detached houses houses in Leicester, based on EPC data. The below chart shows the distribution of detached houses houses by size in Leicester, and where 2 THE DRIVE lies on this distribution: 27% of detached houses houses are smaller than 2 THE DRIVE, and 72% of houses are larger. Note that EPC data is not available for all properties in Leicester.

2 THE DRIVE: Plot and Title Map

2 THE DRIVE sits on a plot of roughly 0.075 of an acre, or 304m². The below map shows the location of 2 THE 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 2 THE 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 2 THE DRIVE?

2 THE DRIVE is located in SCRAPTOFT, in the LE7 postcode district. The below map shows the position of No. 2 on THE DRIVE.