3, DRAKE WAY, HINCKLEY, LE10 1UW - £352,000

3 DRAKE WAY is a small detached house of 90m², built sometime between 1983 and 1990. It was last sold for £352,000 in August 2022, which was around 14% below the average August 2022 detached price in the Hinckley and Bosworth local authority area. The most recent EPC inspection was December 2021, where the current energy rating was D, and the potential energy rating was B.

3 DRAKE WAY Sold Prices

Land registry data shows five sales for 3 DRAKE WAY since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Hinckley and Bosworth local authority area for the corresponding sale date. Most of the five 3 DRAKE WAY 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
2022 26 AUG	£352,000	£411,560	14% below HPI
2017 10 NOV	£286,000	£293,746	3% below HPI
2009 21 AUG	£164,950	£208,525	21% below HPI
2006 19 JUN	£215,000	£228,980	6% below HPI
1995 27 FEB	£95,000	£62,666	52% above HPI

3 DRAKE WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Hinckley and Bosworth local authority area over time, sourced from the HPI. The five 3 DRAKE WAY sales between February 1995 and August 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 November 2017 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the August 2022 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

How Large is 3 DRAKE WAY?

3 DRAKE WAY is 90m² according to the EPC inspection conducted in December 2021. This puts it in the smallest 30% of detached houses in Hinckley, based on EPC data. The below chart shows the distribution of detached houses by size in Hinckley, and where 3 DRAKE WAY lies on this distribution: 25% of detached houses are smaller than 3 DRAKE WAY, and 73% of houses are larger. Note that EPC data is not available for all properties in Hinckley.

3 DRAKE WAY: Plot and Title Map

3 DRAKE WAY sits on a plot of roughly 0.109 of an acre, or 439m². The below map shows the location of 3 DRAKE WAY, 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 3 DRAKE WAY). 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 3 DRAKE WAY?

3 DRAKE WAY is located in HINCKLEY, in the LE10 postcode district. The below map shows the position of No. 3 on DRAKE WAY.