3, DRIFT CLOSE, BLACKFORDBY, SWADLINCOTE, DE11 8BE - £520,000

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.

3 DRIFT CLOSE is a very large detached house of 150m², built sometime between 1996 and 2002, which could now be worth an estimated £543,908. It was last sold for £520,000 in September 2022, which was around 37% above the average September 2022 detached price in the North West Leicestershire local authority area. The most recent EPC inspection was March 2022, where the current energy rating was C, and the potential energy rating was B.

3 DRIFT CLOSE Sold Prices

Land registry data shows two sales for 3 DRIFT CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the North West Leicestershire local authority area for the corresponding sale date. Both of the two 3 DRIFT CLOSE 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 28 SEP	£520,000	£378,973	37% above HPI
1998 21 AUG	£157,500	£90,051	75% above HPI

3 DRIFT CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North West Leicestershire local authority area over time, sourced from the HPI. The two 3 DRIFT CLOSE sales from August 1998 and September 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 August 1998 sale was for 75% above the HPI. So the extrapolation line tracks at 75% above the HPI over time, until the September 2022 sale, where it falls to 37% above the HPI. The line then continues to track at 37% above the HPI.

What might 3 DRIFT CLOSE be worth now?

3 DRIFT CLOSE might now be worth an estimated £543,908.

This is based on house price inflation of 4.6%, between September 2022 and May 2026, for detached houses, in the North West Leicestershire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 4.6% inflationary increase is applied to the most recent sale price for 3 DRIFT CLOSE of £520,000 on 28th September 2022. For the value to have increased from £520,000 to £543,908 over the four years and four months to May 2026, the following assumptions must hold true:

• The value of 3 DRIFT CLOSE has moved in line with the HPI for detached houses in the North West Leicestershire local authority area.
• The September 2022 sale price of £520,000 represented a fair market value for the property.
• The size, condition, and specification of 3 DRIFT CLOSE has not materially changed since September 2022.

How Large is 3 DRIFT CLOSE?

3 DRIFT CLOSE is 150m² according to the EPC inspection conducted in March 2022. This puts it in the largest 20% of detached houses houses in Blackfordby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Blackfordby, and where 3 DRIFT CLOSE lies on this distribution: 80% of detached houses houses are smaller than 3 DRIFT CLOSE, and 20% of houses are larger. Note that EPC data is not available for all properties in Blackfordby.

3 DRIFT CLOSE: Plot and Title Map

3 DRIFT CLOSE sits on a plot of roughly 0.192 of an acre, or 775m². The below map shows the location of 3 DRIFT CLOSE, 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 DRIFT CLOSE). 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 DRIFT CLOSE?

3 DRIFT CLOSE is located in BLACKFORDBY, in the DE11 postcode district. The below map shows the position of No. 3 on DRIFT CLOSE.