3, HEATH DRIVE, COTTESMORE, OAKHAM, LE15 7DF - £220,000

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 HEATH DRIVE is a midsized extended semi-detached house of 117m², built sometime between 1950 and 1966, which could now be worth an estimated £280,924. It was last sold for £220,000 in September 2019, which was around 10% below the average September 2019 semi-detached price in the Rutland local authority area. The most recent EPC inspection was February 2019, where the current energy rating was C, and the potential energy rating was C.

3 HEATH DRIVE Sold Prices

Land registry data shows four sales for 3 HEATH DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Rutland local authority area for the corresponding sale date. Most of the four 3 HEATH 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
2019 6 SEP	£220,000	£244,960	10% below HPI
2019 18 APR	£198,000	£241,196	18% below HPI
2011 1 DEC	£164,000	£176,300	7% below HPI
2009 26 MAR	£160,000	£159,058	1% above HPI

3 HEATH DRIVE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Rutland local authority area over time, sourced from the HPI. The four 3 HEATH DRIVE sales between March 2009 and September 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 April 2019 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the September 2019 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

What might 3 HEATH DRIVE be worth now?

3 HEATH DRIVE might now be worth an estimated £280,924.

This is based on house price inflation of 27.7%, between September 2019 and June 2025, for semi-detached houses, in the Rutland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 27.7% inflationary increase is applied to the most recent sale price for 3 HEATH DRIVE of £220,000 on 6th September 2019. For the value to have increased from £220,000 to £280,924 over the six years and three months to June 2025, the following assumptions must hold true:

• The value of 3 HEATH DRIVE has moved in line with the HPI for semi-detached houses in the Rutland local authority area.
• The September 2019 sale price of £220,000 represented a fair market value for the property.
• The size, condition, and specification of 3 HEATH DRIVE has not materially changed since September 2019.

How Large is 3 HEATH DRIVE?

3 HEATH DRIVE is 117m², which includes two extensions, according to the EPC inspection conducted in February 2019. This puts it in the largest 50% of semi-detached houses houses in Cottesmore, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Cottesmore, and where 3 HEATH DRIVE lies on this distribution: 56% of semi-detached houses houses are smaller than 3 HEATH DRIVE, and 43% of houses are larger. Note that EPC data is not available for all properties in Cottesmore.

3 HEATH DRIVE: Plot and Title Map

3 HEATH DRIVE sits on a plot of roughly 0.056 of an acre, or 228m². The below map shows the location of 3 HEATH 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 3 HEATH 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 3 HEATH DRIVE?

3 HEATH DRIVE is located in COTTESMORE, in the LE15 postcode district. The below map shows the position of No. 3 on HEATH DRIVE.