6, DIGBY DRIVE, OAKHAM, LE15 6LJ - £145,000

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.

6 DIGBY DRIVE is a very small semi-detached house of 81m², built sometime between 1967 and 1975, which could now be worth an estimated £235,487. It was last sold for £145,000 in September 2012, which was around 15% below the average September 2012 semi-detached price in the Rutland local authority area. The most recent EPC inspection was September 2011, where the current energy rating was D, and the potential energy rating was C.

6 DIGBY DRIVE Sold Prices

Land registry data shows four sales for 6 DIGBY 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. All of the four 6 DIGBY 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
2012 12 SEP	£145,000	£169,855	15% below HPI
2006 4 OCT	£169,000	£171,333	1% below HPI
2003 26 SEP	£127,000	£146,882	14% below HPI
2001 24 AUG	£79,000	£90,658	13% below HPI

6 DIGBY 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 6 DIGBY DRIVE sales between August 2001 and September 2012 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 October 2006 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the September 2012 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might 6 DIGBY DRIVE be worth now?

6 DIGBY DRIVE might now be worth an estimated £235,487.

This is based on house price inflation of 62.4%, between September 2012 and May 2026, 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 62.4% inflationary increase is applied to the most recent sale price for 6 DIGBY DRIVE of £145,000 on 12th September 2012. For the value to have increased from £145,000 to £235,487 over the fourteen years and four months to May 2026, the following assumptions must hold true:

• The value of 6 DIGBY DRIVE has moved in line with the HPI for semi-detached houses in the Rutland local authority area.
• The September 2012 sale price of £145,000 represented a fair market value for the property.
• The size, condition, and specification of 6 DIGBY DRIVE has not materially changed since September 2012.

How Large is 6 DIGBY DRIVE?

6 DIGBY DRIVE is 81m² according to the EPC inspection conducted in September 2011. This puts it in the smallest 10% of semi-detached houses houses in Oakham, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Oakham, and where 6 DIGBY DRIVE lies on this distribution: 9% of semi-detached houses houses are smaller than 6 DIGBY DRIVE, and 90% of houses are larger. Note that EPC data is not available for all properties in Oakham.

Where is 6 DIGBY DRIVE?

6 DIGBY DRIVE is located in OAKHAM, in the LE15 postcode district. The below map shows the position of No. 6 on DIGBY DRIVE.