7, GRANGE DRIVE, GLEN PARVA, LEICESTER, LE2 9PH - £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.

7 GRANGE DRIVE is a very small extended terraced house of 84m², built sometime between 1900 and 1929, which could now be worth an estimated £186,996. It was last sold for £145,000 in May 2018, which was around 14% below the average May 2018 terraced price in the Blaby local authority area. The most recent EPC inspection was October 2018, where the current energy rating was D, and the potential energy rating was B.

7 GRANGE DRIVE Sold Prices

Land registry data shows two sales for 7 GRANGE DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Blaby local authority area for the corresponding sale date. Both of the two 7 GRANGE 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
2018 16 MAY	£145,000	£168,739	14% below HPI
2010 26 MAR	£115,000	£124,349	8% below HPI

7 GRANGE DRIVE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Blaby local authority area over time, sourced from the HPI. The two 7 GRANGE DRIVE sales from March 2010 and May 2018 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 March 2010 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the May 2018 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 7 GRANGE DRIVE be worth now?

7 GRANGE DRIVE might now be worth an estimated £186,996.

This is based on house price inflation of 29%, between May 2018 and May 2026, for terraced houses, in the Blaby local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 29% inflationary increase is applied to the most recent sale price for 7 GRANGE DRIVE of £145,000 on 16th May 2018. For the value to have increased from £145,000 to £186,996 over the eight years to May 2026, the following assumptions must hold true:

• The value of 7 GRANGE DRIVE has moved in line with the HPI for terraced houses in the Blaby local authority area.
• The May 2018 sale price of £145,000 represented a fair market value for the property.
• The size, condition, and specification of 7 GRANGE DRIVE has not materially changed since May 2018.

How Large is 7 GRANGE DRIVE?

7 GRANGE DRIVE is 84m², which includes three extensions, according to the EPC inspection conducted in October 2018. This puts it in the smallest 20% of terraced houses houses in Leicester, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Leicester, and where 7 GRANGE DRIVE lies on this distribution: 17% of terraced houses houses are smaller than 7 GRANGE DRIVE, and 82% of houses are larger. Note that EPC data is not available for all properties in Leicester.

7 GRANGE DRIVE: Plot and Title Map

7 GRANGE DRIVE sits on a plot of roughly 0.064 of an acre, or 258m². The below map shows the location of 7 GRANGE 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 7 GRANGE 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 7 GRANGE DRIVE?

7 GRANGE DRIVE is located in GLEN PARVA, in the LE2 postcode district. The below map shows the position of No. 7 on GRANGE DRIVE.