9, CHEVIOT DRIVE, SHEPSHED, LOUGHBOROUGH, LE12 9ED - £244,000

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.

9 CHEVIOT DRIVE is a midsized detached house of 100m², built sometime between 1983 and 1990, which could now be worth an estimated £313,822. It was last sold for £244,000 in June 2020, which was around 26% below the average June 2020 detached price in the Charnwood local authority area. The most recent EPC inspection was September 2023, where the current energy rating was C, and the potential energy rating was B.

9 CHEVIOT DRIVE Sold Prices

Land registry data shows two sales for 9 CHEVIOT DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Charnwood local authority area for the corresponding sale date. Both of the two 9 CHEVIOT 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
2020 12 JUN	£244,000	£329,746	26% below HPI
2012 6 JUL	£177,000	£236,123	25% below HPI

9 CHEVIOT DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Charnwood local authority area over time, sourced from the HPI. The two 9 CHEVIOT DRIVE sales from July 2012 and June 2020 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 July 2012 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the June 2020 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

What might 9 CHEVIOT DRIVE be worth now?

9 CHEVIOT DRIVE might now be worth an estimated £313,822.

This is based on house price inflation of 28.6%, between June 2020 and June 2025, for detached houses, in the Charnwood local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 28.6% inflationary increase is applied to the most recent sale price for 9 CHEVIOT DRIVE of £244,000 on 12th June 2020. For the value to have increased from £244,000 to £313,822 over the five years to June 2025, the following assumptions must hold true:

• The value of 9 CHEVIOT DRIVE has moved in line with the HPI for detached houses in the Charnwood local authority area.
• The June 2020 sale price of £244,000 represented a fair market value for the property.
• The size, condition, and specification of 9 CHEVIOT DRIVE has not materially changed since June 2020.

How Large is 9 CHEVIOT DRIVE?

9 CHEVIOT DRIVE is 100m² according to the EPC inspection conducted in September 2023. This puts it in the smallest 50% of detached houses houses in Shepshed, based on EPC data. The below chart shows the distribution of detached houses houses by size in Shepshed, and where 9 CHEVIOT DRIVE lies on this distribution: 41% of detached houses houses are smaller than 9 CHEVIOT DRIVE, and 59% of houses are larger. Note that EPC data is not available for all properties in Shepshed.

9 CHEVIOT DRIVE: Plot and Title Map

9 CHEVIOT DRIVE sits on a plot of roughly 0.089 of an acre, or 362m². The below map shows the location of 9 CHEVIOT 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 9 CHEVIOT 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 9 CHEVIOT DRIVE?

9 CHEVIOT DRIVE is located in SHEPSHED, in the LE12 postcode district. The below map shows the position of No. 9 on CHEVIOT DRIVE.